Talks over land deal for city centre redevelopment

A land deal is set to be approved for a major city centre development in Wolverhampton, the council has said.

The first phase of the Smithgate development, known as Bicycle Works, will see 331 new homes, with retail and public space on vacant land off Peel Street, overlooking Market Square.

City of Wolverhampton Council said its cabinet was set to approve a deal that would enable the developer to begin work, describing it as "a significant milestone".

Politicians will discuss the deal at the cabinet meeting on Wednesday, which will include selling the land below market value.

Councillor Chris Burden said: "We have worked hard with our chosen developer to bring forward ambitious plans that will transform this key brownfield site and redefine urban living in our city."

The council added an agreement would unlock economic benefits, including jobs and skills opportunities and an increase in city centre footfall, therefore supporting and attracting new businesses.

Once all phases of Smithgate are completed, the scheme will include up to 1,000 new homes on 12 acres of land, linking School Street and Darlington Street to the area around Market Square with retail, leisure and commercial space, the council added.

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