Collaboration is Nottingham’s kingmaker, says Ware

Nottingham stands at the cusp of an extraordinary opportunity, with the major regeneration schemes at The Island Quarter and the Broad Marsh providing a once-in-a-generation opportunity to transform the city. In his latest blog, Robert Ware, chief executive of The Conygar Investment Company explains how a collaborative approach gives the twin developments the potential to reinvent and reimagine the city post-pandemic.

Alongside the Broad Marsh, The Island Quarter has been included as part of Nottingham City Council’s bid for the government’s Levelling Up Fund, which will be used to support the infrastructure that can make a huge difference to the Nottingham community through jobs and opportunities.

For The Island Quarter, receiving this funding would allow us to accelerate the significant infrastructure work that is already happening on site, meaning we can more rapidly deliver on the hundreds of jobs and new homes – as well as the significant amounts of private sector investment – the development will bring.

Backing from the Levelling Up Fund would be a huge boost for both projects, which will support our city as it deals with the short-term shock of Covid-19 and the long-term trend of declining external investment.

Nottingham is a young, diverse and vibrant city, with a rich history envied the world over. When we first took on the derelict former Boots Island site in 2016, we were struck by the huge potential of the city, with two of the best universities in the country and some of the UK’s most successful businesses on its doorstep.

Despite this, the city has its significant challenges. The average salary for someone living in Nottingham is 12% below the UK average, with life expectancy a whole three years below other areas of comparable size.

While we aren’t naïve enough to think that receiving investment from the Levelling Up Fund or building The Island Quarter is a silver bullet to solve all of the city’s problems, we believe that through collaboration with Nottingham City Council and the Broad Marsh, huge steps can be made.

Both projects have the potential to generate major investment, creating jobs and opportunities for people and businesses in Nottingham, Nottinghamshire and the wider East Midlands region as well as support the city’s ambition to be carbon neutral by 2028.

We need central government to recognise the huge potential this great city has. Being able to demonstrate support from local partners and stakeholders could make all the difference to Nottingham’s bid, and we encourage anyone supports it to make their voices heard.

Through collaboration – not competition – these two significant sites can act as a catalyst to generate and increase investment into the city, bringing in further development and regeneration that will help Nottingham reach its rightful place as a top tier city.

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