Tens of thousands of jobs and up to £2 billion in private investment over time will be targeted across the UK, as our regions are backed with a £700 million package of support to help drive reindustrialisation.
The Strategic Sites Accelerator will deploy around £700 million alongside expert support to help unlock up to 10 major industrial and commercial sites across the country, helping some of the UK’s most promising investment opportunities get off the ground.
The Accelerator will focus on commercially viable sites with strong investor demand, where government backing can help overcome the barriers stopping development from moving ahead.
It will tackle the key barriers holding back high-potential sites that could support Britain’s reindustrialisation. That includes everything from access to finance, grid connections, and planning constraints, removing the blockers that can cool would-be investors.
The Accelerator will support sites in a range of ways, from loans and equity and targeted grant funding to technical expertise, bringing government, local partners and developers together to tackle specific barriers.
Chancellor of the Exchequer John Healey said: “Local leaders know their communities best. Only by trusting them with real power and resources will we see change.
“This £700 million package is helping break down the barriers to local growth, so people can feel the benefits of a growing economy and love where they live.”
Business Secretary Jonathan Reynolds said: “Britain’s potential is everywhere, but we hear the same old arguments all too often – outdated infrastructure, insufficient access to finance, and problems with planning.
“These are barriers that hold back investment, block new jobs, and shackle our potential, and we need to do more to empower our local leaders and help drive the growth their communities deserve and expect.
“This programme will get the ball rolling for up to 10 of the UK’s most important potential sites, attract billions in investment, unlock tens of thousands of good-quality jobs in the years ahead, and bring good growth to every postcode.”
The Accelerator is already engaging on potential sites in Glasgow, Burgess Hill and Sheffield with technical support and expertise, and will back our Mayors and local authorities with blended finance across the country.
This includes exploring investment opportunities in Greater Manchester, West Yorkshire, West Midlands, South Yorkshire, Liverpool City Region, the North East, Glasgow City Region and Cardiff Capital Region – building on the National Wealth Fund’s strategic partnerships in these regions.
The Accelerator will also be open to sites across every nation and region of the UK, from science parks and manufacturing sites to innovation districts held back by viability constraints.
Bringing together the Office for Investment and the National Wealth Fund, with CBRE as its National Delivery Partner, the Accelerator will work with investors, developers and regional partners on commercially credible sites where there is genuine market demand, using finance and technical support to tackle the specific barriers preventing investment or development from going ahead.
No10 North will work alongside the programme and local leaders to support the government’s wider drive to identify investment opportunities across the country. This includes working closely with the Accelerator to exchange pipelines of priority projects in support of the National Economic Council.
Marking a major step forward for the Government’s Industrial Strategy, the scheme aims to unlock up to 10 strategic sites across the UK’s high-growth sectors like advanced manufacturing, digital and tech, defence, and life sciences.
Jobs in tech and digital in particular can attract salaries upwards of £45,000 – well above the UK national average. That means secure, good paying jobs that will put homegrown talent at the heart of the industries driving growth and create new opportunities for business and communities for decades to come.
The Accelerator marks the latest step in government’s drive to see good growth in every postcode following the Chancellor’s Budget last week, alongside new powers and resources for mayors and local leaders to attract game-changing investment into their communities.
It will also help drive the growth of sectors which are already transforming our economy. In Life Sciences for example, £4 billion of investment has flooded into the sector since July 2025, while our technology sector is currently valued at more than £1 trillion.
Iain Jenkinson, Head of CBRE’s UK Public-Private Capital, said: “The Strategic Sites Accelerator is a market-necessary vehicle for unlocking and accelerating our country’s sites of national, and indeed international, importance.
“The essential combination of the Office for Investment and National Wealth Fund’s capital capabilities and financial and technical skills, supported by our role as National Delivery Partner, will deliver a next generation of strategic investment sites that will respond to the challenge laid down in the Industrial Strategy.”
