Growth Deal

GBSLEP Growth Deal cover iconOn July 7 2014, Government announced the Greater Birmingham & Solihull Growth Deal.

The Growth Deals between Government and each of the 39 Local Enterprise Partnerships aim to focus on local economic priorities, driving growth and creating jobs.

Crucially, they also identify the allocation to each LEP from the Local Growth Fund – a £2bn capital pot of funding.

In the Greater Birmingham & Solihull Growth Deal, GBSLEP secured £357.4m from the Local Growth Fund to fund 34 projects.

The Deal capitalises on the opportunities that HS2 will brings to the area and also focuses on key sectors such as  advanced manufacturing and life sciences.

By 2021, this Deal will deliver at least 13,000 jobs, 4,000 homes, upskill 7,633 people and generate as much as 641,258m2 of employment space.

Greater Birmingham & Solihull and Central Government have agreed to co-invest in the following jointly agreed priorities:

Full project list (click on the name to see a summary of the project)

Project Total LGF Outputs Note
Investing in Growth in Greater Birmingham & Solihull
South Kidderminster Enterprise Park £9m £3m 532 jobs, 170 homes Approved
Ashted Circus £6.6m £4.07m Approved
Journey Time Reliability Improvements to Growth £2.69m £2.42m 198 jobs Approved
Unlocking Small Housing Sites £6m £6m 1,300 homes Approved
Road/Rail Freight Interchange £16.75m £1.3m 50 jobs Approved
Unlocking Birmingham’s Sustainable Urban Extension £11.11m £5m 5000 jobs, 3000 homes Approved
University Station Interchange £3.09m £2.59m Approved
Battery Way Extension £1.52m £1.26m 800 jobs Approved
Selly Oak New Road Phase 1b £6.13m £3.63m 2,700 jobs Approved
A34 Corridor – Perry Barr £6.1m £3.5m 1,150 jobs, 300 homes Approved
Iron Lane £9.5m £5m 1,000 homes Approved
East Staffordshire Growth and Regeneration Programme £5.7m £1.5m 707 jobs, 306 homes Approved
Snow Hill Station: Phase 1 £9.99m £4.66m Approved
Longbridge Connectivity Scheme £8.09m 4.86m 3864 jobs 1089 homes Approved
Birmingham Cycle Revolution £8m £6m Approved
Tame Valley Viaduct £82.01m £72.1m Provisional
A457 Dudley Road £29.5m £22.4m Provisional
A45 Rapid Transit City-Airport £50m £35m Provisional
Maximising the benefits of HS2
Hagley Road SPRINT £12.2m £2.5m Approved
HS2: South & City College £150k £70,000 18 jobs, 58 skills Approved
Midland Metro – to Edgbaston £67.5m £59.8m Provisional
Midland Metro – to Eastside £102.6m £5.5m Note: £35m allocated provisionally
Midland Metro – to Centenary Square £42.4m £8m Pre-Approved
One Station £7m £3.5m Pre-Approved
Making the Connections £8m £6.8m Pre-Approved
Enhancing growth sectors, and supporting and growing businesses
Solihull Aviation £2m £830k 6 jobs, 145 skills Approved
Food Technology Hub £750k £340k 60 jobs, 330 skills Approved
Life Sciences Centre £10m £3.5m 209 jobs, 100 skills Approved
JLR Expansion: Engineering £1.2m £550k 73 jobs, 370 skills Approved
JLR Expansion: Automotive Training £600k £260k 130 skills Approved
Advanced Manufacturing Hub £10m £2m 1,500 jobs Approved
Life Sciences Campus £171m £5m 2,207 jobs Approved
Centre of Excellence for Advanced Technologies £51.2m £11.2m 330 jobs, 13,000 skills Approved

 

Download the full Greater Birmingham & Solihull Growth Deal here.

View the press release about the announcement of the Growth Deal here.