Dudley to profile £1bn worth of investment
15 Feb 2019
More than one billion pounds worth of investment will be showcased on the international stage at a global summit with potential investors next month.
A team from Dudley Council will join partners from across the West Midlands at MIPIM 2019, the world’s leading property market, which brings together developers and investors from all sectors of the international property industry in Cannes, France.
Over the course of the four-day event, the council will be looking to forge new relationships with developers and investors to attract additional investment to boost the borough’s economic growth and develop key housing, retail, leisure and employment sites on land in Dudley borough.
It will profile DY5 - Dudley’s Business and Innovation Enterprise Zone in and around the Waterfront in Brierley Hill - in a bid to secure development partners and equity investors to fund plans for new industrial, office, retail, residential and mixed used developments.
It will also outline existing and planned projects, which includes the £81million Portersfield development, the £31million Institute of Technology on Castle Hill and the game changing £343million Midland Metro extension.
Councillor Judy Foster, deputy leader of Dudley Council, said:
"This is a serious opportunity to profile Dudley and position ourselves as the destination for businesses to invest and thrive.
"This could be a real game changer for Dudley. We will be networking with some of the biggest international developers, investors and influencers around the world.
"We already have millions of pounds worth of investment committed to improving our transport infrastructure, growing our leisure and retail offer and establishing our borough as a world-class centre for innovation and advanced manufacturing.
"But this is our opportunity to profile what we can offer beyond our existing plans and seek out genuine investors, who want to support us in transforming Dudley’s economy.”
The council will be exhibiting within the Midlands UK Pavilion (C16.D). The Midlands UK Pavilion launched in 2017 and has grown based on the strength of the combined Midlands offer. At MIPIM 2019 it will sees the largest-ever collaboration of public and private sector partners highlighting a region brimming with major opportunity and more than over £11 billion of investment-ready projects to showcase.
In 2019, MIPIM will celebrate its 30th anniversary and will welcome more than 25,000 delegates from more than 100 countries.