Invest DY5 Enterprise Zone
DY5 – Dudley’s Business and Innovation Enterprise Zone is a major investment opportunity in the West Midlands seeking development partner / funder and equity investment on sites ranging up to 3.3 hectares and covering a selection of commercial and residential uses. The council particularly welcomes interest in joint ventures / development partnerships. The development sites are a key part of the enterprise zone with a range of mixed use developments including office, residential, retail and hotel.
This comprehensive investment programme includes the following projects:
- Portersfield retail / leisure and residential scheme
- Dudley transport interchange
- Housing and employment site in the town centre
- Dudley gateway infrastructure package
Overview
DY5 covers 40 hectares offering office, technology, leisure and residential high density mixed use development opportunities in the strategic centre of Dudley. The development are in a prime waterfront location incorporating historic canal basins. A major metro link to Birmingham city centre and beyond is to be completed in 2023, the major retail shopping centre of Merry Hill is adjacent to the site making this a most desirable development opportunity within the West Midlands region.
The Enterprise Zone is located just 8 miles from Birmingham, in the centre of the Black Country and has a long history of manufacturing with 14.8% of its workforce employed in manufacturing compared to a national average of 8.5%. This sought after development offers a high tech hub connecting to the region’s traditional manufacturing and industrial heritage, and complemented by significant high quality and modern residential units.
Project Description
Scale: £800m GDV
Sector: Mixed use- residential, office, retail, hotel, industrial-manufacturing
DY5 Business and Innovation Enterprise Zone is delivering exciting new opportunities to invest in the development of Dudley as a strategic centre in the West Midlands with significant residential and office development. The Enterprise Zone was created in 2017 and offers numerous benefits including business rates reduction and land remediation funding.
The key projects within the area are:
- Canal Walk – a residential led mixed-use development of 155,000 sqm
- Archill – a development covering 153,000 sqm of mixed use office/residential and car parking
- Level Street – a further mixed use office, residential and retail development over 174,000 sqm, which also includes a new hotel with car parking
- Harts Hill – an estimated 100,000 sqm development for high value and advanced technology
DY5 will be supported by new transport infrastructure including Metro and strategic rail links infrastructure (circa 400 million) and a new highways and transport improvements (circa £10 million).
Find out more about DY5 - Dudley’s Business and Innovation Enterprise Zone.