PRIVACY
Enterprise

West Midlands business review of 2023 - part three: HS2 car park, Christmas Market continues and Tom Brady invests in the Blues

Our West Midlands Review of the Year goes into the summer with news that it was all change for a planned car park at the HS2 Interchange station in Solihull, the Frankfurt Christmas Market is here for another five years and an NFL star invested in Birmingham City

Clockwise from top left: the planned HS2 Interchange car park, Birmingham's Christmas Market, Tom Brady invests in Birmingham City and The Crooked House pub pre-fire

Part three of our review of 2023 moves into the summer months and begins with the news that big changes were afoot at the new HS2 Interchange station in Solihull. Plans for a multi-storey car park containing 4,500 spaces at the site east of the M42 were abandoned in favour of a surface-level parking facility.

These received planning consent in late 2022 but during July Solihull council chiefs said they were instead backing an initial 2,750-space, surface-level car park.

Funding would have come from a £50 million Government grant and a loan from the combined authority but the multi-storey car park option had an estimated cost of around £95 million which was deemed unaffordable due to rising construction costs and inflation.

Council chiefs in Birmingham announced that a deal had been struck with the Frankfurt Christmas Market's organisers to run the event for another five years, from 2023 to 2027, which is expected to bring in £350 million in economic benefit.

It estimated that expenditure created by the huge annual market in Victoria Square and New Street supported more than 7,000 jobs. The annual event now welcomes around 100 stalls, selling gifts, food and drink, and first came to Birmingham in 2001.

Apart from 2020 during the covid-19 pandemic, it has been held every year since and has grown significantly since that first year when just five stalls were set up.

WEST MIDLANDS BUSINESS NEWS REVIEW OF 2023

August kicked off with a bang after global sporting megastar Tom Brady announced he had bought shares in Birmingham City. The retired NFL player became a minority shareholder in the Championship football club following its takeover by US businessman Tom Wagner earlier in the year.

The seven-time Super Bowl champion partnered with the club's holding company Knighthead Capital Management and became chairman of a new advisory board. The club said Mr Brady, who ended his NFL career in 2023, would apply his extensive leadership experience and expertise across several components of the club including health, nutrition and recovery programs.