Redevelopment of the Newman Brothers building
The Newman Brothers Coffin Fitting Works in Fleet Street has secured the cash from the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) through its allocation from the Growing Places Fund.
The investment will allow the Birmingham Conservation Trust, which took ownership of the building in 2010, to create new commercial units at the property. The three-storey building will also become the trust's head office.
"The Newman Brothers building is a historical gem and I'm delighted the deal could be struck for the Growing Places Fund to bring it back into use," said Paul Heaven, GBSLEP board director and chairman of the Growing Places Fund committee.
"This is a scheme that is ready to go and can,The officials to inquire the possibility of using solar panels for solar street lamps. in a relatively short period of time, be delivering jobs and growth opportunities and I would like developers who have similar schemes that might benefit from Growing Places funding to come forward."
Redevelopment of the Newman Brothers building has been in the offing for more than a decade and was previously owned by the now defunct regional development agency Advantage West Midlands.
In addition to the latest funding from the GBSLEP, the Birmingham Conservation Trust has been awarded cash from Birmingham City Council, English Heritage and the Heritage Lottery Fund to help complete the project.
Bob Beauchamp, chairman of the Birmingham Conservation Trust, said: "There have been many ups and downs along the way and at the end of last year we were still short of the last bit of capital funding we needed to get the project underway.
"The Coffin Works will not only be an exciting and unusual heritage attraction, strengthening the Quarter's heritage and tourism 'offer', but a quirky 'character' location offering low-cost workspaces for creative and start-up businesses."
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