£47m Birmingham investment to create 32,000 jobs

£47m Birmingham investment to create 32,000 jobs

Over £47m of Local Growth Fund has been awarded to projects across Greater Birmingham, helping to create 32,000 jobs, build 10,000 new homes and unlock 500,000 sqm of commercial floor space.

The Greater Birmingham & Solihull Local Enterprise Partnership revealed the funding, which forms part of GBSLEP’s £379m Growth Deal, at today’s Annual General Meeting.

So far a total of 33 projects have been awarded funds ranging from £210,000 to South and City College for training facilities for trainee electricians, mechanics and engineers, to £3.15m to support the £15m Midland Metro Catenary-Free project, which will see Birmingham become the first city in the UK to use battery technology that will remove the need to have attached overhead power lines to historic buildings for trams.

Chris Loughran, who was appointed as deputy chair for delivery for the Greater Birmingham & Solihull LEP, said: “These are exciting times for our region and I am determined we use the funds secured as part of our Growth Deal to make a real difference across our LEP region. We have an opportunity to create a sustainable economic legacy here and I am committed to playing my part in doing so.

 “Other schemes supported by the Local Growth Fund include the Hoobrook Link Road infrastructure project in Kidderminster with £3.6m and the purchase of a BAe Jetstream plane for student training and development, as well as facilities refurbishment of Solihull College’s Aerospace Academy.

“And, over the next 12 months, a further £49m has been allocated to support i

nitiatives that bring forward new housing and commercial space developments, as well as boost skills.

“This includes £9m to unlock small pockets of land for the development of housing, across the LEP region. In addition, the LEP has also provided £2.4m for the Friarsgate Development in Lichfield city centre.”

Andy Street, chair of Greater Birmingham & Solihull LEP, added: “We are at a pivotal point in the delivery of real economic change across the region. The results of our strategy are now being felt on the ground with Local Growth Fund investments progressing across our geography – from Solihull and East Staffordshire, to Cannock Chase and Birmingham.

“Backing these projects shows how the collaboration between the public, private and education sector can drive productivity and increase skills and employment across the region.”

 

 

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