| scottish news
SCOTLAND’S THRIVING CITIES ARE OPEN FOR FOREIGN INVESTMENT T
he Scottish Cities Alliance, a unique collaboration of Scotland’s seven
cities - Aberdeen, Dundee, Edinburgh, Glasgow, Inverness, Perth, Stirling - and the Scottish Government, is working to attract investment, stimulate economic activity and create business growth. Scotland’s cities offer huge potential to international investors and the Alliance has great ambitions for Scotland's city economies which are high quality locations in which to do business. Spanning the full breadth of sectors
from fintech, Private Rented Sector and digital technology to life sciences, creative industries and food and drink, the country’s seven cities have a lot to offer investors. And with a Smart Cities programme that includes all of the seven cities, they are on-track to be world- leading digital hubs, embracing new and emerging technologies. Investment is critical to the ongoing success of the cities and their businesses
and the cities are working with the Scottish Government to attract that vital international investment. The Alliance’s online Pitch Book
www.scottishcities.org/pitchbook showcases £7.5 billion of strong investor- ready opportunities in residential, hotel and leisure, office and industrial sectors which are readily accessible to global investors. This selection highlights projects at differing stages of development and timeline and includes investor-ready projects, projects coming through the pipeline and projects at very early stages of development. Working with partners in public and private sector, a further stream of projects will be continuously identified to further the development of the portfolio of propositions to take to markets. Scotland has long punched above its
weight in attracting inward investment and the country’s seven cities are driving this growth. The EY Attractiveness
Survey names Scotland the most attractive place in the UK to invest outside London and the quality of the propositions in the Pitch Book clearly highlights why. Cabinet Secretary for Economy, Fair
Work and Jobs Keith Brown said: "Scotland has a long and successful track record of securing inward investment. In fact, we are the most successful region outside of London in terms of attracting inward investment. We work with partners to increase our profile and offer to investors so that Scotland continues to attract investment in a highly competitive global market. "The Scottish Government works in
partnership with our seven cities through the Scottish Cities Alliance to attract jobs and investment. Our iconic cities have global reach and reputation - investors have the opportunity to be part of that through the investment proposals offered in the £7.5bn Pitch Book."
Aberdeen
Aberdeen Aberdeen’s economic transformation is continuing in 2017-18, boosted by the announcement of a City Region Deal with the Scottish and UK Governments which the city expects to unlock over £800 million of investment in the city’s harbour and city centre alongside the creation of the UK’s new £180 million Oil and Gas Technology Centre. Several key projects will complete in 2017, including the Marischal Square development, the city’s Art Gallery and the Aberdeen Western Peripheral Route, which will significantly enhance traffic flows around the city region. The City Council has recently become the first council in Scotland to secure investment through a stock-market issued Bond, which has raised £370 million for investment in the city’s
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transport, cultural and housing infrastructure, including the new Aberdeen Exhibition and Conference Centre. An Investment Plan for the city is to be launched in the spring of 2017 and this will set out how Aberdeen will showcase its assets in the future. These include high levels of entrepreneurship, two thriving universities with over 30,000 students, high quality of life scores and great access to the rest of the UK and major European hubs.
Dundee The city has experienced a rush of private sector investment in the £1billion Dundee Waterfront. Leading UK development and regeneration company, Our Enterprise, which has developed a pioneering ‘social
legacy’ business model, is investing £25m to build 91 apartments and create a design and innovation quarter aimed at retaining the city’s graduates on Site 2. Robertson, a leading construction and infrastructure company, is the developer on Site 6 to build flats, premium office space and a hotel on a site adjacent to the new V&A Museum of
V&A COMMERCIAL PROPERTY MONTHLY 2017
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