The West Midlands has launched a UK-first, proprietary investment platform targeting £19 billion worth of regeneration from the national and global developer community.
Launched by the Mayor of the West Midlands, Richard Parker, Site Selection WM maps more than 64 of the region’s most significant development and occupier sites using real-time data, including planning status, land use, investment type and local amenities and transport.
The renewed impetus to place the West Midlands at the forefront of UK growth showcases sites, including masterplans surrounding the West Midlands’ HS2 terminals; town-centre renewal projects; a range of affordable housing-led schemes; and innovation-focused employment land schemes.
Specific regeneration projects include:
- Smithfield Birmingham: A £1.9 billion regeneration of 17 hectares in the city’s centre.
- Arden Cross: A £3.2 billion development project spanning 140 hectares, centred around the first HS2 Interchange Station outside London.
- West Bromwich Town Centre: A multi-phase regeneration project, supported by the largest allocation of Towns Deal funding in the UK of £25 million.
The platform also highlights the West Midlands Investment Zone (WMIZ), which blends a mix of capital investment, tax incentives, and business support programmes – the Coventry-Warwick Gigapark, the Birmingham Knowledge Quarter, and the Wolverhampton Green Innovation Corridor.
Richard Parker, mayor of the West Midlands, said the site marked a step-change in how the region engages the global investor community, such as American financier and Birmingham City FC owner, Tom Wagner who he recently spoke to about the Sports Quarter investment plans.
“From town-centre revitalisation projects; to forward-thinking, affordable housing-led schemes – bringing forward the right infrastructure is critical to my mission of fostering growth for everyone,” he added.
“I look forward to speaking to new potential partners with a shared commitment to our region’s future.”
Its launch comes ahead of the West Midlands Local Growth Plan which is due to be unveiled next month, alongside a new spatial development strategy.
Site Selection WM was commissioned by the West Midlands Growth Company in partnership with the combined authority, and local councils.
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