Pictured: Work well under way on University of Wolverhampton's £18m business school

The six-storey building is being built in Molinuex Street, right next to Molineux Stadium.

Ground was broken on the project in June last year and is so far on track to be completed in September, with students moving in early October.

Once built the school will be home to purpose-built teaching spaces, an executive education suite, an IT suite, a central social area and a cafe.

Earlier this month it was revealed the new development is to be named the Lord Swraj Paul Building, after the university's chancellor, Lord Paul of Marylebone.

Lord Paul has been chancellor since 1999 and is chairman of the Caparo Group, a UK based industrial company with operations in Europe, Asia and North America.

A topping out ceremony was held at the site last month. The final bricks were placed at the top by a small group, including newly-appointed city Mayor Councillor Ian Brookfield and Interserve Construction boss Simon Butler, as they took in the views across Wolverhampton.

The university now has 23,000 students - more than ever before - and 2,400 staff.

Other ongoing projects and investments include the £25m science block in Stafford Street, £65m Springfield Brewery construction college, £12m being pumped into Wolverhampton Science Park, £12m at the Telford Innovation Campus, as well as new centres in Telford and Stafford's Shire Hall, and a £10m health college in West Bromwich.

The university building is one of a number of major regeneration projects changing the face of the city.

Elsewhere work is gaining pace on the Interchange 10 office and retail block being built close to the city's bus and railway stations.

Balfour Beatty is building the unit, working with Neptune Developers. Construction is due to be completed by the end of November 2015.

Meanwhile, the £30m redevelopment of the Mander Centre starts later this year.

Benson Elliot will be carrying out the multi-million pound refurbishment and redevelopment of the centre, which will be anchored by a new Debenhams store. The 90,000 sqft shop will trade over three floors.

The former Edward Vaughan stamping works site in Lower Horseley Fields is also being earmarked for development.