The Big City Plan will see five key development sites which cover around 800 hectares, including the city centre, New Street station, thousands of new homes and new office space. There is talk that Birmingham may become the first UK city to set up Accelerated Development Zones, which are areas where the council could borrow against rate income paid by new businesses, which is something the government have talked about as a method for councils to fund regeneration schemes.
The plans for Birmingham will see the New Street station completely revamped, which will take five years to complete and cost £600 million, 1.5 million sq. metres of new office space, 5,000 new homes built and a £193 redevelopment of the Birmingham Library.
All of this work in the city is expected to create thousands of trades jobs, as the work is expected to go ahead over the next 20 years. As well as all the building work, Birmingham City Council have announced that they will be building new cycling routes, to make the city more walkable and to meet their target of a 60% reduction in carbon emissions by 2026.
What do you think about Birmingham’s plans – should other cities in the UK be following their lead?