Hull and East Yorkshire Launch New Investment Initiative to Boost Economic Growth

In an exciting development for the region, Hull and East Yorkshire are coming together to boost investment and stimulate economic growth. The Hull and East Yorkshire Combined Authority is collaborating with Hull City Council and East Riding of Yorkshire Council to create a more attractive environment for investors. This partnership aims to harness the unique strengths of both local authorities to present a unified front, making it easier for businesses and investors to engage with the area.

New Initiative: Invest Hull & East Yorkshire

For the first time, the initiative called Invest Hull & East Yorkshire provides investors with a single point of contact. This means that instead of having to deal with multiple agencies, investors can now approach one central body that offers:

• Coordinated leadership
• Development expertise
• Support for delivery

This streamlined approach is designed to make the process of investing in the region simpler and more efficient. According to Luke Campbell MBE, the Mayor of Hull and East Yorkshire, "This new approach makes it easier for investors to work with us. It means we can bring in jobs, growth, and new opportunities for communities across Hull and East Yorkshire."

Showcasing Opportunities at UKREiiF

The partnership will be introduced at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), taking place in Leeds in June 2023. This event will serve as a platform to showcase a variety of investment opportunities available across the region. It will also connect potential investors with local leaders and delivery partners, enhancing collaboration and communication.

Strong Economic Foundations

Hull and East Yorkshire boasts a robust economy valued at around £16 billion. This impressive figure is supported by a solid industrial base that includes:

• World-class ports
• Advanced manufacturing facilities
• Secure energy production

These sectors not only provide jobs but also attract further investment, reinforcing the region's status as a place that gets things done.

Exciting Investment Projects

There is a strong pipeline of investment opportunities currently in the works, including:

• Regeneration projects in Hull
• Major industrial sites across East Yorkshire

These projects aim to revitalise the area, create jobs, and enhance the quality of life for residents. The region's Freeport sites also contribute to its appeal, offering simplified customs processes and development-ready land situated on the UK's busiest trading estuary. This makes it easier for businesses to operate and thrive in the area.

Coordinating Growth Across the Humber

Luke Campbell MBE also serves as the co-chair of the Humber Growth Board, which plays a crucial role in coordinating investment opportunities and shaping a consolidated economic strategy across the Humber region. This collaborative effort aims to align the goals of various stakeholders to ensure that the region maximises its potential for growth and development.

Invitation to Investors

With this new initiative, Hull and East Yorkshire are sending a clear message to potential investors: the region is ready and eager to welcome new opportunities. Luke Campbell emphasised this by stating, "We’re ready to work with partners who share our ambition. If you’re serious about investing in our region, the conversation starts here." This invitation highlights the proactive approach being taken to attract investment and foster economic growth.

As Hull and East Yorkshire embark on this new journey, the focus remains on building a strong, unified, and investor-friendly environment that can lead to lasting benefits for the local communities. The upcoming UKREiiF event will be a key moment in showcasing what the region has to offer and setting the stage for future investment.