Delivering socio-economic benefits locally and nationally
Four Ashes Ltd is a joint venture which is proposing a new strategic rail freight interchange in the West Midlands – the West Midlands Interchange (WMI) – in response to Government policy identifying the need for greater rail freight provision.
Four Ashes Ltd is a three way partnership led by Kilbride Holdings, backed by both Grosvenor’s Indirect Investment team and Piers Monkton, the majority landowner.
In response to UK Government policy that identifies a need to improve rail freight provision and to create faster, more reliable transport links in the UK, Four Ashes Ltd is bringing forward a new strategic rail freight interchange in the West Midlands – the West Midlands Interchange (WMI). The WMI aims to ensure the UK’s manufacturing and exporting businesses stay competitive at home and abroad.
A Development Consent Order submitted for the WMI to the national Planning Inspectorate was accepted for Examination in early 2019. If the scheme is approved, the WMI will have the capacity to deliver socio-economic benefits to both the local and the national economies, including:
- the creation of approximately 8,550 direct jobs;
- the generation of approximately £427m of local economic activity and £912m of national economic activity, annually through the supply chain; and
- helping to reduce emissions by facilitating and encouraging the shift of goods from road to rail. Rail freight produces 70% less carbon dioxide, up to 15 times lower nitrogen oxide emissions and nearly 90% lower particulate emissions than road freight tonne-for-tonne.