Snow Hill Growth Plan set for £2.6m funding boost
THE redevelopment of the area around Snow Hill Station in Birmingham is set to benefit from a £2.6m funding injection.
Today’s Birmingham City Council cabinet is being asked to accept £2m of ring-fenced capital grant funding from the Government, which will be administered through the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) to support the development of a Snow Hill Growth Strategy.
The council will be asked to make its own contribution of £0.631m.
The growth strategy will set out proposals for the redevelopment of the station and the surrounding business district area in order to maximise economic growth. The strategy supports the Snow Hill Masterplan adopted by the council in 2015, as well as aligning with the Big City Plan, Birmingham Development Plan and the council’s Birmingham Connected Transport strategy.
Cabinet is also being asked to approve the start of tendering activities for external professional services support to develop the strategy.
In addition, the council will begin talks with Network Rail Infrastructure on a feasibility and design development plan for the station.
Cllr John Clancy, Leader of Birmingham City Council, said: “This is a hugely important step forward in the regeneration of this key city centre district which will maximise its potential and enable us to make the most of the opportunities available to help boost growth in Birmingham.
“These are very exciting times for our city and I am pleased that we are able to accept this funding from the GBSLEP, enabling us to move forward in developing this strategy.”
Simon Marks, Greater Birmingham and Solihull LEP board director, said: “The growth strategy provides a bold and exciting proposal for how Birmingham can continue to grow its thriving business and professional services sector. The Snow Hill district is already recognised as a burgeoning financial hub.
“This development will put in place the building blocks for a global business and financial centre. The GBSLEP is working closely with the private sector to create the conditions to ensure that firms have everything they need to thrive here.”
