Grammy Award-winning Coventry record producer Roger Lomas wants to set up a centre of excellence for pop music in the city.
Roger, who recently worked on DVDs for Ozzy Osbourne and Happy Mondays, and re-recorded Roy Wood's classic hit I Wish It Could Be Christmas Everyday, aims to create a top music academy.
And he is seeking advice about the project from accountants Pilley & Florsham.
Laurence Moore, a partner with the firm who also acts for local bands and entertainers such as radio presenter Bob Brolly, said his firm had been asked to prepare a feasibility study.
"Roger has been Coventry's Mr Music for 40 years and he wants to put something back into the city,"
said Mr Moore. "He has an enormous amount of both retro and state-of-the-art studio recording equipment which he wishes to make available to talented youngsters in the region."
Mr Lomas wants the academy to cater for technicians as well as musicians.
"There is a wealth of potential talent in this region and the academy will be a centre of excellence for anyone wanting to be part of the music business," said Mr Lomas. "But, unlike the courses at colleges and music schools, it will not be limited to term-times or to weekdays. Creativity doesn't stop at 5pm. I want the academy to be open late into the night as well, when many creative people are at their best."
Mr Lomas, who is best known for his production work with 2 Tone bands, achieving 18 hit singles along the way, was also an extremely successful musician in his earlier years.
Recent projects include the likes of The Bluetones, Elkie Brooks, Echo and The Bunnymen, and a remix of a classic recording of ELO.