This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Major investment in West Midlands facilities announced

16 March 2018

Councils in the West Midlands have announced funding of up to £10bn to redevelop areas around new High Speed Two rail stations in the region.

Included within this will be new office, retail and residential developments around Birmingham International and HS2 stations in the city centre, with the new high speed rail line due to open in 2026.

Representing local authorities in the area, the West Midlands Combined Authority (WMCA) is aiming to attract both domestic and overseas investors to support the creation of new facilities.

In addition to potential investment in the centre reach of more than £1bn, additional schemes include the Wolverhampton city centre Canalside redevelopment and extension of the current Jaguar Land Rover manufacturing park.

Metro tram extensions will also be delivered by WMCA, using government funding it was allocated last November.

West Midlands mayor Andy Street said the area was proving increasingly popular with foreign investors, showing particular interest in its manufacturing operations.

Further good news was provided by Chancellor Hammond in his Spring Statement, confirming the region would receive £350m funding for new housing to assist in aims to build 215,000 new homes by 2031.

Print this page | E-mail this page



View more articles
Article image

Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the r...
Article image

New company now running Interserve business

Following its entering into administration at the end of last week, the Interserve business has now been transferred to a new company owned by its lenders....
Article image

YLOTY2018 winner comments on his success on the night

This year's PFM Awards Young Leader of the Year winner, Kristian Trend, gives his reaction winning the award after receiving his trophy on 7 November at Th...
Article image

Conference programme confirmed by The Facilities Event

Speakers at The Facilities Event will include idea-generators, thinkers and FM experts, including three PFM Awards judges and the Overall Winner of the PFM...
Article image

Is ‘HOTELISATION’ the key to customer experience in property?

MIPIM is over for another year, and it was a whirlwind of innovation and new developments within the industry....
Article image

HS2 looks to contribute to district heating systems

Engineers working on the HS2 "super-hub" at Old Oak Common in north west London have stated that they can recover the heat from high-speed trains...