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Benefits of high speed rail to Birmingham

Birmingham City Council

Steer Davies Gleave recently estimated high speed rail’s potential to deliver significant economic and regeneration benefits to the Birmingham and the West Midlands.

Our role

Working on behalf of Birmingham City Council, Steer Davies Gleave provided the Council with a strong evidence base to:

  • Demonstrate the £5 billion economic potential that high speed rail could bring by linking London and Europe to Birmingham International and the city centre
  • secure the support of key stakeholders including the business community

The report suggested that economic benefits to the UK economy will amount to over £5 billion, with around half this benefit accruing to Birmingham and the West Midlands. In particular, it would benefit the financial and business services sectors, but also construction, hotels and restaurants, real estate and other businesses’.

How we did it

Using leading edge Wider Economic Benefit or WEB methodology, we quantified the productivity gains to the regional and national economy.

In parallel to this, we also undertook research based on the experience of high speed rail in Europe, to understand how it might impact on the West Midlands and Birmingham in terms of:

  • promoting economic development
  • identifying property market impacts
  • identifying the potential for inward investment
  • how high speed rail might affect decisions made by businesses about their location in key economic sectors, such as business and financial services
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