Posted on: 13 September 2019
New infrastructure supporting the Midlands
Along with the Northern Powerhouse, the Midlands Engine is a government vision for growth in the Midlands region. The coalition of Councils, Combined Authorities, Local Enterprise Partnerships, Universities and businesses are working to present the region as a compelling alternative offer that is attractive at home and overseas for investment outside of the City of London. The Midlands Engine aims to benefit Midlands cities such as Derby, Nottingham, Leicester, Stoke-on-Trent and Birmingham.
Take a look below at some of the exciting projects that are coming to the Midlands to support economic growth.
What is coming up?
Birmingham Curzon Street Station
The new train station in Birmingham is part of the first phase of the High-Speed 2 (HS2) project that will bring high-speed trains to the Midlands region. HS2 will almost halve the travel time between London and Birmingham, from 82 minutes to 45 minutes.
The station is set to open in 2026 and will also connect Birmingham to Solihull, Birmingham Airport and the National Exhibition Centre (NEC). The station is estimated to cost £425m and is part of the £900m regeneration project that will bring in new houses and businesses, such as HSBC and Deutsche Bank who will move to the area upon opening.
Becketwell in Derby is due to be regenerated starting in 2020, once the former Debenhams site has been demolished. An estimated 450 jobs will be created at the site and 280 homes will be built in the £200m project.
The project will seek to change the face of the city centre, and make Derby a more attractive destination for visitors and businesses alike, and will allow Derby to compete with neighbouring cities, such as Nottingham. The Becketwell website outlines the features of the new regeneration, which includes a new public square, an estimated 310 residential units, 25,000m2 of business space, 500 pay and display parking spaces in a multi-storey car park and new hotels, restaurants and cafes.
The City Hub
A new site for Nottingham College has been created by the merger of New College Nottingham and Central College Nottingham. The new site aims to provide a learning space with resources that suits all of their students, as some of the sites that the colleges previously occupied weren’t suitable for all students.
The new building will cost around £60m, with facilities such as a training restaurant, café and performing arts centre, and looks to bring in a new era of further education to the area. The City Hub is due to open in 2020
Newark Southern Link Road
A new section of road for the Midlands will connect the A46 to the A1 over a course of 4 miles. It is designed to help ease traffic and will lower journey times on the Newark Bypass. The area adjacent to the road also has planning permission for a new community development.
The development has permission to build 3,000 houses, retail and commercial centres, a care home, primary schools, community buildings, a medical centre, sports facilities and a green community space. The project is due to be completed in 2020.
Insurance with Premierline
With so many projects coming to the UK in the next few decades, all around the country, not just in the Midlands, the construction industry will be one of the most interesting and exciting industries in the UK. However, because of the nature of the work, it can also be one of the most dangerous.
This is why having a comprehensive insurance policy to cover your business and your livelihood is essential. Whether you require commercial & industrial insurance, contractor insurance or contractors all risks insurance, get in touch with Premierline to speak to an insurance professional. We can assess your business’ needs and will source competitive business insurance quotes from some of the UK’s most well-known insurance companies.
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