The council says it aspires to “replicate the success of Canary Wharf”, the new London business district that has grown over the past 25 years.
The Snow Hill Masterplan also outlines the improvement of transport links such as the redevelopment of Snow Hill station – the main connection between the business district and London – which will include new commercial buildings replacing its multi-storey car park. The plan aims to encourage London-based firms to expand in Birmingham, as Deutsche Bank did last year.
Council leader Sir Albert Bore said: “Birmingham is putting in place the building blocks for a global business and financial centre. The city is already investing heavily to ensure that firms have everything they need to thrive here.
“The Snow Hill Masterplan provides a bold and exciting proposal for how Birmingham can continue to grow its thriving business and professional services sector. With time, we want the city to replicate the success of Canary Wharf, with areas like the Snow Hill district forming the cornerstone of this vision.”
He added: “With the successful £600m transformation of Birmingham New Street – one of the UK’s busiest train stations – due to complete later this year, we are already looking at how other parts of the city can capitalise on upgraded transport schemes.”
A six week period of public consultation on the Snow Hill Masterplan will run from 9th February 2015 until 23rd March 2015. The strategy can be downloaded here.
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