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David Cameron visited Halesowen college to announce details of government plans to invest in the countries future.
The Growth Deals between the Local Enterprise Partnerships and the Government will see money given to local authorities to build stronger local economies, with more housing and businesses.
The Black Country will get £35 million pounds worth of invested funding.
Coventry and Warwickshire will get to invest £18 million.
In Birmingham and Solihull, local government is set to receive £63 million.
The money is being earmarked for authorities to help support young people looking for work, grow small businesses in the region and improve the roads and local transport.
This announcement of growth for the West Midlands follows on from the recent upgrade announcement for Birmingham New Street costing £700 million.
In Wolverhampton millions of pounds will help transform the city and boost economic growth.
A new railway station, major refurbishment of the Civic Hall, support for the Bilston Urban Village programme and the creation of a new science centre are among the schemes to receive Government funding.
The city will receive £18million to enhance the city centre, create new jobs and attract investment.
Wolverhampton City Council leader Councillor Roger Lawrence, who is a member of the LEP board, said: “This is great news for the city and the whole of the region. It is an excellent example of collaborative working by the four Black Country councils and the LEP.
“We produced one of the best bids in the country and we have been recognised for the strength of the schemes that this funding will support.
“These programmes will provide huge benefits to the local economy and help us achieve our collective aim of increasing prosperity and providing opportunities for people and businesses across the Black Country.”