Attracting Inward Investment Wednesday 15 May 2019
Matthew Hammond Chair West Midlands Growth Company
#investWM @WMGrowth
Agenda Welcome address Matthew Hammond, Chair, West Midlands Growth Company West Midlands Investment Strategy Nicola Hewitt, Commercial Director, West Midlands Growth Company HSBC UK Investment in Birmingham and the Region Esmond Kensington, Head of Strategy and Chief of Staff, HSBC UK Panel Discussion Ian Cornock, Lead Director – Midlands Region, JLL (Chair) Professor Clive Roberts, Professor of Railway Systems and Director of the Birmingham Centre for Railway Research and Education - University of Birmingham. Esmond Kensington, Head of Strategy and Chief of Staff - HSBC UK Jane Whitlock, Midlands Practice Senior Partner - Deloitte Paul Gascoine, Head of Place, Relationships and New Business – Homes England Summary and close Matthew Hammond, Chair, West Midlands Growth Company
#investWM @WMGrowth
Nicola Hewitt Commercial Director West Midlands Growth Company
#investWM @WMGrowth
Contents Ambition Investment Strategy Partnership Engagement
The West Midlands The place to create, innovate and build the future where long-term, inclusive growth is driven by strategic leadership, responsible investment, world-class businesses and passionate entrepreneurs.
Ambition Generate Investment - all areas of the region - job volumes and job value/productivity growth Strategy aligned with Local Industrial Strategy Focus on competitive strengths
Internationalisation programme to promote indigenous and regional university/R&D strengths Support region’s inclusive growth ambition
Building on success Last year 53% of investment came from UK companies Top 3 sectors were BPFS (30%), Tech (19%) and Automotive/advanced manufacturing (19%) Key investors include:
Future Perspectives
Potential trade war developing, with allies and rivals alike subject to high tariffs
All outcomes still possible for Brexit: from hard, to soft, to a second referendum
Increasingly complex value chains, internet of things
Regional Promotion Based in Wolverhampton, luggage label, Goodstart Jones is being supported by eBay in the UK first, Retail Revival Initiative, aimed at combining expertise in new online shopping with a tangible shopfront experience. Founder, Paul Jones, is an example of the region’s home-grown entrepreneurs.
Regional Promotion
Regional Promotion
Telling the story of the region
Spirit of WM film Meet the makers Ambassadors and content creators
West Midlands Toolkit – wmgrowth.com New regional investment portal
Sector Prioritisation
Inward investment to focus on key themes:
4
Smart Mobility Transport technologies – Automotive, Rail and Aerospace * Advanced manufacturing * Energy storage * Internet of things and cyber security * Materials – R&D and production * Construction technologies
5G test beds underpin all sectors
Modern Services Regional HQs and back office - Legal * Insurance * Banking / Financial * Property Services * Shared Services * Government Bodies * FinTech * Cyber Security
5G test beds underpin all sectors
Data-Driven Healthcare & Life Sciences Medical Technologies * Medical Trails * Cyber Security
5G test beds underpin all sectors
Tech & Creative Gaming * Serious Gaming to include AR / VR * Cyber Security
5G test beds underpin all sectors
Sector prioritisation - activity
Place marketing and 5G test beds promotion to underpin business attraction across all market opportunities Business attraction activity to leverage additional profile generated by Coventry 2021 and Birmingham 2022
National and International Promotion
London
Chicag o San Francisco Austin, Texas
Paris
German y
New York Shangha i Hong Kong
Australi a
Sector prioritisation - activity
Collaboration & Partnership Make your mark with our resources: wmgrowth.com/toolkit Case studies
Support attraction of conferences and become regional Ambassadors International delegations Inbound international intermediaries/investors
Esmond Kensington Head of Strategy and Chief of Staff HSBC UK
#investWM @WMGrowth
Ian Cornock Lead Director – Midlands Region JLL
#investWM @WMGrowth
Panel Professor Clive Roberts Professor of Railway Systems and Director of the Birmingham Centre for Railway Research and Education - University of Birmingham.
Esmond Kensington Head of Strategy and Chief of Staff, HSBC UK Jane Whitlock Midlands Practice Senior Partner, Deloitte Paul Gascoine Head of Place, Relationships and New Business, Homes England
#investWM @WMGrowth
Matthew Hammond Chair West Midlands Growth Company
#investWM @WMGrowth
Upcoming Partner Event WMGC Summer Drinks 03 July 2019 17.30 – 19.30 Canalside Birmingham
THANK YOU