Optimising Assets

In February 2016, the Unlocking Housing Sites Programme was launched thanks to £9 million secured from the Local Growth Fund. The ambition is to bring forward at least 500 new homes across the area by delivering targeted  assistance to sites which are ready for development, or where there are existing constraints.

Friarsgate Lichfield

Friarsgate regeneration, supported through the LGF programme

The LEP has awarded £1.5 million of LGF money to support the East Staffordshire Regeneration Programme, which involves releasing three strategic brownfield sites for development. This scheme has the potential to deliver nearly 300 high quality, new homes, new commercial floor space and up to 700 jobs. The LEP has also approved £2.4 million for the Friarsgate development in Lichfield city centre (pictured right).

The LEP was one of a number of partners contributing to a £16 million fund to complete the new Hoobrook Link Road connecting Stourport Road to Kidderminster Road on the South Kidderminster Enterprise Park. The new road will ease congestion around the town and unlock further development opportunities in the area.

grand hotel

Restoration of the Grand Hotel, supported by LEP’s Growing Places Fund

Through the Growing Places Fund the GBSLEP supported the much needed restoration of the Grade II* listed Grand Hotel, Birmingham, with £6 million of grant monies to help bring one of the city’s finest buildings back into active use.

The City Deal Public Assets Accelerator in conjunction with the Homes and Community Agency (HCA) is unlocking sites that have been stalled for a considerable time.

In May 2015, £1.04 million was allocated to acquire additional land to extend the benefits and area of the Aston Manufacturing Hub for employment use. Business cases are currently being prepared for other projects including Bordesley Park, Yardley Brook and Bromford in Birmingham. This work is being complemented by the recently launched West Midlands Combined Authority One Public Estate Phase 3 programme, which is seeking to support new homes and additional employment land through better use                                                                                and release of public land.

The development of the Spatial Plan for Growth has continued to support the strategic planning process, through the completion of the staged Strategic Housing Needs Study with the Black Country.

Midlands Engine Pitchbook was launched at MIPIM in March 2016 to attract further foreign direct investment to the region.