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Economic Development

£66m grant to boost 'shovel-ready' schemes in the West Midlands

New funding will be help to kick start projects such as new railway stations, urban renewal and tech-based initiatives

New railway stations in the West Midlands, such as this one in Darlaston, are set to benefit from £66m in funding

More than £60 million in new funding has been granted to the West Midlands to help it kick start 'shovel-ready' regeneration projects.

The capital has come from the Government's Getting Building Fund, with up to £66 million being made available to the region.

It comes in response to a recently submitted list of infrastructure schemes that can be under way within 18 months while a separate £8 million funding pot will be allocated to Warwickshire.

The list of schemes was put forward by the West Midlands Combined Authority and local enterprise partnerships (LEPs) in Greater Birmingham and Solihull, the Black Country and Coventry and Warwickshire.

They cover a wide range of schemes including new railway stations, such as in Darlaston and Moseley, along with other transport infrastructure, 5G, digital and technology-based projects, life sciences and urban renewal.

The combined authority will now work with the three LEPs to send a finalised list of schemes back to the Government.

West Midlands Mayor Andy Street said: "This latest announcement means the West Midlands has now received £150 million of Government funding in the space of just three days as we look to reboot our regional economy from the devastating impact of the coronavirus pandemic.