EXCLUSIVE: Brum loses control of £1bn project as costs double

By Martin Ford | 11 September 2018

Birmingham City Council has been forced to hand over control of its £1bn city centre regeneration, amid spiralling costs and governance criticisms, The MJ can exclusively reveal.

The decision to hand management responsibility to the Greater Birmingham and Solihull Local Enterprise Partnership (LEP) comes as the cost of the centrepiece Paradise Birmingham joint venture is expected to more than double from £88m to £188m.

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Finance Regeneration Local Enterprise Partnerships