Birmingham's business leaders have given full backing to the city's bid to host the 2026 Commonwealth Games.

Following weeks of reports and rumours, it was confirmed that Birmingham would be lodging a formal submission to host the games in ten years' time.

Senior figures in the city have thrown their weight fully behind the bid despite concerns from some quarters over how much the project could cost.

Paul Faulkner, chief executive of Greater Birmingham Chambers of Commerce, said: "It would present a huge range of opportunities for all businesses and the bid itself will bring a focus on Birmingham at a time when it is driving its importance on the global stage.

"We already have a great track record in delivering huge sporting events, including the World Indoor Athletics Championships, ICC Champions Trophy and Davis Cup tennis.

"We greatly look forward to actively supporting the bid."

Birmingham Airport chief executive Paul Kehoe added: "We will be assisting our regional partners involved in pulling together the bid to show that Birmingham is the right choice for this major event in 2026.

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Watch: Potential venues for 2026 Commonwealth Games in Birmingham

"Birmingham Airport currently serves 440 direct or one-stop flights around the world and by 2026 will be the first UK airport served by HS2, growing the catchment and making access from the South East faster and easier."

Birmingham City Council will now commission a full feasibility study and form the Commonwealth Games 2026 bid organising committee to progress the city and region's ambition to host this high-profile event.

City council leader Coun John Clancy said: "Birmingham is a fantastic sporting city and we have proven ourselves to be warm, welcoming and friendly hosts to a number of international events in recent years.

"In addition to the huge economic impact, these events showcase the very best of our city and wider region to the world."

Daniel Dalton, Conservative MEP and former Warwickshire CCC player, added: "The 2026 Commonwealth Games can be an event to match the aspirations of the city as well as the West Midlands as a whole and complement our sporting heritage.

"In 2002, the games in Manchester were the catalyst for new jobs, better transport and urban regeneration...no other potential host has as much to offer as Birmingham"