Longbridge Birmingham
A GBP750m regeneration plan for the former MG Rover site in Birmingham has been officially unveiled.
The proposals will see almost 2,000 new homes created at the 468-acre Longbridge site.
The plans are part of the Longbridge Area Action Plan, which is expected to create 10,000 new jobs over the next 15 years.
If given the go-ahead, a new town centre will be established, along with an education quarter and two parks, developers St Modwen said.
In total, four major planning applications have been submitted to Birmingham City Council and Bromsgrove District Council.
Mick Laverty, chief executive of regional development agency Advantage West Midlands, described the plans as a "major milestone" for Longbridge.
He said: "Having consulted with the local community over recent years, all parties involved in taking the project to its present stage are acutely aware that there is a real sense of expectation and hope around a brighter future of Longbridge."
Bill Oliver, chief executive of St Modwen, said: "Longbridge is a site with a world-renowned heritage and today we have moved this area of the Midlands into a new and incredibly exciting era."
The MG Rover plant closed in June 2005 with the loss of 6,000 jobs.
Chinese owners SAIC/Nanjing plan to begin producing MG sports car at the remains of the factory in August.
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