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\n A major new investment body aimed at transforming Birmingham and the West Midlands has been launched.\n <\/p>\n
The Mayoral Development Corporation (MDC) is said to be the biggest and most ambitious of it\u2019s kind in the country, helping to create tens of thousands of jobs and bring in billions to the local economy.<\/p>\n
It will incorporate the \u00a33 billion Birmingham Sports Quarter, the \u00a34 billion Birmingham Knowledge Quarter, the HS2 station at Curzon Street, the \u00a32 billion Smithfield development, and a major creative industries hub in Digbeth.<\/p>\n
This new corporation \u2013 part of a wider Mayoral Development Zone \u2013 is being created by West Midlands Mayor Richard Parker and Birmingham City\u00a0Council leader John Cotton.<\/p>\n
It aims to give investors speed, scale and certainty and help bring major schemes forward. It\u00a0will bring together planning powers, land, funding and delivery under one roof and cut bureaucracy.<\/p>\n
Mr Parker said: \u201cThe West Midlands is breaking down the barriers that have held investment back. A new Mayoral Development Corporation will deliver the fastest growth opportunities anywhere in the country.<\/p>\n
\u201cFrom Curzon Street to Digbeth and from Smithfield to the Knowledge Quarter, investors will find world-class projects ready to go.<\/p>\n
\u201cAnd we\u2019re going to move at pace, because for too long people haven\u2019t felt growth in their communities or in their pockets.<\/p>\n
\u201cThis is about speed, certainty and scale. We are putting Birmingham and the West Midlands at the front of the queue for investment, creating jobs and driving growth that will make a difference to people\u2019s lives.<\/p>\n
\u201cThat\u2019s why having myself, John and the Government working so closely is so important.\u201d<\/p>\n
Councillor Cotton added: \u201cBirmingham\u2019s time is now. This is one of the most investable cities, with some of the biggest opportunities in the country and working with a Labour Mayor and a Labour Government, we will fully unleash our full potential for economic growth.<\/p>\n
\u201cThe MDC will supercharge Birmingham and the wider West Midlands, unlocking opportunities for all, creating tens of thousands of good, well-paid jobs and delivering growth and prosperity for our citizens, communities, and businesses.\u201d<\/p>\n
Chancellor of the Exchequer, Rachel Reeves, also confirmed the UK\u2019s first Regional Investment Summit will be held in Birmingham next month.<\/p>\n
She said: \u201cUnder this Government no region will be locked out of investment.<\/p>\n
\u201cBusiness confidence is at its highest level since 2015, private sector activity expanded at the fastest pace in a year in August, and top CFOs have ranked the UK as the top investment destination in the world.<\/p>\n
\u201cOur opponents want to talk down Britain\u2019s economy. But whilst the economy isn\u2019t broken, for many it feels stuck, which is why I\u2019m determined to attract more investment into every region of the UK so we can build an economy that works for, and rewards, working people.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"A major new investment body aimed at transforming Birmingham and the West Midlands has been launched. The Mayoral…\n","protected":false},"author":2,"featured_media":446955,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7820],"tags":[22440,22441,855,9163,22439,748,9444,1354,393,9453,4884,14987,269,12,3669,9440,93,16823,16,15],"class_list":{"0":"post-446954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-birmingham","8":"tag-102-5","9":"tag-102-5-fm","10":"tag-birmingham","11":"tag-black-country","12":"tag-brierley-hill","13":"tag-britain","14":"tag-dab","15":"tag-dudley","16":"tag-england","17":"tag-fm","18":"tag-great-britain","19":"tag-halesowen","20":"tag-music","21":"tag-news","22":"tag-online","23":"tag-radio","24":"tag-sport","25":"tag-stourbridge","26":"tag-uk","27":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115256093115958264","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/446954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=446954"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/446954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/446955"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=446954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=446954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=446954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}