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16th March 2019

Barry Island development site put on show to international investors in Cannes

BY: Nathan Spackman

The Nell's Point development site at Barry Island is being showcased the largest property exhibition in the world, MIPIM, in Cannes this week.

Nells Point development site

The annual ‘Marche International des Professionals d’Immobilier’ (MIPIM) brings together thousands of investors, developers and other property professionals each year and is seen as an opportunity to attract international investment into the UK.

Nell's Point is being promoted by the Department of International Trade (DIT) delegation that is attending the conference as one of the best investment opportunities in Wales.

The Vale of Glamorgan Council's regeneration and economic development teams have worked closely with the DIT to ensure the full potential of Barry Island is on show.

Cllr Jonathan Bird, Cabinet Member for Regeneration and Planning, said: “There is now unstoppable momentum behind the regeneration of Barry. The transformation of the town is perhaps most evident at Barry Island and the nearby Waterfront.

“With such momentum behind our work we felt the time was now right to seek a higher calibre of investor for the Nell's Point site. We want to work with ambitious people with serious plans for the resort.

“The Department of International Trade clearly recognise the potential of Barry Island and the Nell's Point site. That is why it is only one of a handful of Welsh locations in their prospectus. Hopefully attendees at the conference will see it too.”

Further potential investment into the Vale of Glamorgan will also be sought by a delegation from the Cardiff City Region (CCR). The CCR delegation will use the event to showcase the recently launched Industrial and Economic Growth Plan as well as the Vale of Glamorgans Economic Prospectus which will also form part of the CCR display.

The Plan is based on the region’s strengths and maximises its opportunities. It highlights how South East Wales is primed for investment. As the gateway to both Wales and England, it occupies a strategic vantage point and is a key connectivity hub for investment and the flow of goods, technologies, people and ideas.

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