The latest phase of the new Eastside Locks development, Belmont Works, designed by architects Aukett Swanke for developers Goodman, has received planning permission.

Together with the brand new buildings currently under construction, this building is a key element in the wider regeneration plans of the vibrant mixed-use Eastside Locks area of Birmingham.

In contrast to the new buildings currently underway at numbers 6 and 8 Cardigan Street, Belmont Works is a unlisted building of merit, a red brick and terracotta Victorian factory building which will be refurbished and given a new lease of life. The building has gone through a variety of uses over the years and a fire in 2007 caused significant damage. Located along the Digbeth Branch canal, Belmont Works has long been a recognisable local landmark.

Prominently positioned at the entrance to Eastside Locks, on the newly planned Arrival Square, this building will be configured for small- to medium-sized companies and graduate enterprises associated with the nearby University and wider design sector of Birmingham.

By catering for smaller TMT-sector companies, projects such as this will change the way people do business in Birmingham helping make it a viable alternative to London.

At 9:47am: (LON:AUK) Aukett Swanke Group PLC share price was 0p at 6.63p