Leader executives and overseas dignitaries visiting Birmingham for the Commonwealth Video games this summer season might be wooed via politicians who hope the development will kick-start a “golden decade” for funding within the town.
The previous house of the Birmingham Municipal Financial institution, subsequent to HSBC’s headquarters in Centenary Sq., might be reworked into “UK Area” the place guests might be proven funding alternatives in 8 sectors, together with tourism, inventive and virtual, industry products and services and game.
“This does really feel like Birmingham’s time,” Ian Ward, chief of the town council, mentioned. “We have now these types of issues aligned — the Video games, high-speed rail arriving — and I do assume we wish to profit from this, as a result of we’ll by no means get those alternatives once more at one time and this might be a golden decade of alternative for the town.”
Greater than one million tickets for the Video games, which run from July 28 to August 8, had been offered and the hospitality business appears set to learn each from house enthusiasts and delegations from Commonwealth international locations.
Ward needs to draw extra companies and builders to open and construct workplaces in Snowhill, the industry district this is house to KPMG, Barclays and BT. The council could also be in the hunt for well being, clinical and analysis companies to take house at a brand new Birmingham Well being Innovation Campus which is because of open subsequent yr in Selly Oak.
Town is house to greater than 1.1 million other people and its inhabitants is a long way more youthful and extra various than the nationwide moderate: 40 in step with cent of its population are beneath 30. The native economic system is supported via 5 universities and 6 giant schools.
Initiatives that Ward is keen to look evolved come with a plan to create manufacturing studios within the Digbeth inventive quarter in order that spin-offs of Peaky Blinders, the BBC drama set within the town, can also be filmed in Birmingham. Fresh collection have principally been filmed in Manchester and Liverpool.
The council could also be in the hunt for an funding spouse to expand 5,000 new houses and workplace, recreational and group house on floor automobile parks subsequent to the Nationwide Exhibition Centre, the massive convention centre in Solihull. It’s searching for building and funding companions to construct loads of houses in Perry Barr, a suburban space within the north of the town.
Birmingham used to be ranked third-highest outdoor London for overseas direct funding in EY’s newest “good looks survey” after Edinburgh and Manchester, down from 2nd position within the earlier yr.
The council plans to draw funding from delegations from Commonwealth international locations corresponding to India and Canada all over the Video games. It’s also hoping to safe home funding for initiatives together with its “3 towns retrofit initiative”.
Birmingham, Coventry and Wolverhampton councils are because of meet officers from the Treasury and the Division for Levelling Up on the finish of the month in an try to safe central govt seed investment for his or her joint plan to make 165,000 social houses extra power environment friendly. If a success, they’re going to then search a non-public sector spouse to arrange a industry that may make it less expensive for others within the West Midlands to support their houses.
“The Commonwealth Video games offers us a possibility to grow to be the town’s symbol each nationally and the world over,” Ward mentioned.
“Individuals who have no longer been to Birmingham have a tendency to have an overly outdated view of what the town is like. You return to Birmingham now and this can be a trendy, international town.”