Detetcive Posted July 21, 2016 Share Posted July 21, 2016 OK, but before we all get carried away... ... what's in it for them? Why does anyone want to invest so much money in a foreign country that is allegedly going to the dogs, and more especially Sheffield, a city that has missed the boat on so many levels? Even more worryingly, the council will decide where all this money is to be spent! And some people think Brexit is going to be bad news... You think a £1bn investment in the city is bad nesw? FFS Link to comment Share on other sites More sharing options...
Mr Bloke Posted July 21, 2016 Share Posted July 21, 2016 You think a £1bn investment in the city is bad nesw? FFS Obviously not, providing we're not selling the family silver! I think giving the council a free hand to fritter away a £1bn investment on their pet projects might be though! Link to comment Share on other sites More sharing options...
smiggs Posted July 21, 2016 Share Posted July 21, 2016 Yep, I get all that... ... but I'm sure this money is not going to be some sort of charitable gift. If I was investing a billion pounds in anything, then I'd definitely want a say in how it was to be spent, and I'd also be wanting something tangible in return. It's still not clear to me what that something tangible is... I don't see any of this as a problem really they'll want a return in cash and a say in how their money is spent. Capitalism shouldn't be complicated. Link to comment Share on other sites More sharing options...
Guest makapaka Posted July 21, 2016 Share Posted July 21, 2016 Yep, I get all that... ... but I'm sure this money is not going to be some sort of charitable gift. If I was investing a billion pounds in anything, then I'd definitely want a say in how it was to be spent, and I'd also be wanting something tangible in return. It's still not clear to me what that something tangible is... They won't give the council the money to spend. They will spend it as they see fit to maximise the return. The investment will then have secondary benefits for the City - improved employment /economy / amenities etc. Link to comment Share on other sites More sharing options...
truman Posted July 21, 2016 Share Posted July 21, 2016 They won't give the council the money to spend. They will spend it as they see fit to maximise the return. . That's not what Julie Dore said on TV..... she said it was up to the council to decide where to spend it ,it's also in the papers "“The projects funded by this investment will be determined by Sheffield city council, " https://www.theguardian.com/society/2016/jul/21/sheffield-lands-billion-pound-china-deal-to-create-hundreds-of-jobs Link to comment Share on other sites More sharing options...
SkylinePhoto Posted July 21, 2016 Share Posted July 21, 2016 It seems the chinese love Sheffield with more & more coming each year. We have the universities to thank for that. I personally welcome them with open arms. Those students seem lovely, they integrate well and never cause any problems. Not sure what the appeal of Sheffield is but if you go to places like Castleton it is full of chinese people on day trips etc....so it might be Sheffield's location to the British countryside that they love. And Henderson's Relish. Link to comment Share on other sites More sharing options...
tzijlstra Posted July 21, 2016 Share Posted July 21, 2016 Yep, I get all that... ... but I'm sure this money is not going to be some sort of charitable gift. If I was investing a billion pounds in anything, then I'd definitely want a say in how it was to be spent, and I'd also be wanting something tangible in return. It's still not clear to me what that something tangible is... What has always attracted investment? Land. The council owns large tracts of inner city (prime) land, presumably that will be sold to this group. The group builds new buildings and rents/leases those out. It has the option to keep hold of the land as well. ---------- Post added 21-07-2016 at 09:50 ---------- That's not what Julie Dore said on TV..... she said it was up to the council to decide where to spend it ,it's also in the papers "“The projects funded by this investment will be determined by Sheffield city council, " https://www.theguardian.com/society/2016/jul/21/sheffield-lands-billion-pound-china-deal-to-create-hundreds-of-jobs No doubt with a veto/input close in place though. Link to comment Share on other sites More sharing options...
alchresearch Posted July 21, 2016 Share Posted July 21, 2016 It seems the chinese love Sheffield with more & more coming each year. We have the universities to thank for that. I personally welcome them with open arms. Those students seem lovely, they integrate well and never cause any problems. Agree. The Chinese have been part of Liverpool for years, and their presence and partnership is welcomed there with open arms. http://www.ft.com/cms/s/0/d964702c-84a5-11e5-8095-ed1a37d1e096.html http://www.liverpoolecho.co.uk/news/liverpool-news/200m-homes-shops-plan-set-9609013 Link to comment Share on other sites More sharing options...
dutch Posted July 21, 2016 Share Posted July 21, 2016 It seems the chinese love Sheffield with more & more coming each year. We have the universities to thank for that. I personally welcome them with open arms. Those students seem lovely, they integrate well and never cause any problems. Not sure what the appeal of Sheffield is but if you go to places like Castleton it is full of chinese people on day trips etc....so it might be Sheffield's location to the British countryside that they love. And Henderson's Relish. Sheffield is very simple and relaxed, it gives the chinese a pleasant break from the stressed polluted environments they live in. They give that money just out of appreciation to have a place to go to where they can live calmly again. Link to comment Share on other sites More sharing options...
Revel Posted July 21, 2016 Share Posted July 21, 2016 Fantastic! Link to comment Share on other sites More sharing options...
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