Birmingham city council has unveiled plans to embark on an ambitious redevelopment project.

The local authority hoped the transformation of a 141 hectare site in the centre will boost the economy in the region by £1.3 billion per year. It also claimed the proposals could create up to 14,000 new jobs.

Council officials said the project was the largest of its kind to exist on the back of the HS2 programme. The regeneration will focus on the area surrounding the city's new Curzon train station, which will be the terminus point of the high-speed service from London.

Around 2,000 new homes would be built as part of the plans, with the addition of 360,00 sq m of office space. Councillors stated the scheme was all ready to get started, as soon the new railway system gets the go ahead.

Local authority leader Sir Albert Bore commented: "Up and down the length of HS2 there is huge potential for major regeneration and development and we must press forward with this project without delay."

Birmingham's Curzon development is the latest programme designed to transform the city centre. It is also spending £600 million upgrading New Street Station and a further £128 million extending the Midland Metro.