Exploiting our role as an international gateway
Greater Birmingham will be first to connect to the new high speed rail system, opening up new international gateways for the UK at Birmingham city centre and Airport. This means that, at the current time, we are in a unique position to take advantage of both the connectivity benefits of the network, and its catalytic impact on the physical
redevelopment of areas around the new stations and on local skills supply chains.
As well as our transport links, we will leverage our international businesses and supply chains, our universities and our diverse population to achieve higher rates of investment (including overseas investment), boost our exports (particularly amongst SMEs) and grow our visitor economy.
We want to remain the leading LEP area for attracting foreign direct investment by growing key markets for inward investment and positioning Greater Birmingham – and the West Midlands – as a leading global destination for foreign direct investment (FDI).
We will continue to target those sectors and markets in which we have most competitive advantage, working with our WMCA partners to create strong regional offers and also, where appropriate, collaborating on a Midlands Engine level in globally competitive sectors such as automotive.
Our current focus sectors are advanced engineering; business, professional and financial services, digital and creative, infrastructure and environmental technologies, life sciences, and food and drink. We will also remain agile, adapting our investment tactics and plans to cope with the global economic changes that unfurl over the next fifteen years.
Providing even greater connectivity to destinations that our region’s businesses want is a priority. Global connectivity supports trade and attracts inward investment, so we have a vital role in the Midlands to further improve this by growing access to long haul markets and helping to rebalance the UK’s economy.
Paul Kehoe, former Chief Executive, Birmingham Airport
Greater Birmingham has been the leading LEP area for attracting foreign direct investment (FDI) in recent years. Despite the pre-EU referendum unease of investors over the last quarter, the area has attracted 81 new FDI projects in 2015/16, creating and safeguarding 5,176 jobs, and representing an increase of 86 % from 2011/12. In the wider West Midlands region 11,119 new jobs were […]
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Exporting is an essential role in productivity and firm growth, with up to 12% of West Midlands SME having the characteristics to become global businesses, through exporting. Our partnership with the Department for International Trade (DIT) is enabling us to extend export support for businesses and we look forward to developing our plans further. The […]
As set out in the Midlands HS2 Growth Strategy, HS2 presents a once-in-a-generation opportunity to drive productivity, economic growth and prosperity across the Midlands. The two HS2 stations will drive new areas for regeneration, housing and business growth. The Birmingham Curzon Investment Plan and growth plans for UK Central in Solihull have set out the opportunity to create more than 52,000 jobs […]