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Tracy Brabin leads West Yorkshire trade mission to Switzerland and Germany
Business

Tracy Brabin leads West Yorkshire trade mission to Switzerland and Germany

by February 23, 2026

Tracy Brabin has launched a five-day trade mission to Switzerland and Germany aimed at deepening economic ties, unlocking inward investment and creating new export opportunities for West Yorkshire firms.

The mayor arrived in Zurich at the head of a 12-strong business delegation, marking the first leg of a visit that will also take in Karlsruhe, Heilbronn and Stuttgart. Organised by the West Yorkshire Combined Authority and supported by KPMG, the mission focuses on three priority sectors: financial and digital services, health technology and advanced manufacturing.

Backed by the UK government, the trip is designed to strengthen trade links with two of Europe’s most advanced industrial economies and support thousands of jobs across Bradford, Halifax, Huddersfield, Leeds and Wakefield.

“Europe is our most important trading partner,” Brabin said. “Investment from Swiss and German firms, and exports from our homegrown businesses, support thousands of good jobs across our region.”

A key objective of the visit is to promote West Yorkshire’s £160m Healthtech Investment Zone, which aims to accelerate innovation in medical technology, diagnostics and digital health. The region’s seven universities and strong clinical research base are being positioned as natural partners to Switzerland’s biotech ecosystem.

Delegates will also highlight the strength of Leeds as a financial hub. Often described as the “Northern Square Mile”, the region is home to 30,000 financial and professional services firms employing almost 300,000 people, with institutions including the Bank of England and the Financial Conduct Authority represented locally.

The mayor is expected to stress the opportunities created by the UK-Switzerland Berne Financial Services Agreement and recent regulatory reforms aimed at boosting competitiveness.

Lucy Rigby, Economic Secretary to the Treasury, said the mission signalled that the UK was “open for business” and ready to deepen European partnerships.

In Germany, discussions will centre on AI-enabled manufacturing and sustainable transport systems, areas where Stuttgart and Karlsruhe are seen as global leaders.

West Yorkshire is preparing to launch its landmark Weaver Network in 2027, a major transport integration programme, and is seeking to draw lessons from Swiss and German expertise in rail, engineering and urban mobility.

Business leaders on the trip say the mission offers access to new markets and investors. Carly Walter, chief executive of healthtech firm MAGI, said collaboration with European partners would accelerate product development and regulatory pathways. Representatives from digital firms including The Data City and sustainability consultancy NextGen Zero are also participating.

The trade mission forms part of West Yorkshire’s Local Growth Plan and leverages £2bn of devolved funding to attract additional private investment into transport, housing and skills.

For Brabin, the message is clear: West Yorkshire intends to position itself as an outward-looking, export-driven region competing on the global stage, and sees closer European ties as central to that ambition.

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Tracy Brabin leads West Yorkshire trade mission to Switzerland and Germany

February 23, 2026
Nadhim Zahawi joins UAE-backed fund investing £1bn in Mayfair hotels
Business

Nadhim Zahawi joins UAE-backed fund investing £1bn in Mayfair hotels

by February 23, 2026

Former chancellor Nadhim Zahawi has been appointed a director of a new Middle Eastern-backed investment fund planning to deploy more than £1bn into luxury hospitality projects in London’s Mayfair.

Evolution Investment Fund, launched in 2025 by the UAE-based Shanshal family, has acquired a leasehold interest in the London Marriott Hotel Grosvenor Square alongside a development site near New Bond Street with full planning consent.

The total capital commitment for the two projects, including development costs, stands at approximately £1.1bn. The fund said the acquisitions represent a “significant vote of confidence in London’s long-term growth prospects”.

Zahawi has joined the UK boards overseeing the acquisition entities.

The 237-room London Marriott Grosvenor Square spans nearly 198,000 sq ft and sits in the heart of Mayfair, surrounded by embassies, private members’ clubs and high-end retail.

The second project, located at Grafton Street and Barlow Place, will comprise a 157,000 sq ft scheme featuring 94 hotel rooms and six luxury residences. Designs by Foster + Partners include plans for a 12-storey tower forming part of what the fund describes as an “ultra-prime hospitality offering”.

The Shanshal family, whose business interests span logistics, telecommunications, automotive retail and construction across the Middle East, said the Mayfair investments reflect long-term confidence in London’s global appeal.

Zahawi co-founded polling company YouGov in 2000 before entering Parliament in 2010 as the Conservative MP for Stratford-upon-Avon. He later served briefly as chancellor under Boris Johnson.

In 2023 he was dismissed as Conservative Party chairman after breaching the ministerial code by failing to disclose that HM Revenue & Customs had been investigating his tax affairs. Earlier this year, Zahawi defected to Reform UK.

He said he was “delighted” to join Evolution at what he described as an exciting stage of its development and would use his experience to support the delivery of world-class hospitality assets.

The appointment underscores continued international appetite for prime London real estate, even as higher interest rates and political uncertainty weigh on parts of the UK property market.

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Nadhim Zahawi joins UAE-backed fund investing £1bn in Mayfair hotels

February 23, 2026
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