Plans to build a £165m urban regeneration scheme in Birmingham have been given the go-ahead by the City Council.

The derelict 11.7 acre site is on Birmingham’s Main Line Canal and will be developed into 750 new homes alongside 10,000 sq ft of commercial space, gardens and shared amenities.

The development was proposed by a joint venture of Galliard Homes and Apsley House Capital, and will be called Soho Wharf.

Stephen Conway, executive chairman of Galliard Homes, said: “Our vision for Soho Wharf is to deliver a residential-led, mixed-use scheme that will be truly transformative for Birmingham. We are pleased the council shares our vision for the site.

“The approved scheme forms part of the Greater Icknield Masterplan, the largest brownfield housing-led redevelopment framework within Birmingham and is therefore strategically important for the long-term regeneration of the area, which is already undergoing major change.

“Soho Wharf is the next big development opportunity and with planning now in place we’re excited to be bringing the project forward and helping the council achieve its ambition of creating more homes and attractive places to live for the people of Birmingham.”

The joint venture was formed in 2016 with the aim of acquiring and developing brownfield sites in the West Midlands into quality mixed-use schemes. The portfolio has a gross development value of above £500m.