The council expects the Masterplan to generate:
• 1,359 new homes;
• £6.6 million extra expenditure by new residents in West Bromwich;
• 1,740 new jobs;
• 12,000m2 of new retail floor space -replacing 30,000m2 of out-of-date and vacant retail floorspace;
• significant health, education and community uses;
• Improved public transport accessibility.
Councillor Iqbal Padda, Sandwell’s cabinet member for regeneration, said: “I’d like to thank everyone – individuals, community groups and businesses – who took the time to give their feedback on our proposals for a new, dynamic vision for the town centre.
“The role of town centres is altering because of changing consumer patterns, increased online shopping and high rents resulting in businesses closing, and this has been made worse with the Covid-19 pandemic.
“We want the Masterplan to act as a catalyst for change, so we can tackle and reverse the general decline of the town centre. We want to look at how we can transform existing spaces in the town centre to new uses, such as creating residential homes.
“We also need to make sure we take advantage of the opportunities created as a result of the significant Town Deal funding we’ve successfully bid for. The Masterplan will provide a single vision and strategy and will also make sure we take full advantage of the unique opportunities created as a result of the significant Town Deal funding we’ve successfully bid for.
“This is a long-term vision for the next 20 years which I believe will boost confidence and generate significant investment, securing future growth and prosperity.”