Chinese investment in Thorpe Park project

George Osborne is on a trade mission to China
George Osborne is on a trade mission to China
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The major extension of Thorpe Park which promises to create thousands of jobs moved a step closer after Chancellor George Osborne unveiled a new China investment deal.

Mr Osborne confirmed Hualing Industry and Trade Group will invest in the scheme as he visited the Chinese firm’s headquarters in the Xinjiang region.

The Thorpe Park extension is a large scale office, retail and leisure development led by Yorkshire property firm Scarborough Group which could create 3,000 construction jobs and a further 10,000 when businesses move into the site.

Roads built as part of the project will also unlock land for thousands of new homes.

Mr Osborne is on a trade trip to China with business and council leaders from the North including Leeds City Council leader Judith Blake.

He wants to encourage more Chinese firms to invest in the North as part of his ‘Northern Powerhouse’ project to make the economy of the North of England stronger.

Mr Osborne said: “We are building an ever closer relationship with China – it’s a partnership that is set to unleash growth and help regions like Xinjiang where we know investment can make a real difference, as well as unleash new growth back home, in places like our own Northern Powerhouse.”