Infinity Park Derby was the talk of MIPIM earlier this year in March, with the launch of the 100-acre commercial and technology park, and its selection as one of only 33 schemes included in UK Government’s first Midlands Engine Pitchbook.
Located next to Rolls-Royce civil aerospace HQ, Infinity Park Derby is a prime development site with Enterprise Zone status, which gives companies the opportunity to take advantage of business rate discounts and enhanced capital allowances. The first building on site – the £11.8m iHub – will open its doors this spring, and talks are already underway with its first tenants. The link road between the site and the A50 will open this spring.
The Midlands Engine Pitchbook is a collaboration between the 11 Midlands LEPs and the Government’s UK Trade & Investment (UKTI), as it sets out its stall to win £14billion from global investors as part of its plan to be one of the world’s leading regional economies. The 33 schemes included can create 178,000 jobs, 32,000 new homes and 57.9 million sq ft of property space for the region.
Never before has the Midlands come together on such a global scale. Launching the Pitchbook to an attentive MIPIM audience were Sir Michael Bear, chairman of UKTI’s Regeneration Investment Organisation, and Andy Street, managing director of John Lewis, and chairman of the Greater Birmingham and Solihull LEP. Andy Street encouraged investors to seize the opportunities and said “The Midlands is undergoing a remarkable economic resurgence, underpinned by talent, infrastructure and support that the region offers to businesses large and small.”
Peter Richardson, chair of D2N2, said “The Midlands has invested heavily in its transport infrastructure, turning the UK’s best connected region into an investment hotspot”.
Andy Street - “Midlands Engine is not about a grand strategic plan; it’s about local drive set in a collaborative environment.”
New Infinity Park Derby marketing collateral revealed at MIPIM shows the support of its close neighbour and partner in the joint venture, Rolls-Royce. Colin Smith, President of Rolls-Royce says “Rolls-Royce is keen to see UK advanced engineering and manufacturing SMEs grow and become more competitive and capable suppliers to OEMs such as ourselves. Infinity Park Derby will be an attractive location in which these developing companies can grow.”