Yorkshire leaders join Osborne to target Chinese investment

George Osborne is leading a trade delegation to China
George Osborne is leading a trade delegation to China
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ATTRACTING CHINESE investment to Yorkshire will be one of the key goals of a trade delegation led by George Osborne next week.

Leeds City Council leader Judith Blake as well as Sheffield City Council’s leader, Julie Dore, and chief executive, John Mothersole, will join the Chancellor on the week-long trip.

Business leaders will also be on the trip designed to showcase business opportunities in the North of England to Chinese investors.

The visit to China is part of the Chancellor’s ‘Northern Powerhouse’ initiative aimed at transforming the economy of the North by helping it compete on the global stage.

Mr Osborne said: “Step by step the Northern Powerhouse is becoming a reality, bringing with it a unique chance for Chinese companies to match our ambition by investing in the huge opportunities there are right across the North.

“Forward thinking Chinese investors are already choosing to make investments in the Northern Powerhouse, with many already happening including the hugely ambitious work at Manchester Airport.

“With global investment an important catalyst to grow and create jobs across the North we must ensure that the world knows the North is open for business.”

Council leaders from across the North will take part in the trip along with three Cabinet ministers and several junior ministers.

Coun Blake said: “This visit to China along with other council leaders from across the north allows us to build on our existing strong relations with Leeds’ partner city of Hangzhou as well as looking to raise the profile of the city and meet potential new partners for trade and investment in Shanghai and Chengdu.

“This is vital for the future economic development of Leeds and the wider city region, as we need to be as prominent as possible when the key stakeholders in one of the world’s largest economies consider their future global investments.

“As the visit has been arranged by the UK government, it will also be beneficial to further develop our relationships with senior Treasury figures on the trip, so I am looking forward to an interesting and productive next few days.”