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Bid to attract investors

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Dudley Council bosses will be hoping to attract millions of pounds of investment to boost regeneration plans in the borough at a leading property summit next month.

A team from the council will showcase top regeneration and investment opportunities in a bid to muster interest and raise the profile of Dudley borough with some of the country’s leading developers at Mipim UK.

The council will sit alongside regional partners and the An image of the proposed Metro extensionWest Midlands Growth Company at the two-day event where it will outline the opportunities available, with a development value of £910million.

One of the key projects profiled will be DY5, Dudley’s Business and Innovation Enterprise Zone. 

Council bosses are hoping its central location, range of investment opportunities, variety of use and numerous benefits including business rate relief will attract businesses, developers, funders and equity investors.

The council will also be seeking investors to work together along with the West Midlands Combined Authority and Homes England to develop a series of key housing, retail, leisure and employment sites on land in Dudley town centre to complement existing regeneration plans.

Councillor Keiran Casey, cabinet member for planning and economic development, said:

This is crucial opportunity to boost Dudley’s profile and meet with key people in influential places.
We’ve got a great track record in attracting investment with major regeneration projects already planned including the very light rail innovation hub, new bus interchange, Portersfield development and Metro extension.
This demonstrates that developers and investors see Dudley as a place to do business. We are confident that we have the right opportunities to attract further interest to continue our economic growth and make Dudley an even better place to live, work and visit.”

Notes to editors

  • Mipim UK is the leading property summit for all key stakeholders in UK real estate
  • Last year Dudley Council, Black Country LEP and West Midlands Combined Authority were given the green light to launch DY5 - Dudley’s Business and Innovation Enterprise Zone
  • The enterprise zone will help to rejuvenate the Waterfront office complex at Merry Hill and create additional office, technology and industrial space in the surrounding areas of Brierley Hill, Harts Hill and Pensnett. It is expected to deliver up to 7,000 new jobs and uplift the economy by £589million each year

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