PLANS to build thousands of homes at Arden Cross three years earlier than anticipated have been given the go ahead.
The agreements have been signed by the public and private sector organisations working on the site in Solihull.
It is estimated around 27,000 new jobs will be created and 3,000 new homes built on the 140-hectare development site which includes the location of the HS2 Interchange Station.
It will also include a multi-storey car parking at Arden Cross for HS2 passengers, which is currently designed as a large surface car park, to free up more space for development.
The signatories are landowners Arden Cross Ltd, the Department for Transport, HS2 Ltd, Solihull Council and the Urban Growth Company, who have committed to a shared objective to seek to release land around the station for development as early as possible.
The negotiations have been supported by the West Midlands Combined Authority, which is providing a £45million loan facility to help fund infrastructure at the site.
It is expected the jobs and homes could be delivered from 2026 onwards, which is before HS2’s planned opening between 2029 and 2033.
HS2 Minister, Andrew Stephenson MP, visited the site alongside regional partners to mark the signing of the agreements.
He said: “The agreement is a landmark moment for regeneration plans around the new Interchange Station and demonstrates the Government’s commitment to work with stakeholders to cultivate local growth, not only in the region but along the entire HS2 route.”
Councillor Ian Courts, Leader of Solihull Council, said: “From my very first discussions about HS2 and talking through the early plans, I have been absolutely committed to ensuring we maximise the economic and employment benefits of HS2 coming to Solihull.
“That meant making the most of the land in and around our new HS2 station, and moving from acres of apron car parking to a multi-storey option is obviously a better use of this valuable land resource.”