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Home Local News

£5m funding boost for Birmingham’s Stone Yard apartment scheme

Genesis Radio by Genesis Radio
23 March 2021
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£5m funding boost for Birmingham’s Stone Yard apartment scheme
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A major residential project in Birmingham city centre has been boosted by £5 million in funding.

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West Midlands Combined Authority has invested the capital into the £280 million Stone Yard scheme where Birmingham developer Court Collaboration has consent to build 995 apartments on the former Bull Ring Trading Estate in Digbeth.

The complex will be built across seven blocks of differing heights up to 32 storeys with all units available to rent only.

There will be a 20 per cent provision of affordable housing, based on the combined authority’s definition linked to local wages rather than property prices, alongside 30,000 sq ft of commercial space for uses such as a gym, cinema and co-working space.

The combined authority’s contribution will pay for the clean-up of the land at the corner of Alcester Street and High Street Deritend which has stood vacant in recent years but also once housed a Peugeot showroom.

The Birmingham Post Business Awards are back for 2021 and now open for entries here. The event will be held online only on Tuesday June 15 and will celebrate businesses and individuals across 12 categories including our overall Company of the Year and a special covid award.

The deadline to enter the awards is Monday April 19 and sponsorship opportunities are also now available. Please email [email protected] for details and follow the hashtag #BPBAwards for updates on social media.

The ceremony will be hosted on our new virtual events platform The Awards Room which gives nominees and sponsors the chance to experience real-time networking and hear from speakers.

All of your attendees will be placed together on your own table and you can invite people from outside your group to join you during the event.

Your table will also have private chat, allowing you to communicate with your colleagues during the awards. For more information about our Business Awards and events please visit www.reachplcevents.com.

West Midlands Mayor Andy Street said: “It really is brilliant news that another 995 homes on brownfield land are to be built in the region, creating more local jobs and helping to protect precious greenbelt land.

“I am particularly pleased that this development is in Digbeth which is undergoing a radical transformation.”

Court Collaboration chief executive Anthony McCourt added: “We’re delighted to have secured this investment from the combined authority and look forward to starting on site in the coming months.

“The Stone Yard is one of several fantastic developments coming forward in the heart of Birmingham and we’re immensely proud to be at the forefront of ambitious, innovative and thoroughly modern development in our beloved city.”

The project is expected to be completed by 2026.



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