Regeneration in Birmingham

Improving Rail Connectivity in the Midlands

Midlands Metro Extension 

Regeneration in Birmingham stretches far beyond skyscrapers and leisure spaces. The Midlands Metro network will triple in size with £1.3bn worth of investment. The Westside Metro expansion will ease accessibility and provide services for an additional five stops to support the growth of Birmingham. Furthermore, the network will operate the first battery-powered trams in the UK!

Sprint, Speedy Bus Network 

In addition, Sprint, the rapid bus network, has received £100m for advancements. The objective of this bus network is to reduce travel times between neighbouring areas: Solihull, Walsall, and Sutton Cofield.

HS2, The Backbone of British Transport Network 

The city will welcome the £106bn HS2 line to Curzon Street in 2026. The HS2 line will undoubtedly influence the property market of Birmingham. This central hub will enhance connections between London and the North. The HS2 line will support regeneration in Birmingham and further enrich its appeal as a commuter location, as journey times to the Capital drop to only 50 minutes. As a result of lowered travel times, many Londoners will move to Birmingham to take advantage of the lower house prices and rents. Therefore, as demand increases in the city, property and rental prices in the area will inflate.

The Midlands Gateway to the World

Airport Expansion

Due to COVID, the 14-year, self-financed, £500m airport expansion ceased. However, the project will soon commence, evolving into Midland’s gateway to the world. The expansion aims to improve accessibility globally, with access to more destinations across more flights. Once complete in 2033, the successful regeneration of Birmingham airport will contribute £1.5bn to £2.1bn to the economy annually. The project aims to minimise the use of carbon offsets. Most importantly, the projects over the next decade will focus on energy efficiencies.

Perry Barr Regeneration

The Perry Barr 2040 Masterplan helped to shape the Commonwealth Games, currently taking place in the city. The £700m regeneration of Perry Barr is an integral part of the Commonwealth Games legacy. The most notable project is the £72m expansion and upgrade of Alexander Stadium, which will host the Games. The stadium has seen a massive extension, increasing the capacity by 40%. As a result, this has attracted more investment to the area. New transport links will be integrated into this scheme, including the bus routes of Sprint, to support the flow of travellers and tourists during the Games. 

The UK is currently facing a lack of housing supply, and the same applies to Birmingham. Therefore, to tackle the chronic housing shortage, Perry Barr will transform into an area with affordable homes after the Games. The Housing Infrastructure Fund will support this sustainable scheme as the neighbourhood sees buildings converted into homes. Consequently, this will encourage the supply and demand imbalance to soften. As part of the redevelopment, the district will welcome the building of new homes, a new school and a sixth form. 

The Big City Plan

The Big City Plan, created in 2010, outlines several objectives. Over the decade, many of these schemes have been successful, including the iconic £188m regeneration of the biggest public library in Europe, the Library of Birmingham. In addition, £12m of the redevelopment of the new urban City Park will boost the residents’ quality of life, attracting more individuals to the area. All the initiatives will cultivate economic growth in the city and region.

The Big City Plan is nothing short of a success story and is not yet complete! Major employers including HSBC, PwC, Deutsche Bank, BT, Barclays, RBS, and KPMG have already relocated to the city, and we expect this trend will continue as costs to rent office spaces are much lower than the Capital.

This Masterplan will focus on five transformational areas, supporting the expansion of the City Core. Sustainable initiatives in each project will help tackle the effects of climate change. The Big City Plan will generate 50,000 new job opportunities. Therefore, rental demand will rise as the population increases.

Smithfield Regeneration

The £1.9bn Smithfield regeneration scheme aims to revitalise the Southern area of Birmingham into a retail and tourist hotspot. By 2037, the project will have boosted employment in the area, offering well-paying jobs to locals. As a result, it will generate over 100,000 new jobs.

Birmingham is a vibrant and cultural city, and this once-in-generation project will completely transform the city. The Smithfield district is home to the infamous Bullring Markets and is successfully morphing into an integral shopping location in the Midlands. The regeneration in Birmingham will capitalise on the unique and eccentric character in the area. 

The UK's Second City

Invest Today!

CityRise is delighted to launch an exclusive off-market investment opportunity in this vibrant city. This brand-new development features 1-, 2- and 3-bedroom apartments, finished to excellent standards. This development boasts incredible views and is close to Sheldon Country Park. In addition, it is near to the new Metro Line and the HS2.

Over 40% of this beautiful development has already sold out, and I can assure you that these investors will benefit from significant capital appreciation in years to come because of the planned regeneration in Birmingham. Furthermore, you can generate a higher income as the development works perfectly as a serviced accommodation model.  Click here for more information.