Investments will build on our international appeal10 July 2012
One of the most noticeable changes in the UK's economic landscape since the financial crisis has been the significant drop in public spending.
Long-running funding streams which had a trickle-down impact on regional and local economies have been remodelled, scaled back or halted as Government seeks to tackle a national budget deficit.
Yet a long-term push to secure investment for the expansion and improvement of key infrastructure in Nottingham has paid off to the point where the city finds itself in an almost unique position.
At a time of challenged public finances, Nottingham is looking forward to:
A £570 million investment in the construction of two additional lines to the existing Nottingham tram network - a network that will carry more than 20 million passenger journeys a year. The new lines will link a vital transport artery to 1,270 workplaces to which 55,000 people commute.
A £60 million scheme to transform the Nottingham Railway Station into a transport interchange linking rail, tram and road transport.
A £170 million scheme to turn the A453, Nottingham's southbound link to the M1 motorway and East Midlands Airport, into a dual carriageway.
A scheme to develop one of the first of the new Enterprise Zones on surplus land around the Alliance Boots campus at Lenton , offering potential to create up to 10,000 jobs.
There are also proposals for a £50 million clean technology business park at Bulwell; a £30 million scheme for a pioneering new residential development at Sandfield Village in Nottingham; and a £16 million investment in improving the ring road.
On top of that, Nottingham City Council is working closely with key partners in the retail industry to draw up detailed plans for the expansion of the city's retail offer, intended to build on its position as the fifth-biggest shopping destination outside London.
Yet there is more.
Only last week, these confirmed plans were joined by another £60 million package of funding which will specifically support key planks of the Nottingham Growth Plan.
Nottingham was one of only six locations nationally to receive funding under the terms of the Government's City Deal, which has been drawn up to allow major cities to push forward with precisely the kind of initiatives which Nottingham was already developing under the terms of this Growth Plan.
These investments will make Nottingham not only one of the most attractive investment opportunities nationally, but also internationally.
Nottingham's status as an international investment location was confirmed in March when members of the Team Nottingham delegation at MIPIM, the world's biggest property and investment exhibition, accepted an award from the Financial Times' FDI Intelligence division, which ranked it as one of the most business-friendly cities in Europe.