West Midlands sets out £20 billion of investment plan

UK and international investors and developers have been presented with £20 billion worth of opportunities to invest in a diverse range of housing, commercial, regeneration and infrastructure projects across the West Midlands.

Building on success of previous years, the West Midlands Investment Prospectus 2023 showcases the profile and prestige of investable opportunities across the region.

This includes 29 schemes covering world-leading sectors, transformational infrastructure and exceptional development opportunities within the metropolitan West Midlands and surrounding towns.

More prosperous

The opportunities set out in the prospectus have been identified in partnership with local authorities across the WMCA and reflect the ambition of leaders to level up the region’s cities and towns.

The prospectus offers investors and developers the chance to breathe new life into local communities and deliver transformational growth, putting private and public sector partnerships at the heart of the WMCA’s ambition to become a more prosperous and better-connected region.

Schemes listed within the prospectus include the large scale regeneration of town and city centres diversifying what they can offer by introducing more leisure, office and residential development, including affordable housing to help local people secure good quality homes for rent or purchase.

Town and city centre schemes include:

• Coventry City Centre Cultural Gateway
• Creative Quarter Royal Leamington Spa
• Interchange Commercial District Wolverhampton
• Paradise Birmingham
• Rugby Town Centre
• Shrewsbury Riverside
• Solihull Town Centre including Eastgate
• Telford Town Centre Living Cluster
• Transforming Nuneaton
• Walsall Town Centre
• West Bromwich Town Centre 

During a visit to The Junction – a new housing development on the site of a derelict foundry on the outskirts of Oldbury town centre, Andy Street, Mayor of the West Midlands, said the prospectus offered investors an exciting opportunity to work with the WMCA and local councils to help drive transformational change across the region.

He said The Junction was a prime example of the private and public sector working together for the benefit of local people, helping to provide new homes and jobs while supporting the region’s transition to net zero.

The Junction site, which had lain empty for over 20 years, is being transformed by the WMCA and two of its strategic partners – L&G Affordable Homes and Lovell Partnerships.

Cllr Mike Bird, WMCA portfolio holder for housing and land and leader of Walsall Council, added: “With a combined investment value of over £20 billion, this Investment Prospectus sets out the profile and prestige of opportunities which reflect our ongoing mission to further improve people’s skills and quality of life, support our world beating sectors to drive productivity and innovation and deliver our nationally leading brownfield regeneration programme at scale and pace.

“The prospectus also underpins our drive to provide the affordable, high-quality homes of the future and the modern, low carbon workspaces that local people and businesses need to prosper.

“So we want to hear from investors and developers who share our vision of a better connected, more prosperous, fairer, greener and healthier West Midlands.”