With MIPIM 2018 commencing in just a matter of days, real estate businesses and moguls from around the world are preparing to gather in Cannes. Amongst them is Leeds City Region, with the most sizable City Region outside of London and the South East preparing to lead its largest private sector delegation to the four day festival, to showcase its success, strengths and ambitions.
Leeds City Region has flourished dramatically over recent years, with a wealth of businesses choosing to invest in the area. The region is now looking to boost the presence of the city and surrounding areas to an international audience of investors, developers and business in attending at MIPIM 2018. The sheer scale of opportunities available in Leeds City Region includes access to nearly 40,000 graduates in the largest higher education cluster outside of London, over 7 million people within an hours drive and providing a faster pace of FDI growth than the UK average.
Leeds City Region encompasses over 119,000 companies, which are responsible for generating 5% of England’s £64.6 billion economic output, securing it’s spot as a key global economic powerhouse and bringing this region’s economy alone higher than nine European countries. With economic growth spread across a vast spectrum of companies and sectors, the region can present potential and current investors with a wider variety of opportunities for both sustained and rapid growth.
Value for money
It is widely recognised that living and working in the North of England offers significantly increased affordability across property, travel and operating costs – in fact, operating costs in the Leeds City Region can be as much as 28% lower than the South East of England. Supported by strong local economic growth outlook, high quality of life and abundance of talent and exceptional connectivity; operating in and around Leeds can offer investors value for money of office space and cost of staff.
Transport and Connectivity
Located in a central position, Leeds offers unrivalled access to airports, motorways and rail links to London, with the capital accessible in just over 2 hours on high-speed cross-country trains. The region also boasts excellent distribution network for the rest of the UK and further afield in Europe. With further infrastructure investment projects planned to ease the flow of people and resources into the city, the region looks to become even more effectively connected in the next few years. The plans for the HS2 will connect Leeds, Birmingham and London and will reduce the journey time to the capital to around 82 minutes. The development of HS2 is likely to bring in around 19,700 potential new jobs, and boost the local economy by £7.8billion each year.
Talent and Culture
As host to an abundance of highly skilled and future-focused individuals, Leeds City Region also boasts nine world-class universities and is hailed as the largest producer of graduates in STEM, in the North of England. Not only can the region offer access to an abundance of pipeline talent, but the area also hosts a vast pool of native multi-linguists, offering a competitive edge to businesses.
Leeds is renowned for being steeped in culture and rich in diversity, which only further supports the growth of local communities and fuels local events and festival. From Opera North and the Northern Ballet to the annual Leeds West Indian Carnival, the region offers accessibility and compelling ways to experiences the regions heritage and diversity.
Why choose Leeds City Region?
There are a plethora of reasons behind brands choosing to locate to the Leeds City Region – with the area boasting the highest growth within the UK for private sector jobs. The current FDI in Leeds City is currently expanding at an accelerated rate above the UK national average with the areas inward investment strategy focusing on four key value propositions. These sectors are considered the strongest in the areas, delivering unique opportunities to invest in financial and professional services, healthcare and life science, manufacturing and digital technology.
MIPIM 2018: Leeds City Region programme
The Leeds City Region MIPIM programme, opening on Tuesday 13th March, is packed with events and talks designed to educate both UK-based and international investors, developers and business. With a key focus on transport investment, technology and the future of the region, there are numerous informative events taking place across multiple locations, including the LCR stand, the Yorkshire Bar and elsewhere within the festival. For more information about the Leeds City Region at MIPIM 2018, click here.
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