The construction headquarters of HS2 will be based in Birmingham around the planned Curzon Street station, the second city’s HS2 terminus.
The centre will create an estimated 1,500 jobs.
It will be co-located with Birmingham’s new Urban Regeneration Company, which will be launched today by Transport Secretary Patrick McLoughlin, HS2 chairman David Higgins, and Birmingham City Council leader Sir Albert Bore.
The Birmingham Curzon Urban Regeneration Company will redevelop over 140ha of land around Curzon Street in Birmingham city centre. It estimates the development will create 14,000 jobs, 600,000m² of new employment floorspace, and 2,000 homes, contributing up to £1.3bn a year to the local economy.
The company has received £30M of funding from the Greater Birmingham and Solihull Local Enterprise Partnership to kick-start development activity, in addition to £130M secured earlier this month from the Local Growth Fund for HS2 related projects.
The funding will help bring forward work to extend the Midland Metro. The planned extension will connect the tram network to the Birmingham Curzon area and link the HS2 terminus directly into the local transport system.
Transport Secretary, Patrick McLoughlin, said: “HS2 is a vital part of our long-term economic plan. By locating the new HS2 engineering HQ in Birmingham we are bringing skilled job opportunities into the area, spreading HS2’s benefits beyond those using the new rail line.
“It is great news that Birmingham City Council has created a company specifically to focus on the regeneration opportunities created by HS2. It will bring new investment and work into the city, helping secure the future prosperity of the region and the country.”
HS2 chairman, David Higgins, said: “The lasting impact of HS2 will, in the end, be determined by how successfully local authorities and regions use it as a catalyst to transform and develop not just their economies, but also the look and feel of the areas it touches. The Birmingham Curzon Urban Regeneration Company will, therefore, be hugely important both for Birmingham and the rest of the West Midlands, and also as an example to the rest of the cities along the route. I acknowledge and applaud the work that has gone on to get this far and wish it every success in the future.”
Sir Albert Bore, leader of Birmingham Council, said: “Since the industrial revolution, Birmingham has been a national capital for engineering, so it is only natural that the HS2 Construction HQ be based in Birmingham.
“HS2 is an important step in rebalancing the country’s economy, supporting growth in the regions and encouraging more inward investment into the City.
“It is essential that we have the power to make local decisions, and the Regeneration Company will allow us to realise the full potential and benefit of HS2 for this area.”