A portfolio of 13 projects totalling over £5 billion will be unveiled today, 10 November, by Chancellor Phillip Hammond to a delegation led by Chinese Vice Premier Ma Kai.
The group will also meet with Prime Minister Theresa May and Bank of England Governor Mark Carney to discuss forming a "stronger strategic partnership" between the UK and China.
Chancellor Hammond said: "As we seek to take to take the golden era of UK China relations to the next step, we have a major opportunity to open up investment opportunities across the Northern Powerhouse.
"This portfolio, opening up billions of pounds of investment ready projects to Chinese investors, will support our work to grow and create jobs across the north, as well as underpin our ambitions to bring world class infrastructure to every corner of Britain."
Details of the 13 Northern Powerhouse Investment Portfolio projects are as follows:
• AeroCentre, Doncaster: Working with Sheffield Airport in the next phase of development to create new offices, logistic units and aviation hangars
• Future Carrington, Trafford: Opportunities to invest in large scale residential and employment development, providing over 14,000 new jobs and contributing an additional £720 million VA per annum
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• Kampus, Manchester: An opportunity to create new city centre apartments and retail including bars, cafes and shops
• Kirkstall Forge, Leeds: Plans include developing a new neighbourhood of 1,050 new homes, office space, retail, leisure and community space
• Liverpool Waters, Liverpool: The sale of land to develop a full range of uses, as part of an overall £5 billion project which transform the city's northern docks
• MediaCityUK, Salford, Greater Manchester: Investment opportunity to double the size of MediaCityUK, creating studio, office, residential and retail space
• Pall Mall, Liverpool: Working with Liverpool City Council on a major regeneration project delivering 1000 new homes, office space as well as retail leisure and community facilities
• Protos – Ellesmere Port, Cheshire: A range of investment opportunities in gas fired power generation, energy generation, industrial development and rail and berth infrastructure, generating over 3,000 new jobs with first phase along producing £350m GVA each year
• Sirus Minerals, Polyhalite Project, Whitby, North Yorkshire: Investing in the building of the first potash mine in the UK for over 40 years. Full production capacity will be 20 million tonnes per annum, directly creating over 1000 new jobs
• Stockport Exchange, Stockport: Providing funding for Stockport Exchange, a brand new mixed-use destination combining high quality office space with retail, leisure facilities and car parking
• Unity, Doncaster: A major regeneration and infrastructure project that will create 3,100 new homes, a transport interchange, school and community uses. In addition, there is an opportunity to invest in commercial space for manufacturing uses, 6000 new jobs, a new power station and a materials recycling facility
• Vaux, Sunderland: An opportunity to invest in a development providing offices, leisure, a hotel, residential and retail space.
• Advance Manufacturing Innovation District, Sheffield: Investing in an over 2,000 acre centre of excellence for innovation-led advanced manufacturing in metals and materials. Over 4000 new homes will also be created in the district
(LM/MH)
