An exciting future ahead for Sheffield

The Sheffield region has shown huge signs of growth in the last decade thanks to the vast amount of inward investment being injected into the city’s infrastructure, brand new leisure opportunities and business expansion. Here are some of the most exciting projects that are happening in and around the city this year.

An exciting future ahead for Sheffield

Boeing

This week the world’s largest aerospace firm, Boeing announced the beginning of the ground-breaking construction of its first European production facility in the city. The 6,200-square metre manufacturing plant will be built on the Sheffield Business Park and will cost around 20 million.

It is expected to open towards the end of 2018 and will be used to manufacture actuation system components for Boeing’s Next-Generation 737, 737 MAX and 777 aeroplanes.

This large investment shows that Boeing is supportive over Sheffield’s long-term commitment to growth with the leader of Sheffield City Council, Julie Dore commenting: “This is Boeing’s first factory in Europe, a decision that is testament to the great skills, research and infrastructure we have across the region. We work with global leaders, national agencies and local partners to attract world leading firms like Boeing. Sheffield means business.”

Already employing over 2,300 people in the UK, the Boeing project will bring brand new employment opportunities to Sheffield city region and tempt many other talented professionals to the city from other parts of the UK.

McLaren

Earlier this year, Sheffield city council approved for a £50 million factory to be built for the luxury supercar manufacturer, McLaren which hopes to bring over 200 jobs to the city. This is an exciting prospect for the city with Prime Minister Theresa May identifying the automotive industry as an integral part to UK’s industrial strategy when Britain leaves the EU.

The manufacturing plant, which is to be built on the edge of Sheffield will operate by 2020 and be responsible for building carbon-fibre chassis for McLaren supercars in the future. Sheffield city council has shown its support for this investment by contributing £12 million towards the project. According to the University of Sheffield, this new production facility will provide £100 million boost to the UK economy.

Meadowhall extension

As well as boosting its relationship with world-leading companies, Sheffield is looking to improve the quality of life for its residents with several retail projects taking place over the next few years. The Meadowhall already plays an integral role in the success of the city’s economy but with the addition of the Leisure Hall, it is hoping to attract people from the UK and other parts of the world. The £300m extension will create around 1,550 new jobs as well as 550 temporary jobs during construction.

These impressive projects will be working alongside many other major developments to ensure that the city is being steered in the right direction. These include the Sheffield retail quarter, The Moor and the University of Sheffield’s advanced manufacturing research centre. With Sheffield looking to boost many areas of their economy in the coming years, the future of the city is looking incredibly bright.

Are you looking to invest in Sheffield? Contact us today to find out about our available opportunities in this fantastic city!


Get in touch

*We respect our clients' privacy. Your personal details will not be shared with third parties.