Investing

Chancellor Rachel Reeves urges businesses to invest in West Midlands


West Midlands mayor, Richard Parker, said it had been a “fantastic” day and there had been announcements about plans for the region, including future investment in the Black Country, in Birmingham, Solihull and Coventry.

Parker spoke of how Knighthead Capital, led by Birmingham City FC co-owner Tom Wagner, had announced their design partner for its new 62,000 seat stadium.

“It just continues to demonstrate the commitment that Knighthead Capital has got into this region,” he said.

“Their vision for the place and how what they’re doing is going to transform one of the most deprived bits of the city through tens of thousands of new jobs and billions of pounds of investment.”

Parker said the city would have a “fantastic new sports quarter”, the building of which would create about 14,000 jobs.

“Many of those jobs are going to give young people from some of the most deprived bits of Birmingham fantastic opportunities,” he said.

“Personally, it’s a really, really proud moment for me and for this city and this region.”



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