The September 2022 Growth Plan published last week includes a number of Investment Zones, one of which may be Cheshire West and Chester.
Investment Zones (page 17) mean “the government will work with the devolved administrations and local partners to introduce Investment Zones across the UK”, “Investment Zones aim to drive growth and unlock housing”, and “Areas with Investment Zones will benefit from tax incentives, planning liberalisation, and wider support for the local economy”.
Cheshire Pension Fund is one of the largest of the 86 Local Government funds in England and Wales, with significant investing power, valued at £7 billion, with over 100,000 local government members in Cheshire West and Chester, Cheshire East, Warrington, and Halton.
We agree that local investment is the key to local growth.
We have argued consistently for investment locally.
However, we show here that the CPF property portfolio contains nothing in Cheshire – the areas covered by our own CPF. The CPF Property Portfolio for the end of the financial year 2021/2022 is on the CPF website at Investment holdings | Members (cheshirepensionfund.org)
In December 2018 our Press Release no 7 showed the CPF Property Portfolio – we say little has changed since 2018.