Thirty thousand jobs are expected to be created in Wolverhampton over the next two decades, it has emerged.
The Wolverhampton Development Company (WDC) believes that will be the number of new jobs be created by 2031.
Formed in 2007, WDC’s mission is to increase the pace, scale and quality of growth opportunities to create a sustainable and prosperous future for the city’s 236,900 people. This week saw the launch of WDC’s vision for how Wolverhampton will emerge as ‘one of the most successful cities’ of the 21st century.
More than 100 business and civic leaders gathered at the City’s historic Chubb building to learn how, within the next three years, WDC’s approach will ensure that Wolverhampton is on track to become a city of opportunity.
WDC outlined its triple-pronged role as:
* To ensure the delivery of significant high quality development/investment opportunities
* To identify future opportunities
* To promote the city to would–be investors and their advisers.
Stephen Catchpole, chief executive of WDC, said: “We’re absolutely clear that our most important task is to help attract and grow businesses to create the growth required to provide 30,000 new jobs by 2031.
“Our three year plan sets out how we’re 100 per cent dedicated to working in partnership with others and by doing so become their partner of choice to bring about one great city of opportunity.”
Graham Mackenzie, chairman of WDC, added: “Wolverhampton already has many attributes: an enviable central location, superb transport links, an excellent university and college, and world-class businesses, to name but a few. We’re urging developers and investors to get in touch to explore how they may benefit from the 17,000 acres of dynamic city that Wolverhampton offers.”
Central to achieving the ‘vision’ for the city is the successful development of i54, the flagship technology–based park adjacent to Junction 2 of the M54, and the creation of a significantly enhanced office market in the city centre.
Key activities in WDC’s delivery programme include undertaking an assessment of the city centre office market, producing masterplans for the Stafford Road Corridor and the Canalside Quarter and participation in the preparation of economic development and transport infrastructure plans.
Additionally, bids to partners for £42 million of capital funding for the three year period are to be made to lever in some £345 million of private sector investment.
The launch event also saw the premiere of a promotional video commissioned by WDC for Wolverhampton entitled, ‘City of Opportunity’.
The three-minute production features footage and computer generated graphics that outline the city’s existing assets and future developments. WDC is encouraging its use by public and private sector organisations to champion the city at every opportunity.
In addition, WDC showcased a 3D animation which illustrates how the city will be physically transformed over the next three and 15 years.
The computer generated ‘model build up’ takes the viewer on a journey around the city centre and features developments such as the new public transport hub, Interchange, the Summer Row retail centre and Victoria Hall’s student residential village including a landmark 25-storey tower.