Core Cities

GVA voice

We aim to lead the debate in discovering why a joined-up approach to infrastructure and investment is critical to economic success, where the investment priorities are for infrastructure, what approach to the allocation of public resources they need from Government and what difference these could make to the regional and national economy.

Here are the latest thoughts from our key people:

Jo Davis, Regional Senior Director, South West

Is connectivity and productivity the answer to realising our core cities true potential?

Jo Davis"The debate about transport and physical infrastructure investments is well rehearsed.

Since 2010, collectively the UK has seen over 60 infrastructure projects completed across energy, sanitation, flood defences, rail, road, port and air. But this £47billion of investment per annum only equates to 1% of our GDP - a fraction of our global competitors. However, as a minimum, maintaining this level of investment for the next 5 years will stimulate economic growth across our core cities and create a platform for improved productivity across our core cities.

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Dale Robinson, Director, Planning development and regeneration, Yorkshire

Importance of infrastructure to the regional economy.

Dale Robinson“For too long decisions on transport priorities within the regions have been in the hands of Whitehall.

This has often been to the detriment of the regions, holding back growth and economic prosperity. The lack of investment is clearly skewed towards London with the government spending more money on transport priorities for Londoners than on those for the rest of the Country combined.

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A summary of infrastructure investment in Glasgow

Over the past 10 years £1.5 Billion has been spent on regenerating Glasgow’s East end this includes the construction of the M74 link from Cambuslang to the Kingston Bridge.

Glasgow City CentreThe M74 link and the secondary EERR ( East End Regeneration Route ) improved transport infrastructure linking east end with the City and providing north south link between M74 and M8/M80.

  • The Riverside building completed in October 2014 now houses the new Police Scotland HQ with 1000 staff in a location historically derelict and contaminated
  • Nearby the Commonwealth Games Athletes Village -700 houses built – 300 for sale & 250 released already and 100% reserved + 400 for rent
  • Total of 6000 houses planned over next 10 years
  • Shawfield/Riverside business district in Clyde Gateway will develop 1 M sq ft
  • Clyde Gateway won RICS 2013 both Scottish and National regeneration project of the year
  • Eastgate Offices 64000 sq ft now occupied by 400 staff from Community Safety Scotland—the building won BCO Commercial Workspace Award last year

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James Kingdom, Research

Infrastructure UK: unlocking core cities and commercial property – key findings.

James Kingdom"The UK is now spending more on infrastructure than it has for over a generation. Maintaining the current level of investment at 1% of GDP improve the scale and quality of infrastructure and the demands made of it, as well as create jobs and growth. For every £1 billion spent on infrastructure, GDP increases by £1.3 billion. For every 1,000 infrastructure related jobs, a further 3,000 are created.

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Carl Potter, Senior Director, Midlands

Leading the horse to water.

Carl Potter"Creating an environment where investment into our regional cities can flourish.

At a simple level the extent of investment will reflect the market’s appetite for risk and return. As the property markets recovered ( not least consequential on the Government’s quantative easing programme ) within the UK, the spread of investment began to move from arguably over-priced London assets, which in the market’s mind reflects a very low risk environment, to those areas considered prime but outside of London.

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