Politicians and city leaders in Sheffield believe the multi-million pound plans for a Chinese development near London Road could act as a catalyst for even more investment.
Deputy Prime Minister and Sheffield Hallam MP Nick Clegg said it is an ‘outstanding’ chance for Sheffield to move forward and build on a strong business relationship with China.
“As a city we should do everything within our power to grab this opportunity with both hands,” he said.
“This significant inward investment could see major improvements to parts of the city centre, create hundreds of new jobs, and act as a catalyst for even more investment.”
Paul Blomfield, Labour MP for Sheffield Central, said: “This is a major investment that will allow Sheffield to strengthen links with China and encourage further investment within the city.
“It will provide a significant boost to the economy through the creation of jobs, and by attracting more people to live, work and eat in the area.”
Speaking at the development’s announcement launch at The Copthorne Hotel on Bramall Lane yesterday, Coun Leigh Bramall, cabinet member for business, skills and development at Sheffield Council, said: “What is particularly exciting is that it builds on some of the strengths Sheffield has already got. We have an existing Chinese community in the London Road area just around the corner from here.
“London Road is a bustling cosmopolitan corridor and I think a development such as this can take it to the next level.
“I think it’s important for cities, when they are seeking to attract talented and innovative people to a city to want to grow the economy, that we have developments such as this.
“For example, we have the area at Kelham Island which is beginning to grow quite rapidly and is attracting these kind of people to Sheffield, and I think this kind of development will do the same – so I support the ambitions and aims of the project.”