Birmingham City Council and Greater Birmingham and Solihull LEP pass £125 million plan

Posted on 31 July 2012 · Posted in News

The Birmingham City Centre Enterprise Zone – which is forecast to create 40,000 jobs over the next 25 years – has moved forward after an investment plan worth over £125 million to kick-start the development was approved by the Board of the Greater Birmingham & Solihull Local Enterprise Partnership.

This first phase of activity includes an investment of over £60 million into infrastructure in the city’s Westside to help unlock developments such as Paradise Circus, £25 million for the extension of the Metro from New Street to Centenary Square meters, and £40 million to support site development and business growth activity.

The plan includes investment in digital connectivity worth £500,000, a business development package worth £3.5 million, and £1.5m towards skills and training. This adds to the funding already available for initiatives in these areas.

For more information on this Enterprise Zone, visit the website.