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George Osborne is to announce plans to transform the North of England into an economic "powerhouse" with an investment of up to £15 billion.Mr Osborne will unveil plans for new "money, infrastructure and science" in the north which will form the "centrepiece" of his Autumn Statement later this year.In a speech in Manchester at the unveiling of a report by local authorities, Mr Osborne will say:"I give you this personal commitment. Work with me over the coming months and together we will make a reality of the plan I've set out for the Northern powerhouse. "I'm ready to commit new money, new infrastructure, new transport and new science. And real civic power too."Today I'm setting out the northern powerhouse, so we can deliver a real improvement in the long term economic performance of the north of England. "This will be the centrepiece of my Autumn Statement – and part of our long-term economic plan for the country."Source/full storyThis has got to be great news for property investors! Investment, Communication, and Infrastructure are key drivers of capital growth and tenant demand.Related content:Discussion about the North/Side divideThe North/South "yield" divide Invest in the North West!Dealing with LHA up north is "poles apart" from dealing with LHA down SouthIs there a "cultural" difference between BTL up North and down South?Student accommodation rentals show North/South divide
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
(05-08-2014 12:52 PM)propertyinvestmentbuzz Wrote: Will big business always be attracted to London?
(05-08-2014 06:20 PM)Martin McGrath Wrote: One word of warning though, Evan Davis says that it's relatively easy to enhance and promote further growth in an existing cluster, but it's very difficult (perhaps impossible) to manufacture a cluster where one doesn't already exist.
It would be a big financial commitment to make it happen, but I would suggest that the bones of it are already in place - the nucleus of the cluster is already there. It might take a generation, but I think it's the one region in the UK that form an alternative to London and the SE.
(05-08-2014 11:19 AM)Vanessa Warwick Wrote: This has got to be great news for property investors!
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