Midlands Property David Casey

A vision to create more than 2.8 million sq ft of industrial space as part of a £350m scheme is set to be showcased to investors today (14 March 2017) by business leaders from Birmingham.

Birmingham City Council is launching a 'Visioning Document' for Peddimore, close to Sutton Coldfield town centre, at property festival MIPIM, taking place in Cannes.

Peddimore sets out the development principles that can deliver this major industrial scheme and ultimately create 10,000 jobs.

Waheed Nazir, strategic director – economy at Birmingham City Council, said: "Peddimore is a unique opportunity for a developer to partner with the city council in delivering a major industrial development at the heart of the UK.

"We are already home to some of the UK’s major manufacturing and automotive companies, such as Jaguar Land Rover. The Peddimore development will allow us to capitalise on that position and create the opportunity for major international companies to invest and grow in Birmingham."

In February, Insider reported that the plans for Peddimore had advanced after Birmingham City Council approved a series of measures designed to kick-start the scheme.

Councillor John Clancy, leader of Birmingham City Council, said: "Peddimore shows our ambition to deliver an exemplary industrial scheme that will become a catalyst for major growth and investment.

"This is a fantastic opportunity to bring thousands of skilled jobs to the area on the edge of our great city with enviable transport links. We’re confident that this scheme will attract even more world-class businesses to the region, and I believe that presenting this Visioning Document at MIPIM will be the first step toward delivering a true legacy in the local area."