Prospectus sets out £20 billion of investment opportunities across region
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.
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
Andt Street, Mayor of West Midlands said: “More and more major national and indeed global players are recognising the investment opportunities on offer here in our region - including both L&G and Lovell.
“With a young, skilled and diverse workforce, internationally renowned higher education institutions, and outstanding connectivity - set to be bolstered in the coming years by the arrival of HS2 - our economy is well placed to prosper in the months and years ahead.
“This Investment Prospectus comes on the back of last summer 's hugely successful Commonwealth Games as well as the new Deeper Devolution Deal this March where we secured £1.5 billion of new funding from the Government - alongside a significant tranche of new powers covering housing & regeneration, transport and skills, giving us even more levers to deliver for local people and our partners in the private sector. ”
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. ”
Schemes featured in the prospectus in previous years have been highly successful in attracting investment.
Pictured from left to right: Stuart Penn, regional managing director for Lovell Partnerships, Andy Street, Mayor of the West Midlands, Anette Simpson, director of development and partnerships at Legal & General and Cllr Peter Hughes, Sandwell Council's Cabinet Member for Regeneration and WMCA launch the £20bn Investment Prospectus at The Junction housing development in Oldbury