00:00The Ladywood Regeneration Scheme was meant to bring more than 10,000 homes, improvements to existing social housing, jobs and
00:10community benefits.
00:11But after seven years of work and a master plan, Birmingham City Council and developer Berkeley St Joseph have mutually
00:21agreed to end their arrangements.
00:23The council says increased construction and regulatory costs alongside a tougher housing market and economic climate put the programme under
00:32significant financial pressure.
00:34Both sides, it says, decided an agreed exit was better more than uncertainty and delay.
00:41For some residents, that uncertainty has already taken a personal toll.
00:45People worried about the prospects of their homes being demolished have described mental anguish and frustration over delays.
00:53The council has apologised that the programme cannot continue as planned.
00:58Its deputy leader, Green Councillor Julian Pritchard, says Ladywood has not been abandoned and promises residents will be at the
01:06heart of all future plans.
01:08Opposition councillors from the Conservatives Reform and Labour have raised questions about the council's governance.
01:15The authority says it wants discussions with residents at the earliest opportunity.
01:20The council says its commitment to regenerating Ladywood remains.
01:24The council promises residents will help shape what happens to Ladywood.
