Latest News Wed, Mar 20, 2019 8:10 AM
The British Chambers of Commerce (BCC) and Legal & General have published a major report detailing how best to boost investment in our towns and cities across the UK, looking at current investment barriers and how unlocking further investment will help them to grow.
The report, titled Building the Towns and Cities of Tomorrow, looks in detail at eight cities across the country, and finds that despite the positives associated with urban regeneration, the complex issues facing our towns and cities require action across many fronts
The economic weight of London brings challenges and opportunities, an entrenched problem is the real or perceived lack of prospects – with post-industrial towns not providing or showcasing the opportunities for ambitious careers.
The report highlights a ten-point framework to unlock investment in UK towns and cities, but ultimately, those places themselves must determine their own future, and local business communities, local government and other key decision-makers can create the conditions to allow that investment to happen.
The framework calls for places to:
Dr Adam Marshall, Director General of the British Chambers of Commerce (BCC), said: “There is no doubt that our great towns and cities face several structural challenges. Economic imbalances, a shortage of housing, and declining air quality are all major obstacles. Local councils also face significant budgetary constraints – so it is crucial that innovative ways of funding investment are sought.
“It is vital that government takes a long-term view, and not seek to patch things up with short-term fixes. Crucially, this report shows that real success will be delivered when central government truly enables places and business communities to determine their own future, based on the deep-rooted knowledge they have of their local area.”
Nigel Wilson, Chief Executive, Legal & General: “Creating vibrant Future Cities is key Britain’s economic growth and prosperity. Devolution enables local leaders to develop a compelling vision for each of our cities as great places to work, live and play, while the abundance of global investment capital can bring these visions to life.
"We have invested £15bn in the UK’s great cities, including those in this report, and we will invest more. There is a dual return from these investments: a financial return for pension savers and investors, and a growth boost to local economies. This report shows how more investment can be made, adding to productivity and providing a cities framework for new growth businesses and high-skilled jobs.”
Featured News
Conex Bänninger, a global leader in the manufacture of high-quality fittings, valves...
Wates, which manages repairs and maintenance for over 500,000 homes on behalf of 65...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
FRAMESAFE FR A2 FIRE...
By Glidevale Protect
A Guide to Aluminium...
By F.H. Brundle
Handrailing & Balust...
By F.H. Brundle
RLG600 Access Floori...
By Kingspan Data & Floo...
RHG600 Simploc
By Kingspan Data & Floo...
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...
The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...
Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...
CONSTRUCTION VIDEOS - LATEST VIDEOS
Straightcurve® Product Range Overview - A Demonstration of Installation Ease
In progressive and dynamic business sectors, such as construction, it’s natural to be forward...
Decorative aluminium horizontal bulkheads more than 100 metres long have been supplied and installed...