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12/03/2018

£90m investment for Coventry developments

Words: Laura Edgar
Coventry train station / Shutterstock_421278970

The West Midlands Combined Authority (WMCA) has announced that it will invest £90.4 million in two schemes in the centre of Coventry.

Phase 1 of the Friargate development, located next to Coventry train station, will receive £51 million.

The Friargate masterplan is for a mixed-use redevelopment of 26 acres of land that aims to provide a new business district for Coventry, with the potential to create up to 15,000 jobs once complete.

Phase 1 comprises five office blocks and a hotel – One Friargate is already complete and occupied by Coventry City Council.

The train station is undergoing redevelopment, with the WMCA investing £39.4 million towards the £82 million total cost.

The scheme for the current grade II-listed station will see new facilities built, including a second station building, a 644-space multistorey car park and a new footbridge that will connect all platforms.

A new platform will mean a more frequent service can be run between Coventry and Nuneaton, while a six-bay bus interchange with provisions for rail replacement services and highway improvements also feature in the plans. Completion has been schedule for 2020.  

Andy Street, Mayor of the West Midlands, said: “Exciting schemes such as these are part of the reason why Coventry is a city on the up, especially with it winning UK City of Culture in 2021.

“The more we can do to stimulate economic growth in the region with schemes like this to create jobs and prosperity, the better for people living and working here.”

George Duggins, leader of Coventry City Council, said: “Our station is the fastest growing outside London and we are keen to help ensure Friargate gets moving. This cash will help with this, so it’s great news.

“Coventry is a fine city at the very heart of the UK so we need to make sure that our transport links are fit for the future so we can continue to attract investment and create jobs for local people. And by investing in Friargate we hope to ensure that building gets under way soon.”

The WMCA has also promised £20 million towards the building the Commonwealth Games Village in Perry Barr, Birmingham.

The money will come from the WMCA Brownfield Land and Property Development Fund, which was created to bring brownfield land back into use for new housing, industrial and commercial development across the region.

Birmingham is set to host the 2022 Commonwealth Games. The city council announced in February that it plans to build around 1,000 homes to accommodate up to 6,500 competitors and officials.

Image credit | Shutterstock

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