The Northern Powerhouse has helped push the UK to become the ninth most attractive nation for infrastructure investment, rising four places since 2012.
- The UK is now the ninth most attractive country in the world for infrastructure investment
- Plans to link northern cities such as Manchester, Liverpool, Leeds and Sheffield with London via HS2 will create a combined regional economy of 16 million
- Growth through the Northern Powerhouse has opened up numerous new opportunities for investors in the north of England
The Northern Powerhouse has played a key role in propelling the UK up one place in the Global Infrastructure Investment Index.
The index, published May 3rd by Arcadis, shows the UK is now the ninth most attractive market in the world when it comes to attracting infrastructure investment. Rising four places since 2012, the UK now ranks amongst the highest risers in the entire index.
Plans to link cities including Liverpool, Manchester, Leeds and Sheffield together with London via HS2 will drive the combined regional economy of around 16 million people and ensure the north of England, and consequently the UK, remains an attractive market for infrastructure investment.
Jonathan Moore, Arcadis City Executive for Manchester, said: “This is a very exciting period for the north, as the impact of the Northern Powerhouse begins to deliver long term economic growth and various related infrastructure programmes.
“With this in mind, as a ‘virtual city’ the north of England will need to be connected to realise true economic value. Faster connection times are vital to this and large scale investment is expected.”
Taking into account factors such as infrastructure demand, ease of doing business, risk and capacity to deliver, the index places the UK in ninth position, ahead of all other European nations except Norway and Sweden.
The stable and relatively low-risk nature of the UK’s business environment, coupled with the government’s renewed commitment to major infrastructure through the likes of HS2, Crossrail 2 and the newly-announced HS3 are all set to open up opportunities to potential investors.