THE FUTURE FOR WOLVERHAMPTON CITY CENTRE.
Plans to massively increase the amount of people living in central Wolverhampton are said to be the catalyst to regenerating the city. A city showcase was held at Molineux today to discuss plans.
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00:00 If you look at the major cities across the country, the one thing that sticks out and the commonality there is city centre living.
00:07 So this is our steps and our policy to move into that space of city centre living.
00:12 For me it's important because all the jobs that we'll get, not just in the construction but the spin-off,
00:18 will be that there's a market right on the doorstep of the city centre, so we're repurposing and re-imaging the city centre.
00:24 We'll soon be re-opening our new cinema in the Trough building. That will also add a new food venue in that zone,
00:33 but also we need to make sure that we capture that entertainment space and hospitality.
00:38 That's why we'll soon be opening this year the Bell Works, that'll be coming on screen.
00:44 I think what's important is we're just about to launch our review of the late-night economy,
00:50 and generally the entertainment economy for our city. We're going to ask that the scrutiny review looks at not just the late-night economy,
01:00 but the economy in general, and that's the reason why we're bringing these projects there, because we need an audience,
01:05 but they need something to do, so we want them to work, play and enjoy living within our city.
01:10 Our city is a great city to come and live in.
01:12 The council has been working on arrangements for places for new housing schemes within our city centre.
01:20 Just to name a few, Place First, Wavensmere Island, Capital and Centric, English City School led by Mews and Arms England.
01:28 But let me tell you another story. The projects that will revitalise our city centre,
01:34 it's important that Canalside utilises brownfield sites to live in 2,000 homes.
01:41 We also want to work with the private sector schemes, especially schemes like the Sunbeam factory and the development of Paragon Living.
01:50 Across the city centre investment, there will be a combined total of ÂŁ2.6 billion working with private projects,
01:59 providing 6,500 new homes and bringing 4,000 new jobs.
02:04 The collective impact being a potential of extra spending power, which will be in the range of ÂŁ80 million per year for the city centre economy.
02:14 We would be furious to turn our backs on that.
02:17 Across England now, people are starting to look at Wolverhampton as a place where perhaps there is something interesting happening.
02:25 And as I say, we're going to start to have conversations now with people who are absolutely responsible for delivering that vision.
02:34 So, if we're going to look at the video that will bring groundbreaking developments to life.
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04:27 So, being at the Molineux, it's appropriate to say there's a golden future for Wolverhampton.
04:35 Well, we'd like to think so.
04:37 We're at the very early starts of that and we need to progress that.
04:40 But we need to make sure that we're building flexibility because God knows what could be thrown at us, arping back to COVID.
04:47 So, we need to move on from that but build firm foundations and this is the start of that.
04:52 That's great. Thanks very much, Stephen. I hope today's event goes well.
04:55 I'm sure it will. Thank you for coming.
04:56 Thanks again.