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Economy, trade and tourism

Supporting growth in the West Midlands

Thanks to the legacy fund around £39m in total will be invested in supporting the West Midlands economy to thrive.

Driven through the West Midlands Plan For Growth, the focus will be on attracting investment to the region, encouraging high-growth sectors and looking at supply chain transition as we plan for our future.

  • The high-growth funding stream will work alongside existing businesses in high-growth sectors across the West Midlands (Creative Content and Gaming; Health and Medi-tech: Aerospace; Logistics: Modern and low carbon utilities; Future Housing; Electric Vehicles and Professional and Financial Services) to support businesses in these areas to develop and grow sustainably.
  • The Supply Chain Transition programme will be open to automotive and manufacturing businesses looking to accelerate their move towards alignment with these high-growth sectors

For details on how your business could be supported via the CWGLEF, please follow this link.

The legacy funding is also being used to support wider investment into skills development and employment support for the region.

Aligning the legacy fund with other funding opportunities and working alongside local authority partners has meant we can create a more holistic approach to employment support that can respond to what’s needed on the ground.

Local authorities will each receive around £800,000 to deliver projects in areas they have identified.

Further details will be available on individual local authority websites.

Based on the success of the Commonwealth Games, we will also be continuing to promote the West Midlands as a vibrant business and leisure destination.

We’ll be working with partners to continue to attract major sporting, cultural and business events to the region.