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14/03/2019

£10bn of West Midlands investment opportunities outlined

Words: Laura Edgar
West Midlands / iStock-110925060

Mayor of the West Midlands Andy Street has launched a £10 billion investment prospectus at property exhibition event MIPIM. This includes housing opportunities.

The prospectus comprises 24 development opportunities located across the region – all of which are seeking investment.

They include:

  • £2 billion+ for the UK Central Hub and HS2 Interchange: a 140-hectare development that aims to create a sustainable urban quarter, including thousands of homes, commercial and leisure facilities.
  • £250 million for The Brewers Yard in Wolverhampton: a mixed-use regeneration site near to the train station and the university. 
  • £700 million for Friargate Coventry: an office led mixed-use and multi-phase development in central Coventry

Street said: “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.

“This £10 billion investment prospectus demonstrates the strength of our offer and the boldness of our vision. We are the most promising place to invest in the UK – and, like all good businesses, we have a plan and are delivering it.”

Deborah Cadman, chief executive at the West Midlands Combined Authority (WMCA), added: “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 West Midlands Investment Prospectus is available here on the WMCA website.

Image credit | iStock

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