Chamberlain Square
Work began from 2015
Retail and Commerical Quarter
Bimingham has 35 miles of canals while Venice has 26 miles of canals
Mailbox Luxury Shopping Centre
HSBC HQ relocation
Greater Birmingham is the UK’s leading centre for financial services outside London.
Birmingham has the largest business, professional and financial services (BPFS) industry in the country, with more than 21,000 companies employing some 220,000 people in the region.
The industry generates £15 billion annually for the local economy.
The new Birmingham head office for HSBC UK represents part of a £200 million investment that HSBC is placing within the West Midlands, £70 million of which was spent on supplies from within 40 miles of site and signals a return to the bank’s Midlands roots.
Opportunites
With an economy worth £24.8 billion, Birmingham had a growth rate of 19.8% in the last five years and is one of the largest growing city economies in the UK.
The following are just some of the reasons why Birmingham is fast becoming one of the most attractive places to invest in, in the UK.
New developments throughout recent years:
1. Birmingham is the youngest major city in Europe with 40% of the population under 25 years of age.
2. Between 2005 and 2015, Birmingham’s population increased by nearly 100,000 and over the next 15 years the population is set to increase by another 150,000.
3. In 2016, the city was ranked most popular location for business tourism events outside London.
4. Birmingham is ranked as having the highest quality of life of any English city outside the capital, by the global Mercer Quality of Living Report 2017.
5. The 1.1 million overseas visitors to Birmingham in 2015 was 17% up on 2014 and the largest increase of any UK city outside London.
6. The city has more schools receiving an ‘outstanding’ OFSTED inspection rating of any regional city.
7. The city has unrivalled connectivity with 114 rail services to London daily, with a fastest journey time of just over 70 minutes. This will be enhanced further as Birmingham will be at the heart of the £56 billion national high speed rail (HS2) project. On completion, HS2 will make the journey time to London less than 45 minutes.
8. International connectivity is provided by Birmingham Airport with 44 airlines serving more than 140 routes worldwide, including a twice daily service to Dubai.
Research
Oxford University predicts Birmingham needs 89,000 new homes between 2011 and 2031, the equivalent of 4,450 a year. Birmingham saw 1,810 net additional homes delivered in the year to March 2015, which leaves the city with an annual shortfall of 2,640 new homes, even before the backlog is taken into account.
This shortfall could build up to at least 26,000 homes from now until HS2 is expected to start operating in 2026, by which time Oxford Economics projects that Birmingham’s 1.1 million population will have grown by 8.0%.
With an economy worth £24.8 billion, Birmingham had a growth rate of 19.8% in the last five years and is one of the largest growing city economies in the UK. The following are just some of the reasons why Birmingham is fast becoming one of the most attractive places to invest in, in the UK.