West Midlands Mayor Unveils £10 Billion Prospectus for the Region
Posted by Stuart Hackett on Tuesday, March 20, 2018
West Midlands Mayor Andy Street set out an exciting prospectus of £10 billion worth of construction opportunities at this year’s MIPIM event in Cannes, France.
The proposal itself sets out 20 exciting developments that are set to take place in the West Midlands area in the near future, which range from improved transport links through to numerous regeneration projects throughout the region. These plans reinforce what look to be exciting times for the West midlands region. With Birmingham set to host the Commonwealth games in 2021 and nearby Coventry recently being chosen as UK’s City of Culture for 2021. The area looks to set for a huge transformation and those involved in the region’s construction industry should be licking their lips at the amount of opportunities that are coming up.
The 20 schemes are as follows:
- UK Central Hub and HS2 Interchange (£2Bn)
- Redditch Gateway (£100m)
- Paradise (£550m)
- MIRA Technology Park – Southern Manufacturing Sector (£150m)
- Interchange Commercial District and Canalside Living Quarter (£150m)
- i54 Western Extension (£600m)
- Friargate Coventry (£700m)
- Birmingham Curzon (£1Bn)
- Birmingham International Station Integrated Transport Exchange & International Quarter (£1.5Bn)
- City Centre – South Coventry (£400m)
- Commonwealth Games Athlete’s Village (£180m)
- Greater Icknield & Smethwick (£850m)
- Birmingham Life Sciences (£400m)
- Bescot Friar Park (£100m)
- M6 Junction 10 Cluster (£300m)
- Solihull Town Centre (£200m)
- Springfield Campus (£125m)
- DY5 Enterprise Zone (£800m)
- Dudley Town Centre (£110m)
- Walsall Town Centre (£300m)
Full details on all planned developments can be viewed in the West Midlands Combined Authority Prospectus.
All of the developments set out on the prospectus are planned to start by 2018, therefore this is not something we will have to wait decades to take effect. These are exciting plans to regenerate the West Midlands region and attract more businesses in order to stimulate local economic activity.
Mayor Street was quoted as saying; “We are a region of growth and innovation and we have all the fundamentals in place for successful investment along with the determination and talent to deliver.”
He added, “That’s why the UK government is backing us to deliver, our local authorities are backing us to deliver and the private sector is backing us to deliver.”
Maxim Recruitments UK Head Office is based in nearby Leicestershire and have a strong presence in the West Midlands area. We expect to be an integral part of the supply chain when it comes to finding the best talent to deliver such schemes and welcome enquiries from construction professional in the West Midlands region interested in securing alternative employment.