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Annual Review 2018


Neil Rami Chief Executive West Midlands Growth Company


Annual Review Economic Review Regional Developments Strategic Developments

Operational Performance 2019 & beyond


West Midlands economy is growing strongly London West Midlands East of England Wales South East Scotland East Midlands South West Northern‌ North West Yorkshire and‌ North East 0

1

2

Annual growth rates of real GVA, 2010-2016

3

4


West Midlands as the export capital of the UK 36,000 Exports (£m)

34,000

32,000 30,000

Share of GDP from export of goods:

28,000 26,000

West Midlands-24% London-8%

24,000

22,000 20,000 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1


‌and the top region for Foreign Direct Investment FDI Projects by UK Region - New Jobs (2017/2018)

18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 London

West Midlands

South East

Yorkshire East and The Midlands Humber Source: Department of International Trade (2018)

North West

South West

North East

East of England


More jobs created than any other UK region London West Midlands Wales North East North West East South West East Midlands Yorkshire and The Humber Northern Ireland Scotland South East Source: Office for National Statistics

-100

-50

0 000’s

50

100

150


Our Quality of Life

The West Midlands provides an excellent quality of life at the geographic and economic centre of the UK. People choose the West Midlands due to the housing, connectivity, culture, food, shopping and education.


Regional Developments


Coventry UK City of Culture 2021

UK City of Culture


Commonwealth Games


West Midlands to become UK’s first large-scale 5G testbed


HS2 New Station Design

Construction and Development HS2 New Station designs Construction started at Curzon Street Image of Andy Street and Chris Grayling Digging


Regional Development


Events


New Travel Routes


Strategic Developments


WMCA - A Trailblazer for Local Industrial Strategy


Local Industrial Strategy

Our plan is to drive growth and productivity whilst improving outcomes for all our communities, businesses and residents.


Regional Branding


Regional Branding


Universities Economic Powerhouses

6 Universities and world-class research institutions produce 52,000 graduates a year


Operational Performance


WMCA Investment Prospectus


Investment Roadshows


London Investment Event


Sales missions

SXSW 2018 HS2 Event with German Rail Suppliers Croatia Tech Innotrans Berlin Mobile World Congress


Accessing Target Markets


Inward Investment Projects

WMGC involved in 47 inward investment projects generating 4,368 new jobs


Inward Investment Projects Business and Professional Services


Inward Investment Projects Tech and Life Sciences


Channel 4

Channel 4 and the Creative sector WMGeneration


Mercian Studios


Public Sector Relocations


Inward Investment Awards

Award for ‘Aftercare’

Award for ‘Soft landing’

Strategy Awards 2018

Winners

Award for ‘Infrastructure as FDI Catalyst’

Award for ‘Project Wins’


Commercial Partnership


Commercial Partnership


Working with Visit Britain


Visitor Economy


New Visit Birmingham Website


#WMExperiences Campaign


Conventions


2019 & Beyond


Insight Led


Attracting Investment End-Occupiers


Attracting Investment Universities


Attracting Investment Visitor Economy


THANK YOU


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