Buy-to-Let Property Investment in the Northern Powerhouse

What is the Northern Powerhouse?

Launched in 2014 by the UK’s then Chancellor of the Exchequer George Osborne, the Northern Powerhouse is a government-led initiative to fully realise the economic potential of the North of England.

Building a Northern Powerhouse is focused on super charging the local economy by investing in skills, innovation, transport and culture, in addition to devolving significant powers and budgets to directly elected mayors to ensure decisions in the North are made by the North.

What cities does the Northern Powerhouse initiative include?

The Northern Powerhouse focuses on the cities of Liverpool, Manchester, Leeds, Sheffield, Hull and Newcastle in addition to the surrounding towns, where the government in backing business growth providing them with the power and resources they need to reach their potential.

The Northern Powerhouse is a prime example of a multi-regional area that is the focus of the government to narrow the economic and wealth divide between the North and south of England. For a long while the Northern parts of England have not attracted investment into infrastructure and transportation links, compared to investment into London and its surrounds.

Significant Investment in Regeneration

Between 2015 and 2020 the government spent over £13 billion improving and modernising northern transport, which was a record level of investment and there is a huge amount of work being planned and delivered between towns and cities across the north-west, north-east and Yorkshire and Humber.

From major visionary schemes like Northern Powerhouse Rail and HS2, the first new north-south railway in this country for over a century, to local road and rail upgrades to improve everyday journeys and better connect lives, jobs and communities.

Economic Powerhouse

If the Northern Powerhouse region was a country, it would be the eighth largest economy in Europe.

The Northern Powerhouse is globally recognised as home to billions of pounds worth of opportunities for international investors covering a variety of sectors from energy, automotive, aerospace, tech, advanced manufacturing, life sciences, financial, business, professional services and digital, with nearly 40,000 new jobs created between April 2015 and March 2018.

The UK government is committed to supporting international investment into property development and infrastructure projects, and the Northern Powerhouse region has exciting capital investment projects in a variety of industries.

International demand for high quality, innovative products and services from Northern businesses is rapidly growing with £59.6 billion worth of goods exported overseas in the year to March 2019.

The Northern Powerhouse is recognised across the world as an established, globally competitive and thriving economic area with ambition for growth.

Why is this good for Buy-to-Let property investment?

The Northern Powerhouse is a key driver to achieve our three fundamentals with buy-to-let property investors able to capitalise from:

✓ Regeneration attracting significant investment

✓ Industry and company migration as large businesses move into the area

✓ Strong economic growth and forecast economic growth

✓ Job creation

✓ Undersupply of properties

Explore our Northern Powerhouse buy-to-let property investment:

• Manchester Buy-to-let Property Investments

• Liverpool Buy-to-let Property Investments

• Sheffield Buy-to-let Property Investments

• Leeds Buy-to-let Property Investments

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