Birmingham notes a transformative investment in a new sports neighborhood – Gov.uk

• Following the planning chancellors to continue further, the faster for the growth of the American company Knighthead has invested £ 100 million in the regeneration project in East Birmingham.
• The project of the sports neighborhood will include a stadium with 60,000 seats, sports facilities and commercial and living spaces, creating 8,400 new jobs and will lead to further investment.
• The announcement is the latest in a series of investment to increase work across the country showing that the change plan works.

The US company Knighthead has invested £ 100 million in East Birmingham, showing how the government plan for change increases jobs and opportunities in West Midlands.

The new site is evaluated to create 8,400 new jobs a year in Birmingham, while supporting the broader city and West Midlands. The investment will pave the way for a new 60,000-seater stadium, along with a sports campus from training facilities, a new academy and the community terrain. Beyond sports, the campus plans also include leisure, commercial and housing development.

Business secretary Jonathan Reynolds will visit the site and learn how to expect the new sports neighborhood and the surrounding area to provide £ 370 million each year.

Investment is central to the government’s mission to provide economic growth that will create jobs, improve the standard of living and make communities and families across the country as part of our change plan.

Business and Trade Secretary Jonathan Reynolds said:

West Midlands is an investment power and this project will not only play a vital role in attracting thousands of new jobs in the area, but will invest more money in the pockets of the local community here in East Birmingham.

Seeing global investors putting billions in the UK economy shows that the change plan is working, with more and more companies choosing the UK. This is another vote of confidence in our plans to achieve growth, which supports qualified jobs and enhances the standard of living across the country.

This is the most in a series of investment projects in West Midlands, as the region continues to be power for investment. West Midlands attracted over 130 projects for foreign direct investment in 2024, creating 7,581 jobs.

The unfolding of the full potential of cities and regions of the United Kingdom is the main goal of the government’s industrial strategy. Facilitating investment such as this is central to achieving this goal.

Secretary of State of Culture, Media and Sports, Lisa Nandi said:

The Birmingham sports neighborhood is an exciting endeavor that emphasizes how sports can be an important engine for regeneration and growth.

In the various divisions, our professional football clubs are vital assets of the community in the heart of cities across the country, so it is fantastic to see investments directly benefiting the residents of Birmingham and the wider region.

Investments continue to flow into the United Kingdom Sports Sector at an unprecedented level. The United Kingdom is an attractive destination for investors who seek to take advantage of different streams of revenue and long -term growth prospects.

The commercial attractiveness of the Sports Sector of the United Kingdom is supported by both heritage and heritage and his position in the latest innovative sub-sectors such as sports and women’s sports.

The visit to the business secretary comes after the meeting of the Birmingham Football Football Club in Birmingham Tom Wagner with Minister of Investment Baroness Gustafson OBE for one purpose, the Government’s annual conference on sports investment. The Business and Trade Department continues to support transformation institutional investments in sports and local communities in the UK.

Co -founder of Knighthead & Chairman of the Birmingham Football Club Tom Wagner said:

Birmingham and West Midlands have a huge unused growth potential and we intend to take advantage of this opportunity. With the support of the government, the sports neighborhood can be a catalyst for regeneration, transforming the prospects for people into one of the most overwhelming parts of the United Kingdom and the accumulation of interest and investment from around the world.

Richard Parker, Mayor of West Midlands, said:

This investment is a huge vote of trust in Birmingham and West Midlands. This was made possible by strong partnerships with Knighthead and others involved in the growth of our region.

We have worked to create the perfect conditions for attracting investment and this will bring thousands of jobs, new opportunities and great economic impetus.

Working with Tom Wagner and Knighthead, we will unlock the full potential of our region – providing the sports neighborhood and a lasting change for the region.

The message comes after the Chancellor swore to continue faster to start economic growth last week, as the government wants to help put more money into people’s pockets.

The budget in the fall fixes the foundations of the UK economy by placing measures to support economic and fiscal stability and long -term investment in national infrastructure.

Investment is central to the government’s mission to provide economic growth that will create jobs, improve the standard of living and make communities and families across the country as part of our change plan.

The new modern government’s industrial strategy will provide long -term, sustainable, inclusive growth in the UK, leading to investment in the economy and stability of Hardwire for investors, giving them the confidence to plan not for the next year, but for the next 10 years And beyond.

Notes to the editors

• Today’s message came out of the back of Knighthead, announcing its regeneration project worth 3 billion in British pounds last March and also followed the acquisition of the company from the Birmingham City football club in 2023.