Plans To Make Sheffield A ‘Gateway To The North’ For Chinese Investors

Legal Experts Praise City’s Commitment To China

29.07.2016

Kate Rawlings, Press Officer | 0114 274 4238

Legal experts at national law firm Irwin Mitchell have welcomed pioneering plans to make Sheffield a base for Chinese investment in the north, by setting up a ‘world-class’ business gateway.

Sheffield Chamber of Commerce and The University of Sheffield‘s Confucius Institute revealed the plans just one week after the city council confirmed a landmark 60-year partnership with the Sichuan Guodong Construction Group.

The Confucius Institute at the University of Sheffield is a partnership between the university, the Office of Chinese Language Council International, Beijing Language and Culture University and Nanjing University.

Key members of the university are currently in Nanjing, China, promoting Sheffield.

The Sheffield Chamber of Commerce has been working with the Confucius Institute towards making Sheffield the landing place for China in the North by using the strong existing links with the country through the University, Sheffield Council and existing investors.

One example of this is the Chinese backed New Era development currently under construction. The huge project to build a Chinatown in Sheffield will include a 20-storey building and features shops, food and drink outlets, student flats and office space.

Paul Firth, Regional Managing Partner at Irwin Mitchell in Sheffield, welcomed the plans.

Expert Opinion
Figures from our latest UK Powerhouse report show that the economic gap between the north and south is growing.

Encouraging inward investment from overseas, like Sheffield is currently managing to do, will help pave the way towards addressing economic rebalancing and could be a deal breaker for the Government’s Northern Powerhouse plans succeeding.

Like the city leaders in Sheffield, we are also committed to helping to facilitate this kind of investment from China and welcome news of deals like the one announced with Sichuan Guodong Construction Group, last week.

These are exciting times for Sheffield and we look forward to playing an integral part of building bridges between the city and China.
Paul Firth, Partner