The Investment Board of the West Midlands Combined Authority (WMCA) meeting scheduled for Monday 22 June 2026 was to discuss a range of investment programmes and funding initiatives. Key topics were expected to include updates on the overall Investment Programme, the performance of various investment funds, and proposals for a new Supported Housing Funding Programme.

Investment Programme Update

The board was scheduled to receive an update on the WMCA Investment Programme. This report, presented by Ian Martin, Executive Director of Commercial and Investment, was intended to provide context for any investment decisions made by the board. The report was expected to indicate that since the previous meeting, there had been no approvals of business cases under delegated authority by WMCA Officers, but four Change Requests had been approved. It was also expected to confirm that the WMCA had met the required standard following the 2025/26 Investment Programme Annual Review, and the 2026/27 annual payment had been received. The report was to detail the WMCA Investment Programme funding status and its current affordable limit, which was stated to be £871 million. It was also to provide a delivery update, including project-level summaries and performance overviews.

Commercial Investment Fund Dashboard

Nick Oakley and Ed Bradburn were scheduled to present the Commercial Investment Fund (CIF) Dashboard. The public iteration of the dashboard, as of 1 June 2026, was to detail committed investments, including figures for jobs created, brownfield land utilised, homes created, commercial space, and business rates generated. The report was to indicate that 25 live transactions had resulted in the creation of 4,337 jobs, the development of 63 acres of brownfield land, and the generation of £8,031,413 in annual business rates. The total loan amount committed was to be £174,619,211, with £61,026,859 drawn down. The dashboard was also to provide details of investments that had been repaid.

Brownfield Land & Property Development Fund

Nick Oakley and Ed Bradburn were also scheduled to present the Brownfield Land & Property Development Fund (BLPDF) Dashboard. As of 1 June 2026, the dashboard was to detail committed investments, showing that 21 projects had created 1,909 jobs, utilised 120 acres of brownfield land, and generated £1,602,480 in annual business rates. The total grant amount committed was to be £650,000,000, with £45,444,922 drawn down. The dashboard was also to provide a breakdown of investments by local authority.

Residential Investment Fund Dashboard

Nick Oakley and Ed Bradburn were scheduled to present the Residential Investment Fund (RIF) Dashboard. As of 1 June 2026, the dashboard was to detail committed investments, showing that 8 live transactions had created 261 jobs, utilised 36 acres of brownfield land, and resulted in the creation of 1,725 homes. The total loan amount committed was to be £83,101,429, with £44,161,137 drawn down. The report was also to provide details of investments that had been repaid.

Supported Housing Funding Programme 2026-29

Neelam Sunder, Head of Designing out Homelessness, was scheduled to present proposals for the Supported Housing Funding Programme 2026-29. The report was to recommend the incorporation of this programme into the existing Homelessness and Rough Sleeping Programme 2026–29. It was to propose the deployment of up to £18,266,172, with £13,403,379 allocated for activity in Birmingham, £4,467,793 for Coventry, and £395,000 to be retained by the WMCA for pan-regional coordination and oversight. The funding, received through the Integrated Settlement, aims to increase the supply and quality of supported accommodation to prevent and reduce homelessness and rough sleeping. The report was to highlight the programme's alignment with national policy and the WMCA's strategic objectives, including its functional responsibilities for homelessness.

East Birmingham Solihull / Sports Quarter Funding Draw Down

Liam Brooker, Head of Sponsorship, was scheduled to present a report on the East Birmingham to Solihull Mass Rapid Transit Corridor and associated Sports Quarter Connectivity Programme activities. The report was to seek approval for the drawdown of up to £5,747,357 of Transport for City Regions (TCR) development funding. This funding was intended to progress the development of the East Birmingham to Solihull Mass Rapid Transit Corridor, specifically supporting works related to the Sports Quarter development. The report was to note that the delivery of a Metro extension to the new stadium site is considered essential by investors, Knighthead Capital Management, for the success of the Sports Quarter development, with Phase 1 of the new stadium due to open in mid-2031. The funding would support activities such as design development, business case development, communications and engagement, consents, and land referencing.

The meeting was also to include items for private business, which were not publicly available.