St Modwen were set to receive £30 million through AdvantageWM, to fund vital work on the infrastructure of the development.
The Birmingham Post quotes Birmingham City Council assistant director of development David Bull as saying “At Longbridge, where as you know, 6,000 Rover jobs disappeared a few years ago, we are being held back from development in that area because we need £30 million worth of infrastructure investment to open up the 140 hectare site.
“We can bid for that through the Regional Growth Fund, or we can bid for that through TIF funding-Accelerated Development Zone funding, but there are a lot of hoops to jump through when it is obvious that, if we had the funding for capital, we would be able to create 10,000 jobs in that area more rapidly.”
St Modwen is working closely with the council to try and secure alternative funding and continues with the road works on the A38 Bristol Road South and Longbridge Lane to improve access to the new Bournville College, for which £7 million funding is in place.
Read the full story from The Birmingham Post