Unlocking the Potential of the West Midlands
WMCA has unrivalled expertise in working with private and public sector partners to help unlock the region’s extensive investment and development opportunities.
The tools at our disposal include:
- Assets – our land, premises and infrastructure assets and those of our public sector partners, including Government.
- Strategic Partnerships – for example, with HM Government, the Cabinet Office, investors and developers.
- Powers – such as land assembly and acquisition, including compulsory purchase, joint ventures, and the potential to create delivery vehicles (e.g. Development Corporations).
- Affordable Housing – programme management and responsibility for the region’s Affordable Housing Strategy.
- Leadership and Governance – we have clear routes to transparent decision-making through our WMCA investment and thematic boards. WMCA Board includes the Mayor and Council Leaders.
- Public Sector Funds – de-risking projects, tackling barriers to delivery and acquiring land and buildings. This includes new funding for affordable housing, estate renewal, commercial employment, and Levelling Up Zones.
- Information – a detailed region-wide database of opportunities, projects and proposals.
- Advice – highly skilled and appropriately resourced teams who can advise and provide support.
- Specialist Expertise – access to industry-led taskforces and sounding boards including WMCA’s Town Centre Taskforce, Commercial Property Taskforce, Public Land Taskforce, Future Homes Taskforce and Net Zero Infrastructure Delivery Panel.
“West Midlands Combined Authority is one of the fastest growing in the country and there has never been a better time to invest in our region.”
The development of a 450-acre site for up to 3.7 million sq. ft of future ready manufacturing and warehouse space is well underway. This has seen the remediation of former sewage lagoons and contaminated unlicensed landfill.
The SEGRO Park scheme in Coventry has the first building visible, currently reserved by an international courier company. This is the first of four buildings due to be completed in 2023.
The vast scale of site plans will see home to new and growing businesses for the region, utilising the excellent connectivity in and surrounding Coventry and the wider West Midlands.
With £450 million of overall investment expected, it is projected that the scheme will create more than 4,000 direct jobs upon completion in 2025.