A planning application has been submitted for the much anticipated expansion of the Innovation Birmingham Campus. Funding is in place for the 38,000sq ft (3,350sqm) iCentrumTM building, enabling construction work to commence as soon as planning approval is granted.
The new businesses in iCentrumTM will create 400 high-value skilled tech jobs, generating £25 million of GVA to the local economy per annum.
The Innovation Birmingham Campus is wholly owned by Birmingham City Council. A commercial loan for the £7.5m construction and fit-out costs has been secured from the Council. As a result of an OJEU tender process, iCentrum will be delivered by Stourport-on-Severn headquartered Thomas Vale Construction Ltd, which is part of one of the world’s leading construction groups, Bouygues Construction.
Sir Albert Bore, Leader, Birmingham City Council said: “I am delighted with the progress that Innovation Birmingham has made in developing its concept for iCentrumTM,. This scheme will be central Birmingham’s first speculative development since the completion of The Cube in 2010 and it signifies new market confidence and adds demonstrable substance to the recent focus on Birmingham as a ‘tech city’.”
To read more about Innovation Birmingham and the full press release click here