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Birmingham City Council has revealed its 拢500m masterplan for Smithfield located in the city centre as it targets potential investors and developers at MIPIM.

The 10-year plan covers the redevelopment of 14 hectares of land and include 2,000 homes, 300,000 sq m of commercial floorspace, public spaces and a Midland Tram extension.

Andy Street, chair of the Greater Birmingham & Solihull LEP, commented: 鈥淏irmingham Smithfield is the next fantastic opportunity to secure investment for the city鈥檚 exciting growth agenda. It will create new jobs, homes and infrastructure.

鈥淭he site鈥檚 status as part of the City Centre Enterprise Zone will bring added impetus and over 拢40m of funding has already been committed to supporting the delivery of these plans,鈥� he added.

Mark Rogers, chief executive at Birmingham City Council, added: 鈥淭he opportunity to create a brand new place at the heart of the city is unique. Birmingham Smithfield will have a transformational impact that capitalises on the area鈥檚 unique heritage and focus for markets.

鈥淚t will radically enhance the city鈥檚 retail, visitor and residential offer, as well as unlocking the growth potential of a much wider area. By showcasing the scheme at MIPIM, we are directly targeting potential investors and developers to secure international interest.鈥�

The masterplan document is out for public consultation for an eight week period between Monday 21^st March 2016 and Monday 9^thMay 2016.