The Transport Secretary and HS2 Ltd Chairman David Higgins met with Birmingham Council Leader Sir Albert Bore for the launch of the city’s Urban Regeneration Company tasked with helping maximise the benefits of HS2 for the area.

They also announced Birmingham as the location of the HS2 construction headquarters (HQ), creating 1,500 jobs.

The combined effect will be significant regeneration and a massive economic boost to the city.

Transport Secretary Patrick McLoughlin said: “HS2 is a vital part of our long-term economic plan. By locating the new HS2 engineering HQ in Birmingham we are bringing skilled job opportunities into the area, spreading HS2’s benefits beyond those using the new rail line.

“It is great news that Birmingham City Council has created a company specifically to focus on the regeneration opportunities created by HS2. It will bring new investment and work into the city, helping secure the future prosperity of the region and the country.”