The Liverpool city region elected its first Metro Mayor two years ago to drive prosperity, encourage innovation, strengthen partnerships and expand opportunities. It has since secured greater powers and funding to invest directly into business, skills, transport and infrastructure, with numerous successful initiatives such as the Growth Hub (SME business support) and the Business Growth Grant.
Regeneration projects worth £14bn are in the pipeline in a city that is already home to major global brands and a world leader in sectors as diverse as maritime and logistics, health and life sciences, energy and the environment, creative, digital and tech, and advanced manufacturing and engineering.
Liverpool’s Pall Mall development will deliver 400,000 sq ft of Grade A office space, while Paddington Village is a landmark £1bn expansion site, creating 1.8m sq ft of science, technology, education and health space.
Management today 2019
Brexit doing little to dampen property investors’ spirits. Currently, Brexit is doing little to impair the motivation of the UK’s property investors and buy-to-let (BTL) landlords, new research has found.
In February 2019, an independent study among more than 500 UK-based property investors to uncover how they are planning to manage their portfolios over the coming 12 months. The findings of this research were published exclusively in the Financial Times’ FTAdviser pages.
One of the standout findings from the research:
- (54%) intend to invest in more real estate in 2019.
- (11%) said they plan on downsizing their portfolios in the year ahead.
- 67%) of people are choosing houses to invest in
- 54% choosing flats
- (39%) property investors keen to access the new build sector
- 24% interest in the student accomodation field
- (34%) of investors are considering commercial (34%)
- 21% saying that semi-commercial real estate is on their radar for 2019.
The research shows landlords and property investors are not receding from the market. The research has also helped to dissipate some of the negative assumptions of what Brexit was predicted to impact the market.
“Tighter tax regulations on landlords and on-going Brexit uncertainty, there have been some doom and gloom predictions about the future of the UK property market. But this independent new research shows that, as an investment asset, real estate is still hugely popular, with a significant number of property investors looking to grow their portfolio further in 2019.”
The future of the Northern Powerhouse
In articles for PBC Today, Bridging Loan Directory and Open Access Government, it is aciculated that there has been some enlivening momentum in the North of England over the past five years. In 2014, the Northern Powerhouse project was announced, ‘the aim of which was to drive economic growth and development in the North of England.’
Research by the Institute for Public Policy Research (IPPR) North found that ‘overall employment in the region has increased by approximately seven per cent, compared to the UK average of just over six per cent. Economic growth in the North has reached 10.7 per cent in the past five years, while the rest of the UK, excluding London, grew by 9.7 per cent.’
What the experts say…
Mr Boris Johnson, elected prime minister in 2019, has said he wants to be “the prime minister who does with Northern Powerhouse rail what we did with Crossrail in London”.
He added: “With private developers constructing new-build developments in high-growth cities like Liverpool, Manchester and Leeds, there is a clear societal demand for these cities to boast state-of-the-art developments and modern infrastructure. By complementing this with clear government leadership and investment, the future of the North will have no bounds.