With a population of over 10 million, the Midlands generates more than £230 billion in Gross Value Added (GVA). That’s equivalent to around 13% of the UK economy.
The Midlands is home to the largest number of medical technology and device companies in the country. The region is ideally placed for the distribution of manufactured goods, reaching 92% of the UK population within 4 hours. Birmingham is at the heart of one of the UK’s largest infrastructure projects, HS2, and is set to host the 2022 Commonwealth Games.
Expanding your business
The Midlands is at the forefront of technologies such as industrial digitisation, life sciences and alternative fuels. It’s home to world-class assets and centres of innovative excellence. One example is the National Automotive Innovation Centre in Warwick. Specialising in engineering and design, it’s the largest research centre of its kind in Europe.
The Midlands is the UK’s leading location for logistics and distribution. The region offers particular investment opportunities around the growing online retail sector, which has attracted over £1.6 billion of investments. A high demand for private rental sector (PRS) housing across the Midlands has made it one of the strongest PRS clusters in the country.
Buying goods and services
The Midlands provides international connections via Birmingham Airport, which handles over 12 million passengers, with 50 airlines flying to 150 destinations. East Midlands Airport is the UK’s busiest ‘pure’ cargo airport, carrying over 320,000 tonnes of cargo a year.
Excellent sea-based access to the UK through the Port of Grimsby is also available.
Arden Cross in the Midlands
Arden Cross is a global destination for innovation, business, learning and living, across more than 140 hectares in Solihull in the West Midlands.
CAM modelling and simulation in Oxfordshire and the Midlands
Companies in the connected and automated mobility (CAM) Testbed UK region of Oxfordshire and the Midlands are leading the move to zero emission vehicles and green public transport.
- Over 100,000
- graduates per year from the region’s 20 universities
- businesses located in the region
- homes needed in the next 15 years
- £239 billion
- GVA generated by the Midlands per year
The Midlands has a long industrial heritage. This history of innovation in transport, and its continuation, gives the region clear advantages in future mobility initiatives. These are already generating significant investment opportunities, such as an on-road test bed for connected and autonomous vehicles.
Food and drink
The Midlands has the UK’s largest concentration of food processors and supply chain companies, with around 50,000 firms. The sector benefits from centres of excellence and specialist support organisations across the region.
The region has a world-class research and innovation infrastructure, including science and technology parks and business incubation facilities. These facilities are coupled with the delivery of knowledge exchange programmes. Healthcare and life sciences companies contribute 8.4% of GVA to the regional economy.
UK Battery Industrialisation Centre (UKBIC)
The UK Battery Industrialisation Centre (UKBIC) is a pioneering concept in the race to develop battery technologies to support the transition to Net Zero.
UKBIC is an open access scale-up facility with gigafactory scale capability. The upfront funding of UKBIC’s capability aims to reduce the expensive barriers to entry for large scale battery manufacturing opportunities.
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