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Realising the Potential of the M42 Corridor Final Report to Advantage West Midlands

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Realising the Potential of the M42 Corridor Final Report to Advantage West Midlands Realising the Potential of the M42 Corridor Final Report to Advantage West Midlands Realising the Potential of the M42 Corridor Final Report to Advantage West Midlands C3802 / March 2009 ECOTEC X Vincent House Quay Place 92-93 Edward Street Birmingham B1 2RA United Kingdom T +44 (0)845 313 7455 F +44 (0)845 313 7454 www.ecotec.com ECOTEC M42 Growth Corridor ECOTEC M42 Growth Corridor Contents PAGE Executive Summary................................................................................. i 1.0 Introduction............................................................................................. 1 1.1 This Report .................................................................................................................1 1.2 The Wider Team..........................................................................................................1 1.3 Study Drivers..............................................................................................................1 1.4 Outputs and Deliverables ..........................................................................................3 1.5 Work Undertaken to Deliver the Outputs .................................................................3 1.6 Report Status and Structure......................................................................................5 2.0 Transforming City Regions.................................................................... 7 2.1 Introduction ................................................................................................................7 2.2 The European Context ...............................................................................................7 2.3 The Need for Strong Local Leadership...................................................................10 2.4 European City Region Case Studies ......................................................................10 2.5 Strategic Conclusions .............................................................................................13 3.0 Defining the M42 Corridor.................................................................... 15 3.1 Introduction ..............................................................................................................15 3.2 M42 and the M42 Corridor Growth Area.................................................................15 3.3 Functional Economic Geography ...........................................................................15 3.4 Operational Definition..............................................................................................18 3.5 Summary of Spatial Definitions ..............................................................................23 4.0 Public Policy Appreciation .................................................................. 25 4.1 Introduction ..............................................................................................................25 4.2 Spatial Planning .......................................................................................................25 4.3 Economic Development...........................................................................................27 4.4 Housing.....................................................................................................................36 4.5 Transport...................................................................................................................36 4.6 Strategic Conclusions .............................................................................................40 5.0 Economic Characteristics.................................................................... 43 5.1 Introduction ..............................................................................................................43 5.2 Economic Architecture of the M42 Corridor Functional Area ..............................43 ECOTEC M42 Growth Corridor 5.3 Analysis of Productivity in the M42 Corridor Growth Area ..................................50 5.4 Economic Contribution of the M42 Corridor Growth Area Strategic Economic Assets .......................................................................................................................66 5.5 Applying the REMI-ECOTEC Model ........................................................................68 5.6 M42 Corridor Growth Area Strategic Economic Assets........................................71 5.7 Strategic Conclusions .............................................................................................73 6.0 Housing Characteristics ...................................................................... 75 6.1 Introduction ..............................................................................................................75 6.2 Demographic Drivers ...............................................................................................75 6.3 Housing Market Areas .............................................................................................80 6.4 Housing Market Characteristics..............................................................................82 6.5 Travel to Work ..........................................................................................................91 6.6 Strategic Conclusions .............................................................................................97 7.0 Transport Characteristics .................................................................... 99 7.1 Introduction ..............................................................................................................99 7.2 West Midland's Transport Network.........................................................................99 7.3 Role of the M42 Corridor..........................................................................................99 7.4 Road Transport.......................................................................................................103 7.5 Rail Transport .........................................................................................................112 7.6 Air Transport...........................................................................................................115 7.7 Strategic Conclusions ...........................................................................................119 8.0 Infrastructure Constraints ................................................................. 121 8.1 Introduction ............................................................................................................121 8.2 Consideration of Principal Constraints................................................................121 8.3 Junction 3A to Junction 4......................................................................................121 8.4 Junction 4 to Junction 5 ........................................................................................122 8.5 Junction 5 to Junction 6 ........................................................................................123 8.6 Junction 6 to Junction 7 ........................................................................................123 8.7 Utilities ....................................................................................................................124 8.8 Strategic Conclusions ...........................................................................................128 9.0 Development Scenario ....................................................................... 129 9.1 Introduction ............................................................................................................129 9.2 Developing Scenarios............................................................................................129 9.3 Economic Constraints and Opportunities............................................................129 ECOTEC M42 Growth Corridor 9.4 Solihull Town Centre..............................................................................................137 9.5 Housing Constraints and Opportunities ..............................................................139 9.6 Transport Constraints and Opportunities............................................................142 9.7 Determining the Indicative Development Scenario .............................................143 10.0 Economic Impact................................................................................ 145 10.1 Introduction ............................................................................................................145 10.2 Developing Scenarios............................................................................................145 10.3 The Steady State Scenario ....................................................................................145 10.4 The Global Knowledge Hub Scenario...................................................................149 10.5 Comparing the Steady State and Global Knowledge Hub Scenarios ................152 10.6 Reducing the Productivity Gap .............................................................................154 10.7 Catalytic Impact of the Runway Extension ..........................................................156 10.8 Strategic Conclusions ...........................................................................................160 11.0 Housing Impact................................................................................... 163 11.1 Introduction ............................................................................................................163
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