Monday July 17th 2017

HS2 decision is a significant boost for investment and business confidence

Central government today announced that Sheffield City Centre is the approved route for High Speed Rail 2. The route will provide two trains an hour between Sheffield City Centre and London. It will slash journey times between Sheffield and the South of England.

Sheffield BID wholeheartedly supports this announcement. More than 80% of BID businesses are in support of HS2 coming here

HS2 is important for the future growth of Sheffield city centre. It must be located where it can provide the greatest economic impact, connectivity and job opportunities.

This announcement will help redress the imbalance between transport services in the North and the South. Sheffield is rapidly becoming the top choice for investors (nationally and internationally) as the recent surge in office space uptake has demonstrated. If investment on infrastructure is not made, that reputation could be at risk. A strong, vibrant centre with first class connectivity, is critical to the city’s future success.

Diane Jarvis, Sheffield BID Manager said: “This is a significant boost for investment and business confidence. The decision supports longer-term regeneration and economic development.

“One of the BID’s aims is to create a vibrant city centre that attracts more visitors and benefits residents, businesses and employees.  The visitor economy is growing quickly thanks to the Outdoor City reputation and hosting of world class events.

“But HS2 doesn’t just benefit the visitor economy. It is also vital to encourage businesses to invest in or relocate to Sheffield. A city centre location with good public realm and quality office space will attract inward investment from major employers who want to benefit from HS2 high speed stations, lower costs and fast access to the Capital.”

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