UKREiiF - UK's Real Estate Investment & Infrastructure Forum
Wolverhampton Vision - Executive Summary
The new Wolverhampton Investment Prospectus was shared for the first time at the UK Real Estate, Investment & Infrastructure Forum (UKREiiF) on Tuesday 17 May. It reflects the changes brought about by the pandemic and presents an ambitious vision of how the city can grow – highlighting opportunities to build on the £4.4billion of public and private sector investment already on site or in the pipeline in the city.
City of Wolverhampton Council is working closely with city partners and stakeholders and welcomes active participation to continue shaping the online document, so it encompasses further changes in project development and delivery.
As a top ten UK city for economic growth and with £4.4b investment on site or planned citywide, there’s never been a better time to invest in City of Wolverhampton. As well as our great location and connectivity, the city has a number of ready-to-go, council and partner-owned sites available for development. Take a look at the opportunities in more detail below.
We're committed to working with potential investors and developers to bring these exciting propositions to life. We’ll support you with strong, consistent and innovative city leadership. So bring your business to the city of opportunity.
Interchange Commercial District
There are further investment opportunities across multiple strategic sites to build upon the success of the new and developing Interchange Commercial District.
Overall, the area will deliver 1 million square feet of grade A office space on strategic sites at the heart of an integrated regional road, rail and tram hub.
Project Information Region: West Midlands Sector(s): Office, F&B and Leisure Investment Type: Equity investor, operators Planning Status: Part of the local area plan GDV: £50m
Opportunity exists to redevelop this key strategic site which sits in a prominent location with links to the Royal, the proposed City Learning Quarter and the core city centre. This site includes a Grade 2 former Sainsbury’s store along with associated surface parking areas. The City of Wolverhampton Council acquired the site in 2018 and have established this as an exciting strategic regeneration opportunity.
Project Information Region: West Midlands Sector(s): Education Estates, Residential Deal Type: Development Funding Planning Status: Strategic Local Plan Allocation
Development Type(s): Brownfield GDV: £50-99m Timescales Going Forward: 1-2 Years Scale of Development: 5.4 acres
Wolverhampton Science Park
The Science Park is home to over 100 businesses in a diverse range of sectors, including med-tech and life sciences with a fast-growing demand for further commercial space. The Centre of Excellence for Advanced Manufacturing & Digital Innovation Hub comprises of an incubator space and start up units at Wolverhampton Science Park as hub of digital economy, aerospace. It builds upon the University of Wolverhampton’s ambitions to develop a Centre of Excellence for Digital Innovation in Smart Cities.
Project Information: Region: West Midlands Sector(s): Science Parks Deal Type: Development Site Sale Planning Status: Strategic Local Plan Allocation Development Type(s): Brownfield GDV: <£49m Timescales Going Forward: 3-4 Years Scale of Development: 9.8 acres
Covered in the Stafford Road AAP. Wolverhampton Science Park will be the focus of an improved quality offer in this area.
This is a £250m mixed use scheme which will see the delivery of 1,200 city houses and apartments, and 60,000 square ft of new retail and commercial space.
Project Information: Planning Status: Outline application being prepared due for submission March ‘22. Total of upto 550 residential units Investment Opportunity: The public and private strategic delivery partnership will look to secure investors and occupiers to help deliver this ambitious residential-led mixed-use regeneration project. Through partnership, the opportunity exists to accelerate site preparation and fast track delivery, leading to de-risked phasing of key investible opportunities from regional, national and international funding institutions. Promoter: City of Wolverhampton University + Court Collaboration Investment Type: Forward funding; Development funding, PRS fund opportunity Scale/Value: £250m GDV Sector: Public & Private Sector Led Timeline: Anticipated during 2022
A comprehensive redevelopment of new academic buildings, mixed-use development and public realm
Centred around expanding football stadium and university with potential for new commercial/leisure development
Home to Premier League Wolverhampton Wanderers FC
City Centre West
Leisure-led mixed-use development of 4.5 hectares
New multi-screen cinema, family leisure attractions, restaurants
600 space car park
Adjacent to retail core
£50 million GDV
West Midlands Investment Prospectus 2022
Unlocking the potential of the West Midlands
The West Midlands is home to world-leading sectors, transformational infrastructure, large-scale brownfield regeneration projects and a rapidly increasing diverse population. With our Investment Prospectus 2022, discover what our region has to offer through our:
net zero future
skills, productivity, and world beating sectors
homes and places of the future
transport and more...
Over the past five years we have secured close to £5 billion of National Government investment for the region. Our partner local authorities have recently obtained a further £400 million for investment in our high streets, towns, cities, and infrastructure.
City Centre Opportunities
I am very impressed by the city’s ambition, led by the council. It has a winning formula, working with partners to support business growth and secure investment.