The East Midlands has a once-in-a-generation opportunity to supercharge its economy and create tens of thousands of new jobs with a landmark development of national and global significance.
New plans could create 84,000 jobs and add billions to the regional economy.
Three developments cover size of three Olympic Parks with transformational opportunities around three main growth clusters: The East Midlands Hub HS2 station, East Midlands Airport and Ratcliffe-on-Soar Power Station.
The UK government has provided an initial £2m to undertake the work needed to shape and establish a new locally-led body, provisionally called the East Midlands Development Corporation.
As chair of the Midlands Engine, Sir John Peace is chairing an Alchemy Board made up of councils, businesses, universities, local enterprise partnerships and the Chamber of Commerce.
In March 2021 the Development Corporation submitted its business case to Government for consideration.
Using the HS2 Hub Station at Toton as the super-connected centrepiece of a new Garden of Innovation featuring a new community and innovation district, setting new standards in 21st-century living, working and connectivity.
Already the UK’s largest airfreight hub, the Airport could be the centrepiece of an Inland Freeport which will provide regional businesses with a lower-cost gateway to international trade post-Brexit.