A landmark £2.5 billion investment is set to transform Birmingham, delivering thousands of new homes, creating jobs, and improving council housing as part of the city’s most significant housing development in a generation.

The regeneration is being led through a partnership between Birmingham City Council and Berkeley St Joseph, part of the Berkeley Group. The partners are working closely with local residents to shape a shared vision for the future of the area, with ongoing community consultation informing a detailed masterplan.

The partnership's current ambition is to deliver up to 12,000 new homes, a figure that will be tested and refined through the masterplanning process in collaboration with residents and stakeholders. At least 20% of the new homes will be affordable, ensuring a mix of housing options to meet local needs. All existing council homes on the estate will be renewed or replaced, with the number of council properties maintained.

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The announcement coincides with Birmingham’s inaugural Regional Investment Summit, a new event designed to promote the UK as a world-leading destination for investment and showcase the city’s growing potential.

The project will play a vital role in supporting Birmingham's emerging Local Plan—a 17-year vision to guide the city’s growth, deliver much-needed homes, and help meet the national target of building 1.5 million new homes by 2029.

The regeneration marks a pivotal moment for Birmingham, promising to deliver not just new housing, but lasting economic, social, and environmental benefits for communities across the city.

Since the council and Berkeley St Joseph signed the Development Agreement in the spring, initial community engagement events to create a masterplan have been held. The partnership has also made further progress supporting the community:

• Local residents have been appointed to form an independent steering group, which will play a key role in communicating the community's views and feedback for the scheme.

• With the help of residents, an organisation to provide independent advice for those affected by the scheme has also been chosen.

• Planning Aid will support residents with specialist advice during the masterplanning process and future engagement.

• A Resident and Community Charter has also been produced with the help of the community; it outlines the council's commitments to residents affected by the regeneration.

Over the next few weeks, information on how the community can get involved in shaping the future of Ladywood and the next stages of engagement on the masterplan will be shared with the community.

The investment is expected to create up to 41,000 jobs, 1,000 apprenticeships, and a skills centre to support local employment and training.