Technical appendices

Sectors

10 June 2016

The West Midlands Combined Authority has identified ten sectors which are fundamental to increasing GVA and employment and to achieving the eight strategic priorities as stated in the WMCA SEP.

Fiscal Impact

10 June 2016

In February 2015, the Black Country Economic Intelligence Unit (EIU) launched a project to cultivate and refine an approach to approximating income and expenditure for the West Midlands Combined Authority (WMCA) geography. There are a number of ways to appraise both national income and expenditure streams in an analysis of this kind, the foremost aspiration of the exercise was to ascertain whether the WMCA is a ‘net contributor’ or a ‘cost centre’ to the national purse.

Vision Setting

10 June 2016

In the development of the LEP Strategic Economic plans a variety of approaches and economic models were utilised by the WM LEP areas in order to set ambitions and clear targets for growth. In order to support the development of the SEP for the WMCA the LEP and LA’s agreed to commission Oxford Economics to produce an Economic model covering the WMCA area providing consistent datasets across all geographical areas.

Top strategic companies

10 June 2016

The West Midlands Combined Authority (WMCA) area is home to 132,000 businesses. The following list contains the largest strategic companies in the area by turnover.

Skills

10 June 2016

The WMCA Skills Appendix contains a series of RAG rated tables relating to the following aspects of skills, qualifications, and employment.

WMCA Performance Managment Framework

10 June 2016

The WMCA Performance Management Framework (PMF) will provide a clear framework against which success can be measured.

Dynamic Economic Impact Model (DEIM)

10 June 2016

The West Midlands Combined Authority (WMCA) commissioned a new, bespoke economic modelling framework which will be delivered in June 2016. The Dynamic Economic Impact Model (DEIM) is a best-in-class regional model which will provide a robust mechanism to measure the economic impact of investments in a spatial context.

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