The private sector: Delivering for the north
Thursday 17 March 2022 14:15-15:00
Invest Newcastle, Stand C19.C
Back in February the Levelling Up the United Kingdom White Paper was unveiled. Setting out the next steps towards levelling up opportunity in the UK. Private sector must be at the heart of tackling inequalities and Newcastle has already been attracting attention from national and global investors who are committed to making a social and economic impact on the region. And of course, levelling up.
While many welcome the funding that will be devolved to local areas and the acknowledgement of the importance of pan-regional partnerships, private sector investment is vital in making this happen. Newcastle welcomed the approval of two multi-million-pound bids from government and the relocation of 9,000 HRMC staff to the city centre, but what role can the private sector play and how can we support them to do it?
The BBC has committed to spend £25m on programmes in North East England over the next 5 years – a much needed boost for the regions production industry and a signal of commitment to levelling up opportunity in the North. The £300m takeover of Newcastle United and a £358m investment from ASM Global in an international venue for world class business and entertainment will be transformational for the North East and those who call it home, helping to attract further investment and opportunity. This event will put a spotlight on these investments and discuss their role in the city’s future.
Official figures have also revealed that Newcastle, has one of the fastest growing tech sectors in the UK and The Levelling Up Tech Power League listed them 8th fastest growing city in the UK. The city has also been attracting a record number of inward investors withing the digital and tech space, with global firms such as MonstarLab, Arctic Wolf, Xplor and Thoughtworks creating hundreds of jobs and opportunities. How can the North make better use of inward investment to support levelling up?
In the heart of Newcastle’s city centre, Newcastle Helix is a state-of-the art city centre quarter dedicated to helping people live better lives. This unique partnership between Newcastle City Council, Newcastle University and Legal and General demonstrates the impact you can have when the public sector, academics, and like-minded businesses collaborate. This event will discuss the role this development has played in delivering Newcastle’s economic and social ambitions and how our world-leading universities can help rebalance the economy.
- Jennifer Hartley | Director, Invest Newcastle
- Bill Hughes | Head of Real Assets, Legal & General Investment Management
- Sebastian Shehadi | Author, Political Editor and Senior Editor. Investment Monitor
- Jane Robinson | Pro-Vice Chancellor of Engagement and Place, Newcastle University
- James Hall | Executive Director, MonstarLab
- Pat Ritchie | Chair, Government Property Agency