International Law Firm Pinsent Masons has been
selected by regional development agency Advantage West Midlands to
advise it on the set up of its Regional Infrastructure Fund
(RIF).
The £40m fund will provide critical early
infrastructure support to unlock key developments around the
region, with £9.8million of funding having been approved for
Wolverhampton's Interchange Project.
This appointment follows on the back of Pinsent
Masons key role in advising the South West Regional Development
Agency on the roll out of its RIF which aims to fund major
infrastructure projects in the south west, examples included
bridges, motorway improvements and railway stations.
In September 2008 nearly £61 million of
infrastructure funds for development were announced, to encourage
commercial property developers into the market, and a £13 million
Regional Infrastructure Funding programme that will act as a
catalyst to lever additional funding into projects that might not
otherwise be delivered in current market conditions.
Property Partner Merle Wray leads the team on both
of these projects and said: "RIFs are a major new tool to
unlock infrastructure that is holding back regeneration and
economic development. The projects we are working on have
regional wide benefits which without RIF the current development
market would not be able to sustain. The aim with both funds
is for investment to be recycled as schemes benefitting from the
infrastructure come forward and reinvested in other infrastructure
projects".
Pinsent Masons is an
established, full service law firm with truly international reach,
a reputation for delivering both world class service quality and
excellent value, providing a full range of corporate, financial and
commercial legal services to major UK and international
corporations, institutions and public bodies. The firm ranks
amongst the top 100 global law firms and has well over 1,000
partners and other lawyers worldwide.
- Pinsent Masons' office network includes the major international
business and financial centres of London, Dubai, Beijing, Shanghai,
Hong Kong and Singapore and the key business centres in the UK:
Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.
- The firm also has a strategic alliance with Salans, a leading
international law firm with over 750 lawyers across 21 or more
locations in Western and Eastern Europe, Asia and the United
States.
- Pinsent Masons LLP is a limited liability partnership
registered in England & Wales (registered number: OC333653) and
regulated by the Solicitors Regulation Authority. The word
‘partner’, used in relation to the LLP, refers to a member of the
LLP or an employee or consultant of the LLP or any affiliated firm
who is a lawyer with equivalent standing and qualifications. A list
of the members of the LLP, and of those non-members who are
designated as partners, is displayed at the LLP’s registered
office: CityPoint, One Ropemaker Street, London EC2Y 9AH, United
Kingdom.
- We use 'Pinsent Masons' to refer to Pinsent Masons LLP and
affiliated entities that practice under the name 'Pinsent Masons'
or a name that incorporates those words. Reference to 'Pinsent
Masons' is to Pinsent Masons LLP and/or one or more of those
affiliated entities as the context requires. For important
regulatory information please visit: http://www.pinsentmasons.com/