The investment, which has brought the site into the agency’s ownership, will fund the remediation of the site.
New plans for the site are focused on manufacturing and office use rather than large-scale distribution.
Ian Austin, regional minister for the West Midlands, said: ‘It is vital that key sites like
‘The region must be in the best position possible to make the most of new opportunities when they arrive.’
Mick Laverty, chief executive of Advantage West Midlands, said: ‘Our intervention at
‘This will help attract the right businesses and employers, ensuring the site realises its potential to create more than 2,500 high-value jobs and bring forward 60,000m2 of quality office space in the near future.
‘The remediation work itself will also keep people in jobs, while the development of the site will help to address the shortage of employment land in