Peel Group offers full support to deliver Northern Powerhouse

The Peel Group has confirmed its strong support for the Northern Powerhouse and encouraged the public and private sector partners to work together to bring balance the UK economy.

Peel has identified 150 projects throughout its investment portfolio, which are located within the Northern Powerhouse and launched a consultative document ‘Peel in the Northern Powerhouse’, which champions new communication between business, Government and other Northern-based partners.

The Peel Group is a privately-owned investment enterprise, working across a range of sectors, including land and property; transport and logistics; retail and leisure; energy and media.

The Group’s investment portfolio across the North includes Robin Hood Doncaster Sheffield Airport, Manchester’s MediaCityUK and the Port of Liverpool, as well as Liverpool’s John Lennon Airport and Durham Tees Valley Airport.

Peel has invested over £150m to develop Doncaster Sheffield with a further £12m funding for an infrastructure project to build a new link road to the airport. Robin Hood is the fastest growing airport outside London.

John Whittaker, chairman of The Peel Group, who has written to both the Prime Minister and the Chancellor of the Exchequer, said: “We have a long-term vision for our investments and believe that coupled with the Government’s growth policies and direct investment in infrastructure and skills, our investments can make an important contribution to the aims of the Northern Powerhouse.”

For the past 25 years, Peel has been known to make significant contriubtions into northern regeneration projects, with total investments of over £5bn, supporting 70,000 jobs.

There is an additional commitment of £1bn of investment underway, in partnership with others.

John Whittaker added: “We believe that the Government is making great strides in facilitating a new approach to Northern growth. However, it is clear that more needs to be done to give the private sector the confidence and ability to deliver in the North, across a range of issues such as transport and logistics, communities, energy and resources. We very much look forward to working alongside our many partners, local authorities and the Government to help deliver the Northern Powerhouse.”

Peel is planning to publish an investment prospectus in early 2016, setting out in more detail the contribution that Peel and its partners can make to the North.

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