Greater Icknield and Smethwick
Greater Icknield and Smethwick are identified as strategic development areas to accommodate large areas of growth.
Housing delivery concentrates on the Grove Lane area of Smethwick, close to the boundary with Birmingham in this sought-after area with high demand for housing land. More than 800 new homes will be delivered over a phased period, with community infrastructure to support this. Extensive areas of land will also be regenerated surrounding the new Midland Metropolitan University Hospital which is already attracting substantial investment. The first phase has already completed with 143 new modular style homes at Cranford Grange. Further phases will come forward for development in the coming years. The Grove Lane area received Housing Zone status from Central Government and granted £224,000 of capacity funding in March 2017 to assist in bringing the development forward. Most of land is privately owned with recent significant developer interest signifying the attractiveness and potential for investment in this area. The area is also included within the Smethwick Town Fund Investment Plan which was awarded £23.5million in March 2021. It is anticipated that this investment plan will secure government funding in 2022 to acquire and remediate land to progress to the next phase of regeneration.
• Urban Housing
• Near new large major Hospital serving Sandwell and West Birmingham City
• To improve the lives of residents and create new jobs in the area
Why invest in Sandwell?
Sandwell, in the heart of the West Midlands, has a diverse economy thanks to innovative companies and a highly skilled workforce. Which is home to a pro-business council that supports your growth and development.
Our region is home to around 9,000 businesses: exciting and dynamic companies which collectively employ approximately 140,000 people. We are part of the West Midlands and Birmingham city region and have expertise in key sectors such as advanced manufacturing and production, health and care, and logistics amongst others. We also have a young diverse population and hold competitive property prices in comparison to much of the rest of the UK, so commercially our area remains in high demand yet still offers good value for money compared to alternatives.
Thanks to our excellent transport links, including the M5 and M6, many skilled people and cost-competitive location at the centre of England, more and more companies are looking to Sandwell to fulfil their business needs.
Insight for investors
• Type of Investment Sought: Various
• Target Investor(s): Commercial & retail, housing and property investors. potential for health and life sciences.
• Value and cost info: £850m GDV
• Site Size: 264Ha
• Jobs: Thousands of construction jobs, and thousands of jobs, especially in health and care amongst others.
• Timescale: 2022-2030
• Delivery Timescale: 1 – 5 years
• Planning Status: Site allocated in local plans