PROPERTY FUNDING
WMCA BLPDF
Regenerating brownfield sites and supporting long term growth in the West Midlands with the West Midlands Combined Authority - Brownfield Land and Property Development.
Investment available : up to £5 million
Transaction type : Land remediation
Location : Within WMCA region
Sector : Any development
Launched by the West Midlands Combined Authority (WMCA), the BLPDF is targeted at regenerating brownfield sites across the West Midlands, providing much needed employment and residential accommodation.
Key features:
- Available to regenerate brownfield sites across the WMCA’s geography.
- Eligible projects include commercial and residential.
- Maximum investment £5 million.
- Funding is grant funding however other instruments may be used where developer super profit anticipated. Security will be taken where feasible.
- Maximum repayment term (if applicable) – 10 years.
Eligibility:
- Known or referenced developers with a successful and proven track record of delivering regeneration projects.
- Strategic brownfield regeneration sites that are unlikely to be redeveloped in the short term via normal capital markets.
- Located within the West Midlands Combined Authority area.
- Must be state aid compliant. Legal advice should be taken before applying.
- All cases are subject to a formal credit approval process. Proposals are looked at on a case by case basis.
- Terms and fees will apply.
Contact an Investment Director:
WMCA area:
Metropolitan Authorities
- Birmingham City Council
- Coventry City Council
- Dudley Metropolitan Borough Council
- Sandwell Metropolitan Borough Council
- Solihull Metropolitan Borough Council
- Walsall Metropolitan Borough Council
- City of Wolverhampton Council
Non-constituent members
- Cannock Chase District Council
- North Warwickshire Borough Council
- Nuneaton and Bedworth Borough Council
- Redditch Borough Council
- Rugby Borough Council
- Shropshire Council
- Stratford-upon-Avon District Council
- Tamworth Borough Council
- Telford and Wrekin Borough Council
- Warwickshire County Council
Need to discuss a site?
Call 0345 319 4528