£3.6m investment in derelict Rowley Regis site
A derelict industrial site is to be transformed into a high-quality industrial scheme that could create 100 jobs thanks to a multi-million-pound investment.
The 2.7-acre site on Cakemore Road, Rowley Regis has been derelict for a number of years but will now be home to more than 54,000 sq ft of modern industrial and distribution units which are in short supply across the West Midlands.
The development is expected to provide a much-needed boost for small firms struggling to find suitable premises in which to establish and grow their business, something which is seen as crucial if the regional economy is to successfully recover from the Covid-19 pandemic.
The West Midlands Combined Authority has now stepped in with a £3.6 million loan deal to help Solihull-based Warmflame Developments clean up the site, which was previously occupied by engineering and information technology company Invensys, and build the premises which when fully let will be home to around 100 jobs.
Andy Street, Mayor of the West Midlands,visited the site on Tuesday to officially get work underway and said: “Remediating derelict brownfield land to turn into new homes, communities, and businesses, has been one of the real success stories of the West Midlands in recent years, and we must not allow the pandemic to knock us off course.
“Since the outbreak we have already secured more cash from Government to keep up this work, and I am delighted we are continuing to find new sites to develop – such as this one in Rowley Regis.
“As well as protecting the greenbelt and regenerating eyesore sites, brownfield remediation also has a critical role to play the economic recovery from coronavirus.
"Committing to clean-up derelict sites helps guarantee work for local firms, protecting and creating jobs.”
