A landmark East of England Inward Investment Prospectus has been launched at UKREiiF- the UK’s largest real estate and property conference in Leeds – including a multi-million-pound project in Cambridgeshire.
The Prospectus includes eight ‘investment-ready’ projects across the East, including the Cross Point Logistics Park, near Haddon, just outside Peterborough. In total, the eight projects will be worth £4.2 billion when built.
The initiative is chaired by Ipswich MP, Jack Abbott, as the Government’s Mission Champion for the East of England, and backed by the cross-party East of England All-Party Parliamentary Group (APPG).
The eight projects are:
- Aviva Chesterford Research Park (£500m GDV): a leading location for life sciences in Uttlesford, Essex, seeking the opportunity for expansion to meet significant demand in the Cambridge life sciences market
- Bushey Golf & Country Club – Redevelopment (£116m GDV): redevelopment of the site to deliver a mixed-use scheme of housing, retail and community uses, delivered by Hertsmere Borough Council and a private development partner
- Cross Point Logistics Park (£500m GDV): a proposed state-of-the-art, net zero logistics and industrial park near Haddon
- Greater Brookfield, Broxbourne (£1.1bn GDV): seeking capital investment to unlock enabling infrastructure and accelerating delivery of a mixed-use retail and leisure hub and a masterplanned residential neighbourhood
- Hatfield Innovation Campus (£800m GDV): opportunity for investors to play a pivitoal role in creating a flagship hub for innovation, talent, and economic growth in Welwyn Hatfield
- Portman Road Redevelopment (£120m GDV): opportunity to participate in a regeneration scheme comprised of a state-of-the-art Aquatics Centre, a 150-room 4-star Hotel, and a 750-space Multi-storey car park in Ipswich
- Southend Airport Business Park (£150m GDV): investment opportunities in developing funding and commercial leasing for a high-potential business park to accommodate aviation, logistics, advanced manufacturing and supported uses next to London Southend Airport
- Stevenage Station Gateway (c.£1bn GDV): opportunity to ensure long-lasting investment in the development of high-quality housing, workspace, and improved infrastructure
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Launching the report, Jack Abbott, MP for Ipswich and the Government’s Mission Champion for the East of England, said:
“The East of England has shown time and time again that, given the right backing, we will deliver.
“The eight projects in the Prospectus show the breadth and depth of ambition, innovation and entrepreneurship across our region. It is also real statement of intent, and the first step in a long-term project of renewal and fresh impetus.
“One of my central ambitions is to drive investment into the East of England, because I am ambitious for my town and for our region. I want us to reach our potential and this landmark Prospectus will help us to do exactly that. The East of England means business and so do I.”
Mr Abbott chaired the production of the East of England Investment Prospectus
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Jackie Sadek, Chair of the UK Innovation Corridor added:
“The East of England Investment Prospectus represents far more than a call for investment in projects – it’s a gateway to unlocking the full potential of the region’s most dynamic and future-facing industries.”
“This is a unique opportunity to build on the East of England’s position as a national economic powerhouse and presents a scale of opportunity that extends beyond the built environment. Strategic investment in these eight transformational projects could help accelerate growth in critical sectors like renewable energy, logistics, artificial intelligence, life sciences, and advanced manufacturing – sectors where the region is already making a global impact.”
“By mobilising fresh investment and forging new partnerships, we can supercharge the East of England, helping the region lead the next era of sustainable, high-value growth.”
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Sam Carling, MP for North West Cambridgeshire, said:
“I’m proud to see the Cross Point Logistics Park included in the East of England Investment Prospectus. This project will play to our strengths as a region, tying into Government priorities around the Oxford-Cambridge Growth Corridor to bring a range of jobs into the area that will provide large numbers of Peterborough and Cambridgeshire residents – from all walks of life – with new career opportunities. In doing so, it will also support sustainable transport choices through proximity to new housing, and help to deliver stronger local services by strengthening our area’s economic potential long into the future.
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Andrew Pakes, MP for Peterborough, said:
“The Cross Point Logistics Park has the potential to be truly transformative for our area- not just by attracting significant investment and boosting local businesses, but by creating well-paid, skilled jobs for local people- especially young people- too.
“This prospectus really does show that the East of England is going places. It shows the ambition and drive that we, as local MPs, have for our area and our region and I hope it will be the first of many such projects.”
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Councillor Dennis Jones, Leader of Peterborough City Council, said:
“Having been introduced to Newlands as a result of the excellent work they are already doing in and around Peterborough and Huntingdon, I am confident in their ability to deliver in this excellent location adding to the rich value it will bring to the Cambridgeshire and Peterborough Combined Authority in this area.”