AN ADDITIONAL £2.4million in funding has been awarded to Redditch Borough Council for the Innovation Centre development.
The funding has been secured from the Enterprise Zone Regeneration Investment Fund (EZRIF) to a total of £2,425,000.
The EZRIF support will allow the Council to progress essential activity required to complete the project.
The awarded money is part of a wider £20 million commitment made by the Greater Brimingham and Solihull Local Enterprise Partnership (GBSLEP) in 2014 to support the eight local authorities included in their area.
The EZRIF programme and commitments were honoured when the GBSLEP was transferred to Birmingham City Council in 2023.
The EZRIF was designed to ensure that all local authorities in the GBSLEP region could share in the success of the Enterprise Zone, contributing to the wider regional economy.
Leader of Redditch Borough Council, Coun Sharon Harvey, said: “The Innovation Centre is an opportunity for businesses, not only in Redditch but from the surrounding areas.
“With workshops, offices, amenities, and business support services there will be a unique opportunity for local people to springboard their businesses to the next level in a supportive and collaborative environment.
“To have over £2 million in confirmed funding is another exciting step on the path towards opening its doors.”
Deputy Leader of Birmingham City Council, Coun Sharon Thompson, said: “This is really good news for businesses and residents in Redditch and the surrounding area.
“It demonstrates how Birmingham’s growth and the success of the Enterprise Zone are driving wider economic opportunity right across the region.”
The project is a central part of the Council’s wider regeneration programme for the town centre.
Work is scheduled to begin in Summer 2026. Doors are expected to open to business by the end of 2027.
