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£3.7M LOAN REPAID EARLY AFTER DEVELOPMENT SUCCESS

06 July 2018
Property

Goold Estates has re-paid a £3.7m loan that it secured from Finance Birmingham and the WMCA CIF ahead of schedule

A £3.7m loan has been repaid ahead of schedule by a commercial property company after securing several high-profile occupiers to a multimillion-pound speculative development in Wednesfield. Goold Estates secured the loan via Finance Birmingham and the West Midlands Combined Authority Collective Investment Fund in July 2017 to start the construction of the 75,000 sq ft Steelpark Trading Estate. ... Read more

Birmingham brownfield development gets £3.6m backing from WMCA Collective Investment Fund

16 May 2018
Property

A derelict brownfield site in Birmingham will soon be back in industrial use thanks to a £3.6 million investment from the WMCA CIF

A derelict brownfield site in Birmingham will soon be back in industrial use thanks to a £3.6 million investment by the West Midlands Combined Authority (WMCA). The loan is from its Collective Investment Fund (CIF) to developers Barberry Developments towards a £5.6 million scheme to build a 64,500 square foot industrial/manufacturing unit in Aston. The 2.9 acre site is part of the Advanced... Read more

Fund to unlock stalled housing sites in Greater Birmingham reaches £7million investment milestone

19 December 2017
Property

The Unlocking Stalled Housing Sites Programme has approved almost £7million of investments

More than 550 new homes to be brought forward as £9million Unlocking Stalled Housing Sites Programme nears £7million of investments £2million still available to help kickstart developments across the region The Unlocking Stalled Housing Sites Programme (USHSP), funded by the Government’s Local Growth Fund, has approved almost £7million of investments to support the delivery of new homes... Read more

WMCA awards £3.7m to Telford & Wrekin Borough Council towards cleaning up brownfield sites for new homes

15 November 2017
Property

The West Midlands Combined Authority (WMCA) has made a £3.7 million grant to Telford & Wrekin Council to kick-starting building new homes on brownfield sites in the borough.

The West Midlands Combined Authority (WMCA) has made a £3.7 million grant to Telford & Wrekin Council to kick-starting building new homes on brownfield sites in the borough. Funding is being deployed from the Brownfield Land & Property Development Fund (BLPDF) , managed by Finance Birmingham. The council is the first non-constituent member of the WMCA to win such funding, which will see... Read more

£6.9m backing for Walsall town centre development by WMCA’s Collective Investment Fund

10 November 2017
Property

More than 100 new jobs will be created when a derelict piece of land in Walsall town centre is brought back into commercial use with a £6.9 million investment from CIF

More than 100 new jobs will be created when a derelict piece of land in Walsall town centre is brought back into commercial use with a £6.9 million investment by the West Midlands Combined Authority (WMCA). Work on the plot in Littleton Street West will begin in January 2018 by Worcestershire developers Cordwell Property Group following the cash injection from the authority’s Collective... Read more

£3.7m backing for Wednesfield development by WMCA’s Collective Investment Fund

23 September 2017
Property

New industrial buildings are springing up in Wolverhampton thanks to £3.7m backing from the WMCA

New industrial buildings are springing up in Wolverhampton thanks to £3.7m backing from the West Midlands Combined Authority (WMCA). Work is already underway at Steelpark Trading Estate, Wednesfield, by commercial property company Goold Estates, further boosted by the cash injection from the authority’s Collective Investment Fund. Covering 69,025 square feet, the site will have a total of six... Read more

Our fund to unlock stalled housing sites supports plans to build 300 new homes in first year

19 June 2017
Property

The £9million Unlocking Stalled Housing Sites Programme approves £3.5million worth of investments across Greater Birmingham in 2016

Our £9million fund is set up to unlock stalled housing sites across Greater Birmingham and has approved £3.5million worth of investments to support the delivery of almost 300 homes in its first year. The Unlocking Stalled Housing Sites Programme launched in 2016 by the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) and managed by Finance Birmingham, is designed to remove... Read more

Coventry schemes awarded £3.7m loan by West Midlands Combined Authority Collective Investment Fund

16 June 2017
Property

The CIF has awarded CDP £2,820,000 towards the acquisition of the landmark former Coventry Evening Telegraph offices in Corporation Street

The new West Midlands mayor has welcomed investment by a West Midlands Combined Authority (WMCA) growth fund for two Coventry city centre projects. Andy Street backed the £3.7m loan by the Collective Investment Fund (CIF) to developers Complex Development Projects Ltd (CDP) to secure the acquisition of two key sites in the city centre totalling 8.2 acres for major redevelopment. The CIF has... Read more

WMCA makes investment towards £5.5m development of former Birmingham factory site

28 March 2017
Property

The Combined Investment Fund (CIF) has provided £2.9m of loan funding to Barberry Developments to assist with the speculative development of the 46,000 sq ft industrial unit on the old Tuckers Fastenings site at Walsall Road, Perry Barr.

A West Midlands Combined Authority (WMCA) investment fund is backing the £5.5 million rebirth of a landmark former Birmingham factory site. The Collective Investment Fund (CIF) has provided £2.9m of loan funding to Barberry Developments to assist with the speculative development of the 46,000 sq ft industrial unit on the old Tuckers Fastenings site at Walsall Road, Perry Barr. Barberry has... Read more

Finance Birmingham arranges £7m funding on speculative industrial development at Kingswood, Cannock

07 December 2016
Property

West Midlands Combined Authority makes first commercial development funding award

West Midlands Combined Authority makes first commercial development funding award A £21.6 million development creating an estimated 425 jobs is the first project to receive backing from a new West Midlands Combined Authority (WMCA) investment fund. Two industrial units covering 14 acres and providing a total of 283,000 sq. ft. of accommodation will be built at Kingswood Lakeside, near... Read more

Chase Commercial breaks ground for SMEs at Ratio:Park Kidderminster

13 October 2016
Property

Work has begun to deliver 30,000 sq ft of industrial workshops, warehouses and offices for small businesses in Kidderminster.

Developers kick start work on 30,000 sq ft light industrial site Range of units set to provide flexible space for small businesses Ratio:Park supports plans to improve employment, regeneration and business activity in the area Work has begun to deliver 30,000 sq ft of industrial workshops, warehouses and offices for small businesses in Kidderminster. Ratio:Park, part of Finepoint in the... Read more