Roger Lawrence the leader of Wolverhampton City Council says the construction of i54, the new junction off the M54, is the biggest single investment in the UK in the last decade.
Jaguar Land Rover are building their new engine manufacturing plant on the site.
It is hoped that they will help to draw more businesses onto the site, creating more jobs.
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Police are appealing for help on the whereabouts of a man they want to speak to in connection with a series of sexual assaults in Buxton.
Warwickshire Police are appealing for witnesses and information following a suspected arson attack on Donnithorne Avenue in Nuneaton.
A memorial service being held in remembrance of former Coventry City manager Jimmy Hill, will take place later today at Coventry Cathedral.