Published: 14th Jan 2019

The Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) has agreed to provide £51m to help fund a controversial regeneration project. The GBSLEP board ‘provisionally’ agreed to provide the funding for the £700m Paradise Birmingham project at an extraordinary meeting before Christmas. ‘After a thorough due diligence process, the GBSLEP Board has provisionally approved additional funding for Paradise worth £51m,’ said a GBSLEP spokesperson in a statement. ‘This decision is subject to the formal governance process being completed in early 2019.’ The regeneration project includes 10 new buildings for offices, shops and dining, hundreds of car parking spaces, a new hotel and public spaces between Centenary Square and Chamberlain Square. City centre landmarks such as the former central library and Fletchers Walk have been demolished to make way for the scheme. The scheme hit the headlines last year after it was revealed Birmingham City Council had been forced to hand over … (To read the full article, subscribe below)