Home Business Business News
China in £125m investment pledge
Mar 5 2008 by Barry Turnbull, Liverpool Daily Post
THE North West will regain its position as Europe’s leading textiles centre following a £125m investment pledge by China.
Chinagateway in Wigan will cover 1m sq ft and include manufacturing, distribution, conference facilities and an international hotel.
It will home to many Chinese companies in an area that was the cradle of the textile industry revolution in the 19th century. News of the deal comes just days after Prime Minister Gordon Brown expressed a wish for the UK to be the main location for Chinese overseas investment.
It is expected to create at least 1,000 jobs.
Hot Deals
Copyright and Trade Mark Notice © 2008 owned by or licensed to Trinity Mirror North West & North Wales Limited. Liverpool Daily Post™ is a trade mark of Trinity Mirror North West & North Wales Limited. Please read our Terms and Conditions and Privacy Statement before using this site.
The Liverpool Daily Post, the best source for Liverpool FC, Everton FC and Liverpool news. Your Liverpool Daily Post, great local images, videos and your local stories.