A BUDGET of more than £900m, including funding for infrastructure, regeneration and job training schemes that can support the region’s post-Covid-19 economic recovery and help protect the environment, has been approved by the West Midlands Combined Authority.
The 2021/22 WMCA Budget includes a package of major transport projects to help drive economic growth and cleaner air as well as funding to unlock and transform the region’s derelict industrial sites for new, energy efficient homes and jobs, relieving pressure on the Green Belt.
An Adult Education Budget (AEB) of £142m, the biggest of any UK region outside London, will be used to give people, especially those impacted by the coronavirus pandemic, the skills needed to get back into work quickly and to secure jobs in growing sectors such as construction, digital and the emerging green industries.
But in approving the budget, the WMCA Board warned of the financial uncertainty caused by the ongoing coronavirus pandemic with recent independent research also suggesting the West Midlands could be hit harder than any other UK regional economy.
Andy Street, the Mayor of the West Midlands, said: “The investments outlined in this budget will help the West Midlands make significant strides towards a quick and effective recovery from the coronavirus pandemic, as well as tackling the climate emergency facing our region.”
The approved budget includes £363m for the WMCA’s transport arm – Transport for West Midlands (TfWM) – to deliver schemes that will improve connectivity, drive economic growth and help cut carbon emissions by making it easier and more attractive for people to switch to public transport.
The expansion of the electric-powered Metro tram system
The opening of new railway lines and stations at Darlaston, Willenhall, Moseley, Kings Heath and Hazelwell
The development of a ‘Sprint’ rapid bus network using zero emission vehicles
Support for the continuing conversion of buses from diesel to hybrid
More cycling and walking routes
Concessionary travel for older people, the blind, disabled and children
In addition, there will be £11m available for subsidised bus services, £7m for Ring and Ride and nearly £4m to enhance transport for the Commonwealth Games.
More than £116m is committed for housing and land projects and in particular the WMCA’s ‘brownfield first’ policy to unlock and redevelop derelict urban land and help safeguard the Green Belt.
Investments will accelerate the on-going transformation of former industrial sites to deliver energy efficient, affordable new homes and modern commercial premises for businesses to grow and create jobs. There will also be support for the regeneration of town centres and for the research and development of modern methods of construction and zero carbon homes.
Key brownfield housing schemes include:
Up to 750 new homes on a former sewage works at Friar Park in Sandwell
252 homes on the former Caparo steel works at Walsall
The construction of a further 138 homes using cutting edge construction technology on derelict land at Icknield Port Loop in Edgbaston
Around £120m in capital grants will be allocated to local authorities to help fund major infrastructure projects with significant investment in Coventry (Station Masterplan, City Centre South, Very Light Rail, City of Culture), Solihull (UK Central Programme) and Birmingham including £20m for the Commonwealth Games.
The £142m of skills funding will be used by the WMCA’s productivity and skills team, working closely with local authorities, to fund training courses that give people the opportunity to upskill and get back into work, with more training matched to those industries suffering skills shortages, including higher level skills.
Solihull Councillor Bob Sleigh, Deputy Mayor and WMCA portfolio holder for finance said: “It’s important to recognise the significant funding in this budget for new transport infrastructure, brownfield regeneration and skills and training, all of which can help take forward the green agenda and provide support for a future economy that is more focused on innovation and new green technologies.
“Clearly there are challenging times ahead and we will be refreshing our medium-term priorities early in the new financial year with the aim of recapturing our pre-pandemic economic success while driving innovation and carbon reduction.”