Enhancing Skills, Productivity and World Beating Sectors
Our region continues to attract high levels of international investment. Powered by cluster specialisms in advanced manufacturing, our economy is now increasingly augmented by businesses across an expanding range of growth sectors. These continue to introduce new technologies and markets to the region, including creative content production, gaming and medical technologies. With £80 million of flexible funding and a dedicated Business Growth West Midlands team, we are set to deliver schemes including a new Investment Zone dedicated to a priority sector.
The region is home to a young, diverse, and entrepreneurial population. This resource is augmented by over 63,000 graduates a year with 55% continuing to work in the West Midlands. The West Midlands also has a long history of diversity, creating a vibrant cultural mix with strong international connections and trade. This combination of youth and diversity creates an entrepreneurial culture which is reflected in the regions high business start-up rate.
1.5 million residents under the age of 25
186,000 students studying at 9 universities, producing over 63,000 graduates per year