Three areas of Birmingham will receive part of a £100m investment to help fund infrastructure projects and boost local growth.
In total, 13 Enterprise Zones across Britain have been given the green light in a bid to attract business and create jobs.
The areas of Birmingham include:
Masshouse – city centre: This area is set to becomes a major city centre office employment space.
Argyle Works – Great Barr Street: The Greater Birmingham and Solihull local enterprise partnership is upgrading the city’s digital infrastructure, bringing ultra-fast broadband to the area.
Arena Central – Broad Street: Arena Central is a 9.2 acre regeneration site in the heart of Birmingham City Centre. The Enterprise Zone will fund a new pedestrian link between Broad Street and Holliday Street and help create ready development plots on Bridge Street and Broad Street.
Enterprise Zones have already created 3,000 new jobs across the country, attracted 126 businesses, generated 105,000 square metres of new commercial floorspace and secured almost £229 million of extra private sector investment.
An enterprise zone in the East Midlands has been awarded £7m to boost economic activity and create jobs.
Northampton's Waterside Enterprise Zone will be given the cash by the South East Midlands Local Enterprise Partnership. The money comes from the Government's Growing Places Fund.
It has not yet been confirmed how the money will be spent but the Borough Council says it is likely to be invested in three key projects:
A £2m investment to improve traffic flow around St Peter’s Way roundabout and Northampton Station
Site investigation work to improve the condition of land on one of the key Enterprise Zone sites at Sixfields.
Negotiations will be held with landowners in areas of the Enterprise Zone that is not in public ownership with a view to creating sites ready for development
“This is a significant investment in the Enterprise Zone that will really kick start our plans. The funds will help us deliver a range of schemes that will push development forward and unlock the massive potential that the area has to bring jobs to Northampton.”
– Cllr David Mackintosh, Leader of Northampton Borough Council