West Midlands mayor Andy Street has launched £10bn worth of housing, regeneration, commercial and infrastructure investment opportunities at MIPIM.
Street unveiled 24 developments across the region, including the £2bn HS2 interchange, an £850m residential-led development at Greater Icknield and Smethwick and £700m of mixed-use development in the city centre at Paradise.
“This £10bn investment prospectus demonstrates the strength of our offer and the boldness of our vision,” Street said. “We are the most promising place to invest in the UK – and, like all good businesses, we have a plan and are delivering it.
“We have a diverse, resilient economy, one of the youngest and fastest-growing populations in Europe, great quality of life, unrivalled connectivity, brilliant centres of learning and world-class businesses, large and small. This provides us with a once-in-a-generation opportunity to drive inclusive growth across the region that benefits all our communities.”
Deborah Cadman, chief executive of the West Midlands Combined Authority, said: “Supported by the UK government’s ambitious industrial strategy, we are building tomorrow’s homes, creating vibrant and thriving mixed-use places, investing in world-class infrastructure and transforming the West Midlands into the UK’s growth capital.
“The West Midlands has all the elements in place to provide investor certainty and strong long-term growth. The region is open for business and the time to invest is now.”
The schemes
The opportunities, presented on behalf of the region as part of a new West Midlands Investment Prospectus, include:
- £2bn+ UK Central Hub and HS2 Interchange – a 346-acre development creating a sustainable urban quarter, including thousands of homes, commercial and leisure facilities and unrivalled connectivity around the West Midlands’ second HS2 station.
- £350m+ City Centre South Coventry – an urban mixed-use development with significant residential, retail and leisure components.
- £800m DY5 Dudley’s Business and Innovation Enterprise Zone – new opportunities in mixed-use industrial, residential and office developments.
- £700m Friargate Coventry – office-led mixed-use and multi-phase development in central Coventry.
- £850m Greater Icknield and Smethwick – a significant residential-led mixed-use development at the heart of the West Midlands region.
- £700m Paradise Birmingham – a high-quality mixed-use development that introduces new public realm to a historic city centre setting.
- £250m Brewers Yard Wolverhampton – key city centre mixed-use regeneration site adjacent to Wolverhampton railway station and Wolverhampton University.
- £300m Walsall Town Centre – town centre mixed-use development including new office, retail, leisure, residential and mixed-use town centre projects.
- £1bn+ Birmingham Curzon – mixed-use development centred on a new HS2 station in central Birmingham.
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