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Birmingham has committed 拢1bn to HS2-related regeneration schemes, with the aim of delivering 4,000 homes, 36,000 jobs and 600,000m2 of commercial space.

The funds come from Greater Birmingham鈥檚 local enterprise partnership - funded by business rates - and the newly-formed West Midlands Combined Authority.

The Curzon Investment Plan sets out a 30-year development programme for 141 hectares of land around the planned HS2 Curzon Street Station (pictured).

Plans include the HS2 station itself, several new neighbourhoods, offices and retail spaces. It will also incorporate new public places including a new promenade and Curzon Square, including the original grade I-listed Curzon Station.

The news comes after .

The Public Accounts Committee report argued getting the first phase from London to Birmingham to open in 2026 was 鈥渙verly ambitious鈥�.

It also urged the government to clarify the route and costs for the second phase, linking to Manchester and Leeds.

The Department for Transport said the project was 鈥渙n time and on budget鈥� and further phase two details would be announced this autumn.

The MPs鈥� report came just days after .

Commenting on the Birmingham investment, prime minister Theresa May said: 鈥淚鈥檓 delighted that Greater Birmingham is making this investment in the future, working to maximise the potential of HS2 by investing in jobs and housing - and encouraging more business investment.鈥�

Liz Peace, chair of the Curzon Regeneration Company and former British Property Federation chief executive, said: 鈥淲ith the Curzon Investment Plan in place, the regeneration company can now focus on the task of delivering infrastructure and unlocking the area鈥檚 growth potential.

鈥淭he regeneration company鈥檚 delivery board will be bringing together key partners to drive this investment programme.鈥�