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Construction News
30/03/2017
WMCA Backs £5.5m Birmingham Redevelopment Project
A £5.5 million redevelopment project in Birmingham has secured further investment from the West Midlands Combined Authority (WMCA).
The organisation has provided £2.9m of loan funding from the Combined Investment Fund (CIF) to help transform a former factory site into a new industrial unit.
Barberry Developments is creating the 46,000 sq ft unit on the old Tuckers Fastenings site at Walsall Road in Perry Barr. Construction is expected to finish later this year.
Cllr Izzi Seccombe, leader of Warwickshire County Council and WMCA portfolio holder for finance and investments, said: "I am delighted the CIF is able to play a part in bringing this site back into industrial use.
"Projects such as this are why the CIF was established, to help create the right conditions for industry and the jobs that are key to ensuring a prosperous future for the West Midlands."
Jon Robinson, development director of Barberry added: "This scheme will provide much needed stock to the mid-sized industrial/warehouse sector, providing occupiers and businesses with the quality accommodation needed to expand, create jobs or relocate their businesses within the West Midlands."
Image: Cllr Izzi Seccombe, front, with Jon Robinson, rear left, of Barberry, Henry Bellfield, Barberry director, and Nick Oakley of Finance Birmingham.
(LM/CD)
The organisation has provided £2.9m of loan funding from the Combined Investment Fund (CIF) to help transform a former factory site into a new industrial unit.
Barberry Developments is creating the 46,000 sq ft unit on the old Tuckers Fastenings site at Walsall Road in Perry Barr. Construction is expected to finish later this year.
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Cllr Izzi Seccombe, leader of Warwickshire County Council and WMCA portfolio holder for finance and investments, said: "I am delighted the CIF is able to play a part in bringing this site back into industrial use.
"Projects such as this are why the CIF was established, to help create the right conditions for industry and the jobs that are key to ensuring a prosperous future for the West Midlands."
Jon Robinson, development director of Barberry added: "This scheme will provide much needed stock to the mid-sized industrial/warehouse sector, providing occupiers and businesses with the quality accommodation needed to expand, create jobs or relocate their businesses within the West Midlands."
Image: Cllr Izzi Seccombe, front, with Jon Robinson, rear left, of Barberry, Henry Bellfield, Barberry director, and Nick Oakley of Finance Birmingham.
(LM/CD)
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