Leading property company, Bruntwood is set to acquire Innovation Birmingham, heralding a new era of major expansion at the region’s leading digital and technology campus.
The deal, recommended by Birmingham City Council’s cabinet, will help the city’s digital economy flourish as Bruntwood seeks to work closely with key stakeholders to drive forward growth of the Innovation Birmingham Campus.
There are currently more than 72,000 digital and creative jobs in the West Midlands and the forecast is for another 29,000 by 2030. The sector is seen as vital to the continued success of the region’s economy and is a key part of Metro Mayor Andy Street’s economic strategy.
Already highly successful, Innovation Birmingham, located in the heart of Birmingham city centre close to Aston and Birmingham City universities, has successfully supported more than 260 businesses since 2009, creating more than 500 jobs and raising more than £18m in equity finance. The Innovation Birmingham Campus currently comprises three buildings over 80,000 sq ft: iCentrum, Universities Centre and Faraday Wharf.
Bruntwood has a proven track record of investing for the long term and will bring a unique blend of commercial expertise, investment capacity and experience of creating successful partnerships with local authorities and the academic sector to drive economic growth in city regions.
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MCAV is based at Innovation Birmingham and works together to produce MCAV’s event programme.