GBSLEP has identified Advanced Manufacturing, particularly food and drink manufacturing, as a key growth sector for the region; providing high value jobs and catalysing innovation and growth.
Advanced Manufacturing in our area; Food and Drinks Strengths
ADVANCED MANUFACTURING, PARTICUARLY FOOD AND DRINK MANUFACTURING, IS A KEY GROWTH SECTOR FOR THE REGION, PROVIDING HIGH VALUE JOBS AND CATALYSING INNOVATION AND GROWTH ACROSS MULTIPLE SECTORS. OUR REGION IS HOME TO CUTTING EDGE RESEARCH AND DEVELOPMENT, ESTABLISHED OEMS AND GLOBALLY COMPETITIVE, INTERCONNECTED SUPPLY CHAIN FIRMS. FOOD AND DRINK MANUFACTURING HAS A STRONG PRESENCE IN OUR AREA AND ACROSS THE WIDER WEST MIDLANDS. THE REGION ALSO HAS LEADING STRENGTHS IN AUTOMOTIVE AND AEROSPACE AND THERE ARE SIGNIFICANT OPPORTUNITIES FOR GROWTH IN NEXT GENERATION RAIL TECHNOLOGIES, CAPITALISING ON GLOBAL MARKETS IN VERY LIGHT AND DIGITAL RAIL.
GVA data confirms the importance of advanced manufacturing to the GBSLEP area economy:
- It accounts for 13.5% of economic output compared to 10.6% across the UK.
- Delivery of the GBSLEP Strategic Economic Plan 2016-2030 presents the opportunity to grow employment within the sector by 2%, with an increased GVA output of 69% (£2.7 billion) during the period.
More information on the GBSLEP business support offer for advanced manufacturers can be found through the Greater Birmingham and Solihull Growth Hub.