Education
Residential
Urban Regeneration
Grove Lane Masterplan
The Grove Lane area is one of Sandwell’s key regeneration areas, with a vision of transforming the former industrial land into a new, well connected residential community.
More than 800 new homes will be delivered over a phased period, with community infrastructure to support this. Extensive areas of land will be regenerated surrounding the new Midland Metropolitan University Hospital which is set to open late 2024.
The first phase of housing delivery has already been completed with 143 new modular-style homes at Cranford Grange and there has been a further planning approval for 392 dwellings at London Street in June 2023. Further phases will come forward for development in the coming years.
Most of land is privately owned with recent significant developer interest signifying the attractiveness and potential for investment in this area. The area is also included within the Smethwick Town Fund Investment Plan which was awarded £23.5 million in March 2021.
A bid for a further £18m of Levelling Up Fund Round 3 has also been submitted in order to acquire and remediate land to progress to the next phase of regeneration. An announcement of the funding award is imminent.
Key facts
- Deliver 800 new homes over a phased period
- Midland Metropolitan University Hospital which is set to open late 2024
- First phase of housing delivery has completed delivering 143 new modular style homes at Cranford Grange
- Included within the Smethwick Town Fund Investment Plan which was awarded £23.5million in March 2021
- Bid for a further £18m of Levelling Up Fund Round 3 has also been submitted
Opportunity location
Why invest in Sandwell?
Sandwell, in the heart of the West Midlands, has a diverse economy thanks to innovative companies and a highly skilled workforce. It is home to a pro-business council that supports your growth and development.
The region is home to around 9,000 businesses – exciting and dynamic companies which collectively employ approximately 140,000 people. Sandwell is part of the West Midlands and Birmingham city region and has expertise in key sectors such as advanced manufacturing and production, health and care, and logistics among others. They also have a young, diverse population and hold competitive property prices in comparison to much of the rest of the UK, so commercially our area remains in high demand yet still offers good value for money compared to alternatives.
Thanks to Sandwell’s excellent transport links, including the M5 and M6, with many skilled people, and the cost-competitive location at the centre of England, more and more companies are looking to Sandwell to fulfil their business needs.
Sandwell is growing. Up to £3bn of investment between 2022 and 2027 will fund regeneration across the six towns, improving quality of life and making Sandwell a more sustainable, greener place. The £3bn pipeline includes 69 live regeneration projects being delivered across Sandwell, funded by a range of public and private sector investment. These include housing, education, skills, commercial and transport.
Sandwell’s regeneration plans aim to improve the quality of life for our residents, create more well-paid, fulfilling jobs and a healthier, wealthier Sandwell.
Insight for investors
- Type of investment aought: Capital investment
- Target investor(s): Investor occupiers
- Value: £100m GDV
- Site size: 28 hectares
- Timescale: Coming soon
- Delivery timescale: TBC
- Planning status: Site allocated in local plans