Notes to editors
Date: 16 Dec 2021
The Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) is a partnership of local councils, businesses and further and higher education institutions. Its mission is to drive sustainable inclusive economic growth across the city-region, creating jobs and improving the quality of life for everyone.
The GBSLEP area spans nine local authority areas: Birmingham, Solihull, East Staffordshire, Cannock Chase, Lichfield, Tamworth, Redditch, Bromsgrove and Wyre Forest. It is home to over two million people and an estimated 1.1 million jobs.
Using business-led intelligence, GBSLEP implements policy and evidence-driven interventions. It leads on growing priority sectors, funding large capital projects and providing business support including skills, through the GBSLEP Growth Hub.
The GBSLEP Growth Hub is part of a government backed network of 38 hubs in England. It is part-funded, managed and led by GBSLEP. It supports small and medium sized businesses at all stages of their journey with a broad range of services, from expert one-to-one business support to events, specialist programmes, funding, access to finance and peer to peer programmes.
Since 2010, GBSLEP has been awarded with £823 million to invest in a range of projects to grow the local economy. These include transport infrastructure, skills development, business support, innovation, and cultural and creative assets.
GBSLEP is on course to secure more than £820 million of additional investment towards these projects from the public and private sector. Add in our Enterprise Zone investment and revenue projects and we forecast £1.8 billion will have been invested into our regional economy by 2045. This spend will leverage £4.7 billion of investment from the public and private sector. So, for every £1 we have invested, £3 will have been generated in public and private investment.
Over 113,000 jobs will have been created by the time projects are completed and over 5400 businesses have so far been helped by GBSLEP Growth Hub.
About the Midlands Engine
The government is committed to making the Midlands an Engine for Growth in the UK, increasing economic growth and improving the quality of life for everyone. The Midlands is home to over 10 million people and over 780,000 businesses. Its economy is worth £217.7 billion.
So far the government has awarded £1.9 billion in three rounds of Growth Deals across the Midlands.
Eight Enterprise Zones have been established in the Midlands Engine since 2012, and 3 zones have been extended. By March 2016 these had attracted almost £1 billion of private investment and created 85 new businesses and 7,291 jobs.
About the Local Growth Fund
Local Enterprise Partnerships are playing a vital role in driving forward economic growth across the country, helping to build a country that works for everyone. That’s why, by 2021, the Government will have invested over £12bn through the Local Growth Fund, allowing LEPs to use their local knowledge to get all areas of the country firing on all cylinders.
Analysis has shown that every £1 of Local Growth Fund invested could generate £4.81 in benefits.
If you would like some further facts about the Fund, or the wider regeneration work going on across the country, please contact DCLG press office by emailing NewsDesk@communities.gsi.gov.uk in the first instance to request any additional information you might need.
Some additional key facts:
- There are 38 LEPs covering the whole of England
- The government has awarded £9.1 billion in three rounds of Growth Deals to local areas to drive economic growth
- LEPs are investing in a wide range of projects informed by detailed analysis of the most pressing economic needs in each of their areas, including transport, skills, business support, broadband, innovation and flood defences.