Solihull's Urban Growth Company to close down

A company set up to maximise development and regeneration opportunities connected with the arrival of in Solihull is to close and come under the purview of the local council. Urban Growth Company (UGC) was established in 2016 as a special-purpose vehicle to work on behalf of Solihull Metropolitan Borough Council, supported by the West Midlands Combined Authority. It will now cease to be a standalone company and its operations will transfer over to the council in the coming weeks, resulting in eight job losses. UGC's main remit was centred around a project known as 'The Hub'. Covering 3,210 acres next to the M42, The Hub comprises…