15/06/2017

Belfast City Council Seeking To Invest In Office Developments

Belfast City Council are inviting proposals for a new £18.77 million city centre investment fund, which aims to encourage high quality office developments in Belfast.

The council is seeking to invest in high quality, substantial city centre office developments and has called for expressions of interest from companies who have secured planning permission for their projects.

Belfast Lord Mayor Councillor Nuala McAllister said: "Our City Centre Regeneration and Investment Strategy highlighted that the lack of Grade A office space in Belfast city centre is currently a real barrier to growth.
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"We've made a commitment in the Belfast Agenda to create 50,000 more jobs in the city by 2035 – and to do that, we need to attract more investment. By taking this partnership approach with the private sector through the City Centre Investment Fund, we can remove some of the risk for developers, and make Belfast a much more attractive option for them.

"As Lord Mayor, my focus this year is very much on creating a Global Belfast – and the launch of this fund will lend fresh impetus to our world class ambitions for our city."

Interested parties are invited to register to attend an information workshop on Friday, 30 June, from 2-4pm at 9-21 Adelaide Street in Belfast or calling the City Centre Development team on 028 9062 0202.

There will be three stages in the City Centre Investment Fund application process. In the first stage, companies are asked to submit an Expression of Interest form, outlining their scheme and their experience by a deadline of 12 noon on Friday, 18 August 2017. Shortlisted applicants will then be invited to progress to the subsequent stages.

(MH)

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