Burnham launches £700m scheme to revive stalled industrial sites

Summarised from 2 outlets · Updated 3 Nov, 02:26 · Archive

Andy Burnham has unveiled a £700 million package to help revive stalled industrial and commercial sites across the UK.

Andy Burnham has launched the Strategic Sites Accelerator, a £700 million package to revive stalled industrial and commercial developments across the UK. The programme aims to attract up to £2 billion in private investment and could support tens of thousands of jobs over time.

Mayors and local leaders will be central to identifying up to 10 commercially viable sites with strong investor demand. The scheme will remove barriers to investment including planning constraints, difficulties securing grid connections, and limited access to finance. Between six and 10 nationally significant projects are expected to receive support through loans, equity stakes, targeted grants and technical expertise. Applications for the scheme remain open until 19 January 2027.

Eligible sites span sectors including science parks, advanced manufacturing, defence, digital and technology, and life sciences facilities. Potential sites are already being explored in areas including Glasgow, Burgess Hill, Sheffield, Greater Manchester, West Yorkshire, West Midlands, South Yorkshire, Liverpool City Region, the North East and Cardiff Capital Region. The Office for Investment and the National Wealth Fund have been united under a single programme, with commercial property firm CBRE appointed as its national delivery partner. Chancellor John Healey said the scheme will help 'break down barriers to local growth' by trusting local leaders with 'real power and resources'.

How it is being reported

• Andy Burnham unveils £700m plan to drive re-industrialisation in fresh devolution pushAndy Burnham has launched a £700million package to accelerate reindustrialisation across the UK as part of his latest devolution drive. The Strategic Sites Accelerator will deploy public capital to revive up to 10 major industrial and commercial developments that have stalled despite being commercially sound and backed by strong investor interest. The programme targets up to £2billion in private-sector funding and could generate tens of thousands of jobs over time, according to Labour Regional mayors and council leaders will be central to the initiative, tasked with pinpointing investment…GB News · 3 Nov, 02:06
• Burnham unveils £700m million to drive re-industrialisation in latest devolution pushThe Strategic Sites Accelerator will deploy £700 million, alongside expert support including planning, grid connections and access to financeThe Independent · 2 Nov, 00:06

In this story: Andy Burnham · John Healey · CBRE · Office for Investment · National Wealth Fund · Greater Manchester · Glasgow · Sheffield

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