Minister backs cities alliance
Brown urges Chinese to join investment mission in Scotland
Cities and infrastructure Secretary Keith Brown, today urged China to join international investors in backing multi-billion pound projects being developed by Scotland’s seven cities.
A delegation from Property Developers Inward Mission in China was among potential investors in £10 billion of urban infrastructure schemes at the MIPIM UK event in London.
Mr Brown said he wanted them to appreciate the potential for growth that exists in Scotland. Projects requiring investment range from hotels to residential and include some of the biggest developments in the country. Among them is the next phase of the Gyle business park and the Haymarket development in Edinburgh and brownfield sites in Glasgow.
They are represented by the Scottish Cities Alliance, a collaboration of local authorities and planning officials.
Mr Brown underlined the importance of the public and private sector working together to attract investment money to Scotland’s cities, creating jobs and opportunities for growth.
He said: “Attracting new investment and enterprise to Scotland and supporting those already here is critical to out future success.
“The latest Ernst & Young survey shows Scotland remains the most successful part of the UK outside London in attracting foreign direct investment.
“Scotland is already an attractive destination for business and inbound tourism, and we want to open up Scotland to key and emerging markets to capitalise on the opportunities that exist for developments across cities and sectors.
Mr Brown visited the MIPIM UK Scotland stand in advance of a delegation from the to discuss the range of investment opportunities available across Scotland’s key cities.