Smithfield Birmingham secures new £173M grant

Smithfield Birmingham, the new regeneration project worth £1.9 billion has just secured a new £173M grant to kickstart construction. 

The Enterprise Zone Partnership Board and Birmingham City Council have signed off the outline business case, unlocking public funding to boost the project’s start date. 

The first phase of the major scheme is expected to be approved in early 2026, paving the way for enabling works on the new Bull Ring Markets, homes, office space and two major public squares – Market Square and Manor Square.

Cllr Sharon Thompson, deputy leader and cabinet member for economy and skills, said: “Smithfield is the largest single city centre development site in the UK. This £1.9bn scheme will create thousands of jobs and homes, while helping Birmingham raise its national and global profile.”

Lendlease is leading delivery of the project, with The Crown Estate also joining in partnership. The Crown Estate is an independent company that belongs to the monarch, with a property portfolio worth £16 billion. This is the first time The Crown Estate has entered the Birmingham property market, marking Birmingham as a clear front-runner.  

Lendlease’s portfolio development director Colin Murphy said: “This funding brings added momentum and shows real belief in Birmingham’s future. It’s a major step toward delivering this once-in-a-generation opportunity.” 

Smithfield Birmingham is an incredible project that will truly transform Birmingham. With major backing and funding, Birmingham is becoming established as a top city for property investment, with Edition the most luxury offering in the city.