Birmingham City Council leader Mike Whitby is to call on investors and banks at MIPIM to fund his £20bn ‘Big City Plan’.
At the Birmingham stand today he will say to investors: ‘We need help to turn the tap on. Birmingham City Council cannot do this on its own and we need real partnership across regional, national and private sector organisations to help us bring forward developments that are currently in the pipeline.’
He will also preview the launch of the second phase of the Area Investment Prospectuses that are due to be unveiled at Birmingham’s ICC on 26 March. Designs for the new Library of Birmingham will be unveiled on 2 April.
‘The Area Investment Prospectuses are a shop window with opportunities galore for developers and a wide range and size of projects that we want you to take on – and soon,' he will say. ‘Since we were last at MIPIM we have been able to announce major public sector contracts such as the £2.4 billion programme which will see the city-wide rebuilding or refurbishment of all 89 of its secondary schools by 2024.’
The council is to push forward major schemes such as the New Street Gateway scheme for Birmingham New Street station, which is on course for ‘substantial completion’ by 2013, and the Central Library project.
The programme also includes the proposed creation of eight new Birmingham academies in the city.