Plans to transform Walsall car park into canal-side neighbourhood backed with £787,000 cash boost
Plans to transform a neglected car park in Walsall into a family-friendly waterside neighbourhood have received a £787,000 boost.
West Midlands Combined Authority put forward the funding which will see 15 town houses built on canal-side land off Marsh Lane.
The modular homes will be built off-site, before being delivered and craned into place at the town centre site near the New Art Gallery.
Homes for the scheme, named Walsall Waterfront, will be made using Advanced Methods of Construction (AMC) by Urban Splash.
West Midlands Mayor Andy Street said: "We are yet to emerge from this awful pandemic, but throughout the last year we have done all we can to stop Covid-19 knocking us off course.
"We have continued to use the money we have secured from Government to unlock and transform brownfield sites, helping to build new high quality homes that people need whilst protecting precious greenbelt land. Our investments have also helped to create and secure local jobs for local people by guaranteeing work for the construction sector.
"Walsall Waterfront is particularly significant because not only is it new homes and new jobs, it will also be a prime example of Advanced Manufacturing in Construction (AMC) in action in the West Midlands.
"As well as delivering more homes at a faster pace, this new way of building means we can build homes that support our fight against climate change and drive the growth of innovative, green industries which will provide the well-paid local jobs of the future."
The scheme is the latest collaboration between the WMCA and developer Urban Splash as part of a partnership deal – signed last year – to deliver more than 10,000 homes across the West Midlands.
Nathan Cornish, from Urban Splash said: "We are delighted to once again work with the WMCA to realise our plans – which will breathe new life into this undeveloped piece of land next to the canal.
"We’re excited about bringing our AMC town houses to Walsall. These residents will have bars, restaurants, shopping, a cinema, a hotel and even an art gallery all on the doorstep, in what will be a thriving mixed use community in the heart of the town."
The new homes will sit alongside "Waterside Square" on the east – a new park which will feature outdoor seating, whilst at the western end of the site, Canalside Gardens will provide a softer, greener and more informal canal-side public space.
Councillor Mike Bird, WMCA portfolio holder for land and housing and leader of Walsall Council, said: “Even before the pandemic, many town centres were struggling to keep up with changing shopping habits and the fast rise of online retailers.
“We recognised in the Walsall Town Centre Masterplan that towns need to move away from being so retail-focused and look to diversify their offering. That means more homes, public services, offices, and start-up spaces, combined with better transport links and safety measures.
“So this WMCA investment to enable the Walsall Waterfront scheme to go ahead is good news for this part of the town, bringing new life and vibrancy."
Access to funding for the scheme was provided by Frontier Development Capital Ltd (FDC), a fund manager working closely with property developers to arrange investments from the WMCA’s Collective Investment Fund (CIF), Revolving Investment fund (RIF) and Brownfield Land and Property Development Fund (BLPDF).
