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PRIVACY
Economic Development

Review of 2015 - August: Prosperous Birmingham, mosque extension and Grand Central retailers

August saw new research proclaim Birmingham as the fourth most prosperous city in the country, plans were unveiled for a £7.5m extension to a city mosque and the final batch of lettings at Grand Central were announced a month ahead of opening

CGI of a planned mosque extension which was unveiled during August

Birmingham was named the nation's fourth most prosperous city as the number of millionaires living here soared.

Figures revealed in August showed that, in the West Midlands, there were 32,000 people who had crossed the magic £1 million threshold.

Research by Barclays said this was a rise of 8,000 - or 33 per cent - over the last five years as the economic recovery continues.

The banking group also revealed Birmingham was now ranked fourth in the º£½ÇÊÓÆµ for prosperity, based on a range of different economic factors.

A Birmingham mosque will be extended and topped with a gold dome as part of a major £7.5 million redevelopment, according to plans unveiled this month.

The mosque complex in Clifton Road, Balsall Heath, will be redeveloped alongside a new funeral home, sports centre, shop and apartments under proposals developed by Birmingham's KSIMC community.