English Cities Fund to spearhead Wolverhampton regeneration
A partnership has been formed between the English Cities Fund (ECF) and Wolverhampton Council, to work together to identify regeneration opportunities.
The ECF, a joint venture between Muse, Legal & General signed a memorandum of understanding with the council after coming together at a Wolverhampton panel session at property forum MIPIM last week.
Both partners will now review potential development sites, which could deliver homes, shops, restaurants, offices, and public spaces.
Areas which are identified as having regeneration potential could then be brought forward and delivered by the partnership under future agreements. The partnership has the potential to attract significant inward investment and create a range of new jobs across Wolverhampton.
ECF was set up in 2001 to combine the expertise and ambition of Homes England and Legal & General’s capabilities in delivering long-term, joined-up investment across UK property and infrastructure, alongside the nationwide urban regeneration expertise of Muse.
Maggie Grogan, development director at ECF, said: “Wolverhampton is a city full of opportunities and we’re delighted to have signed this memorandum of understanding with the city council.
“This is a sign of our intent and ambition in the Midlands. We want to work closely with partners to find and deliver opportunities for growth and regeneration that benefit communities for the long term.
“City of Wolverhampton is an ambitious partner, with a clear vision for the city and the wider region, along with a can-do approach to growth. We’re looking forward to working with our new colleagues to help enable the opportunities for place-changing regeneration to come forward in Wolverhampton.”
Councillor Stephen Simkins, City of Wolverhampton Council Deputy Leader and Cabinet Member for City Economy said: “ECF is one of the UK’s leading placemaking and regeneration specialists. They have a strong track record of identifying opportunities and delivering value.
“This will build on the multi-billion-pound investment already on site or planned across Wolverhampton and will also help deliver more jobs for our residents”.