Paradise development ‘needs £100m’ to fund rising costs

Paradise scheme under construction in August 2018
The Paradise development needs an extra £100m to ensure it is completed as concerns about rising costs and governance emerge. The development is a joint venture between Birmingham City Council and Hermes Investment Management, but public sector responsibility for the scheme has now been passed to Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP). A statement from the Council said the change "enabled a more efficient and effective use of monitoring and governance resources". The problems were revealed by a... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...