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The West Midlands Theory of Growth

Glossary

ERC: European Research Council

FDI: Foreign direct investment

GDP: Gross domestic product

GVA: gross value added

HMG: His Majesty's Government

HSR: High Speed Rail

ICT: Information and communication technology

JLR: Jaguar Land Rover

MTC: Manufacturing Technology Centre

NEET: Not in education, employment or training

OECD: Organisation for Economic Co-operation and Development

ONS: Office for National Statistics

R&D: Research and development

SME: Small and medium-sized enterprises

West Midlands: West Midlands Combined Authority area

West Midlands region: International territorial level (ITL) 1 region

WMGC: West Midlands Growth Company