Arif Patel, a prominent figure in Preston, UK is well known for his investment in real estate and textiles. His recent shift to philanthropy has funded many social impact based startups in Dubai. Arif is now turning to his hometown Preston in UK to expand his initiative and launch an investment firm that funds local businesses with a cause.
Where it all began
Arif’s educational journey began at the University of Central Lancashire in Preston, England. With a thirst for knowledge and a passion for excellence, he completed his Bachelor’s degree, laying the foundation for his future endeavours. Driven by his ambition to succeed , his business family intincts and his desire to contribute to society, Arif continued his education at Heriot-Watt University in Edinburgh, where he obtained a Master’s degree in Petroleum Engineering. This strong academic background, coupled with his innate entrepreneurial skills, formed the basis for his tremendous growth.
The growth story
Arif Patel played a pivotal role in the growth of the local economy in Preston. establishment and success of various ventures. In 2001, he co-founded Preston Trading, a dynamic company specialising in oil and gas exploration, production, oilfield services, engineering, and mining. Under his exceptional leadership, Preston Trading has achieved remarkable success and created 400 jobs in the neighbourhood. Arif’s vision, determination, and ability to seize opportunities have set him apart as a lead ..
Making the shift into philanthropy
Throughout his career, Arif made significant contributions to charitable causes and the local economy through his philanthropic endeavours. With a passion for giving back to the community and a keen eye for strategic investments, Patel started investing in businesses with a cause in 2012. He saw that big cities and large corporations are backed by a lot of philanthropic investors but small towns in UK , Dubai and India do not get alot ..
Some of his initiatives include
Education:
Recognising the importance of education, Patel has established scholarship programs and sponsored educational institutions to ensure access to quality education for disadvantaged students. His contributions have helped numerous aspiring individuals achieve their academic goals, empowering them to pursue successful careers. He has now opened up 4 fully sponsored college scholarships to a local ..
Healthcare:
Arif Patel’s charitable initiatives extend to the healthcare sector, where he has made notable contributions to support medical research, fund hospital equipment, and improve healthcare facilities in Dubai. However , he feels with public access to healthcare being scarce in small towns like Preston, there is a need for privatisation of emergency clinics. He has a keen interest in investing in private clinics, preventive drugs and telemedicine that ..
Real Estate:
While Uk’s economy and real estate market is growing exponentially , small towns like Preston show a mere 2.5% growth. With very few local businesses and tourist attractions – the only economy that shows potential is Real Estate according to Arif. He has transformed neglected properties into community homes, he plans to create affordable housing for thousands of locals by launching the first ever rent to own residential project.
Job Creation:
Patel has initiated a project to launch a shopping mall and manufacturing unit for surgical supplies in the local area which will create thousands of jobs. His past investments in edtech will help upskill the workforce in Preston which is a much needed breather after the bout of unemployment post covid. He has also launched an initiative called Investlancshire to help small businesses get funded.
Why Preston ?
Arif Patel’s decision to invest in Preston is driven by a deep personal connection. Arif Patel’s hometown, Preston holds a special place in his heart. His emotional attachment to the city motivates him to give back to the community that has shaped him and supported him throughout his journey.
Moreover, Arif recognizes the economic potential of Preston. He sees opportunities for growth and development in various sectors, including real estate, infrastructure, and small businesses. Investing in Preston allows him to create employment opportunities, support local businesses, and contribute to the overall well-being of the community.
By transforming neglected properties into vibrant commercial and residential spaces, he aims to enhance the city’s aesthetics, attract further investments. Arif concludes by saying something very touching.
“I invest in causes that build the future but I find investing in a city that shaped my future very urgent and compelling”
Disclaimer: This article has been produced on behalf of Arif Patel by Mediawire team.