Improving the prospects for private finance and investment
in the North is a key objective of The Northern Way.
Our research aims to identify the barriers that are limiting
private investment, whether arising from central government,
local partners or the markets themselves, and to make
recommendations for how those barriers might be removed. In
doing so, we hope to stimulate constructive debate between
policymakers, investors, businesses and researchers.
Following a year long review of the barriers facing private
investment in the North, the Private
Investment Commission published its final
recommendations report in July 2009. The report
acknowledges that the future sustainable economic success of
the North depends upon securing a much stronger role for
private sector investment. Three particular priorities have
emerged:
Promoting Venture
Capital Capacity in the North - Our priority is
to establish the case for regional delivery and long-term
private market capacity-building in the major cities outside
the Greater South East.
Rebuilding Regeneration Momentum - There are now
serious concerns about the long-term health of the market for
private investment in regeneration, alongside a future
squeeze on public resources. There's a real danger that
regeneration momentum will be difficult to rebuild and the
renewal of communities in the North will be left
unfinished.
Securing Private Finance for
Infrastructure. Our priority is to identify
innovative models of finance for funding infrastructure
projects.
