LGA report: Attracting investment for local infrastructure: a guide for councils

28 Oct 2019 02:37 PM

A new guide published by the Local Government Association and Department for International Trade (DIT) provides advice on how councils can use their unique position to attract private and foreign investment into local areas.

Councils have a key role in securing investment in infrastructure. Vital assets such as roads, homes and public buildings provide critical support to local economies and can unlock a community’s potential, enabling residents to access new education, skills, and work opportunities. This local investment is a vital part of the UK’s international success.

As part of the LGA’s wider sector-led improvement offer, and building on the fantastic work already taking place across local government, the report provides all councils with the tools, case studies and guidance to make an attractive proposition for investment in their area.

Some examples include:

Sir Richard Leese, Chair of the LGA’s City Regions Board, said: 

“Infrastructure plays a critical role supporting local communities and the local economy.

“As well as economic infrastructure, there is also a compelling need to invest in new social infrastructure, such as housing, industrial and commercial property, new schools and hospitals, to continue to regenerate and revitalise the UK’s town centres. 

“Councils have proven that they are already leaders of place. This guidance will help councils to attract investment in the right infrastructure to help their communities meet their full potential.” 

Minister for Investment, Graham Stuart MP, said:

“Foreign capital investment has the power to transform local communities, providing high quality infrastructure for residents and creating jobs for local economies.

“This new report is a brilliant starter for 10 for local councils looking to maximise the opportunities private investment can bring to their local area.

“DIT is committed to working with local government to drive private sector investment into regions across the UK to ensure the benefits of foreign capital investment are felt in every corner of the country.”

Notes to editors