Birmingham Invests £1bn into Regeneration of HS2 Areas
Birmingham City Council has committed an investment of almost £1 billion into the Curzon Investment Plan, a redevelopment of the Eastside area which is the location of the proposed HS2 Curzon Street Station.
The strategy of the Curzon Investment Plan, led by the Greater Birmingham and Solihull Local Enterprise Partnership (LEP), is to unlock and regenerate the approximate 141 hectares of land alongside the proposed station over the next 30 years. It will connect the area with the rest of the city of Birmingham and is envisaged to create approx. 36,000 jobs, 4,000 new homes and around 600,000 sqm of commercial floor space.
Detailed proposals include the creation of public open spaces such as the Curzon Square and Promenade around the new Curzon Street Station which will incorporate the original, Grade I Listed Building. The regeneration scheme also includes new neighbourhoods, office developments and retail provision.
Prime Minister Theresa May said “I am delighted that Greater Birmingham makes this investment in the future, working to maximise the potential of HS2 by investing in jobs and housing – and encouraging more business investment. It was in Birmingham where I outlined my plan to build an economy that works for all, with a proper industrial strategy that delivers prosperity, job creation and higher wages across the country, not just in London. That is what the Curzon Investment Plan aims to do in Greater Birmingham, and my Government is right behind them.”