Birmingham plans for £1bn building works
Birmingham has unveiled a 30-year plan to invest nearly £1bn to prepare for, and take advantage of, HS2.
The Curzon Investment Plan is a strategy to regenerate the 141 hectares of land around the planned HS2 Curzon Street Station, led by the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) and Birmingham City Council.
The investment plan envisages the creation of 36,000 jobs, 4,000 new homes, 600,000 m2 of commercial development and connecting the eastside of Birmingham to the rest of the city.
In total, £907m is being allocated to various projects, including the development of Curzon Street Station itself, several new neighbourhoods, offices and shops.
The money is made up of £586.8m from the GBSLEP, which draws funds from business rates within the Enterprise Zone and £137.2m from the new West Midlands Combined Authority.
A further £183.3m will go on Metro extension projects, connecting the eastside of the city to central Birmingham and out to Birmingham International Airport and Solihull, where another HS2 station, an interchange, is planned.
GBSLEP deputy chair Steve Hollis said: “The Curzon Investment Plan is the first major commitment by a local area to maximise the impact of HS2. It outlines how we will use HS2 as a trigger to transform an area of untapped potential in Birmingham’s city core and create thousands of new jobs, homes and places for businesses to thrive.
“This demonstrates clearly what we can achieve in this region by being given the right tools by central government, to unlock our own future economic success.”
The Curzon Regeneration Company is chaired by Liz Peace, the former chief executive of the British Property Federation. She said: “With the Curzon Investment Plan in place, the Regeneration Company can now focus on the task of delivering infrastructure and unlocking the area’s growth potential. The Regeneration Company’s Delivery Board will be bringing together key partners to drive this investment programme.”
Prime minister Theresa May said that she fully supported Birmingham’s plans.
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This article was published on 14 Sep 2016 (last updated on 14 Sep 2016).