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Enterprise Zone Investment Plan
The Birmingham City Centre Enterprise Zone has taken a major step forward after an Investment Plan worth just under £130m was approved by our Cabinet and the Board of the Greater Birmingham & Solihull Local Enterprise Partnership.
The Investment Plan sets out how the uplift in business rates will be used to deliver the first phase of investment in infrastructure to unlock development and growth in the City Centre Enterprise Zone.
The Plan recognises early intervention is required to accelerate growth in the City Centre – an area which has both the characteristics to accommodate significant new employment-creating business activity in key sectors, and for which a framework for growth is in place in the form of the Big City Plan – Birmingham’s blueprint for investors which shows how the city will be transformed over the next 20 years.
This first phase of activity includes:
- Investment of over £60m into infrastructure in Westside to help unlock key developments such as Paradise Circus;
- £25m for the extension of the Metro from New Street to Centenary Square; and
- £40m to support site development and business growth activity.
Last Updated: 1st August 2012