A new residential area in Steelhouse Lane, pedestrianisation on Colmore Row and giant new offices form part of the groundbreaking Snow Hill Masterplan .

Images taken from the masterplan show dramatic proposals for offices, homes and public spaces in the city’s business district.

At the launch of the project, city leaders said demand from businesses looking to invest in Birmingham is soaring.

They say they are fielding more calls than ever from financial and professional services firms looking for a base in the city, buoyed by successes like Deutsche Bank which has rapidly expanded at Brindleyplace .

Sir Albert Bore, leader of Birmingham City Council, told the Post: “There is immediate potential. We are going to see a shortage of Grade A office space by the end of this year, I think that is pretty clear now.

“We need, therefore, to get on with more Grade A space but in an environment which gives you a well-managed business district.”

As the gallery on this page shows, the proposals include significant changes to Snow Hill Station, including giant new office blocks.

But there is also St Mary’s Place, in the Steelhouse Lane area, which will house a residential scheme aimed at young professionals.

Neil Rami, chief executive of inward investment agency Marketing Birmingham, said he is fielding a lot of calls from professional services firms keen on the city.

“We are already seeing a lot of interest from the legal sector and those companies which are wanting to benefit from High Speed Two being here,” he said.

“The demand is there and this proves there is an ambition to grow the city core – but the most important thing is I think this will unlock funding.”