Sheffield Announces Biggest Chinese Investment Deal Outside London

Following their return from a visit to Sheffield’s sister city of Chengdu in China, the Leader and Deputy Leader of Sheffield City Council have announced a 60 year partnership agreement with Sichuan Guodong Construction Group, one of the largest companies in Sichuan Province, and worth over one billion pounds.

The first tranche of funding associated with this agreement is worth in the region of £220 million and will fund four or five Sheffield city centre projects over the next three years. The exact projects that the investment will fund are yet to be determined.

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