Northern Powerhouse to benefit from new partnerships with China
David Cameron plans to help open up "lucrative" links for businesses in the north through deals such as first direct flights from Manchester to China
David Cameron has announced that businesses in the North are to benefit from new partnerships forged with China, in the wake of Chinese President Xi Jinping’s state visit to Manchester.
Amongst the partnerships to boost the so-called Northern Powerhouse include a deal for first direct flights from Manchester to China with Hainan Airlines; which will provide an estimated £50m boost to the city’s economy and open up “lucrative” business links.
Other agreements include a joint innovation and entrepreneurship competition between The University of Central Lancashire and the Shenzhen government and a partnership between Uppingham School and Hainan Airline & Tourism Group to set up five schools in China.
Elsewhere, Blackburn-based supplies company Promethean World is to be acquired by Hong Kong-based Netdragon Websoft for £84.8m.
Cameron commented: “We are committed to rebalancing our economy and building a Northern Powerhouse. China is a key trading partner for the UK and the partnerships being made today will see real investment going into the north.
“This is all part of this government’s plan to attract more investment and deliver economic growth to an area of huge potential”.