Investors presented with £20bn of West Midlands opportunities
The West Midlands Combined Authority (WMCA) has presented potential investors with £20bn of opportunities, including town centre redevelopment schemes.
In the WMCA’s 2023 West Midlands Investment Prospectus, the combined authority said it wanted to put the region “on the global stage”.
The group has offered investment opportunities in a number of cities and towns, including: Birmingham; Coventry; Dudley; Nuneaton; Royal Leamington Spa; Rugby; Shrewsbury; Solihull; Stratford-upon-Avon; Telford; Walsall; West Bromwich; and Wolverhampton.
Current projects include Birmingham Curzon, a 141 hectare mixed-use regeneration project in the city centre, and Solihull Town Centre, which is set for development in the retail, commercial, and housing sectors.
The prospectus also outlines future projects, such as the Coventry City Cultural Gateway, a mixed-use transformation of a former Ikea, and the Martineau Galleries in Birmingham, where proposals outline the development of almost 1.4 million sq ft of retail, leisure, and office space.
Andy Street, mayor of the West Midlands, said: “With a combined investment value of over £20 billion, this Investment Prospectus sets out the profile and prestige of opportunities, which have grown following recent events such as hosting the hugely successful 2022 Commonwealth Games. The West Midlands is driven by assets such as our young, skilled and diverse workforce, key growth sectors, Internationally-renowned higher education institutions, and outstanding connectivity which will be underlined by the arrival of High Speed 2.”