GARRATT: CHINA SET TO INVEST IN NOTTINGHAM
16 September 2010
China is ready to push the button on investment into Nottingham, according to Tim Garratt, who joined the Nottingham delegation visiting the Shanghai Expo recently.
Tim Garratt, director at commercial property specialists Innes England, said: “My key message to the East Midlands business community is that this place [China] means business.”
Garratt joined delegates from Nottingham City Council and local private sector representatives in Shanghai visiting the £35.5m World Expo. The group will also visit the University of Nottingham campus at Ningbo.
Garrett added: "This has been a fascinating trip; I have learned a lot about both Shanghai and Ningbo. My key message to the East Midlands business community is that this place means business. The growth seen here over the last few years is staggering. There is little sign of any let up.
“Nottingham is extremely well regarded here - partly as a result of the university connections, but also because of the work done by the City Council over a number of years.
“The World Expo was a great springboard in attracting local business to the seminars held and subsequently a trip to Ningbo had a business matching event. These companies are looking to invest in the UK.”
China is seen as crucial towards the economic future of the region, and the group is meeting Chinese business with an interest in the East Midlands.
In 2009 the East Midlands exported £33.5m of goods to China, an increase of around 15.5 per cent from 2008.
For further information contact:
Tim Garratt, Director of Asset Management