Birmingham driving service sector boom Markets Birmingham has been at the front of a “service sector boom”, according to new research from Oxford Economics, helping to drive job creation across the wider region. The West Midlands combined authority (WMCA), which contains Britain’s second city, saw gross value added (GVA) in the services sector rise by an average of 4.2 per cent [...]
Spending review: Rachel Reeves pledges £15.6bn for regional transport Politics The government has made its biggest spending announcement since Labour’s drubbing at the local elections in May, with a pledge from Chancellor Rachel Reeves to double investment in local transport over the next five years. A £15.6bn cash injection will form a major pillar of the 11 June spending review, which the Treasury says would [...]
The West Midlands is leading the way on new housing Opinion The West Midlands is pioneering a new, collaborative approach to housing and infrastructure growth by uniting public and private sectors to unlock investment and accelerate development, says Richard Parker As leaders from across the UK’s built environment gather at the UK’s Real Estate Investment and Infrastructure Forum (UKREiiF), I want to share some early thinking [...]
Booming Birmingham is a model for growth July 17, 2024 While most regions are witnessing declining growth, the West Midlands is bucking the trend, with Birmingham smashing records for attracting FDI, says mayor Richard Parker Today, the new Government will use the King’s Speech to put economic renewal at the heart of its legislative agenda and commit to hand power back to local leaders. There [...]
Overseas investment in West Midlands soars but other regions lag behind July 11, 2024 The West Midlands recorded a 72 per cent increase in overseas investment projects last year, creating almost 7,000 jobs.
Plans worth £5bn to create 30,000 jobs given the green light June 14, 2024 Plans that could create more than 30,000 new jobs and attract billions of pounds of private investment to the West Midlands have been given the green light.