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Economy and Innovation

Rebuilding our economy for a better future

The West Midlands was the birthplace of the Industrial Revolution. We have long been the nation’s engine room, driving economic growth through innovation and hard work. Now we want to lead a new, green revolution and create thousands of new jobs in digital innovation. This will help boost the economy and ultimately improve life for all who live, work, and play in the West Midlands.

Our region is already leading work on several new technologies in the UK. The West Midlands is the test site of autonomous vehicles and 5G. It’s home to the Energy Systems Catapult, which is working to move the UK to a low-carbon energy system. We also have world-class science, energy and technology parks. These distinctive strengths are globally competitive and are what sets us apart from other regions. By utilising these strengths, we can regain this growth momentum.

We want to rethink and rebuild the economy to build a better future for everyone in the UK.

To do this, we’re focusing on:

  • Digital innovation
  • Building a net-zero economy and creating thousands of green manufacturing jobs
  • Maximising job creation for local people from HS2 and other unique West Midlands opportunities
  • Developing infrastructure - building better digital and transport links

What we're doing

Focussing on digital innovation

We're helping businesses and public sector organisations to learn about 5G. We have 5G innovation centres in Birmingham, Coventry and Wolverhampton.

Building a net-zero economy

By prioritising green growth, we can Build Back Greener, and achieve our ambition to be a Net Zero region by 2041.

Creating jobs from HS2

By making the most of these opportunities, we can unlock inward investment into infrastructure and maximum growth in the wider UK economy.
Find out what we're doing in your area

Economy and Innovation programmes

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Birmingham East Mayoral Development Corporation

Support the delivery of large-scale regeneration in East Birmingham.

Growth for Everyone

Growth Plan

Learn about our plans to drive economic growth

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UKSPF

Learn about the UK Shared Prosperity Fund

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Digital Innovation

Learn how we're changing the region

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Net-Zero Economy

Learn how you can get involved

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Economic Analysis

Economic reports looking at performance and productivity across the West Midlands.

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WM Innovation Accelerator

Forging relationships between government and our region

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Health Inequalities

Join workshops focusing on the potential for health devolution

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West Midlands Investment Zone

Learn how the West Midlands Investment Zone is supporting the development of the Advanced Manufacturing sector in our region.

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AI and Tech Adoption

Using AI and new tech to boost regional growth and support the UK’s industrial strategy

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Night Time Economy

Supporting and protecting the region’s night-time economy by working with industry to strengthen growth, safety and activity after dark.

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High Streets

The WMCA is committed to supporting thriving high streets and town centres across the region.

Latest from Economy

Richard Parker Mayor Of The West Midlands 2024 Digital (1)

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Mayor’s £10m boost for high streets

The initiative will see boarded-up shops brought back into use and support given to hundreds of high street businesses struggling to compete with the...

A camera on a desk in a film studio set.

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British Film Commission announces major boost to West Midlands film and TV sector

Region joins UK-wide network of production hubs that generated £5.8 billion inward investment spend for the UK in 2025

2. Greenpower Park Overview

03 August 2026

Work gets underway at Coventry and Warwickshire West Midlands Investment Zone site

Enabling works designed to connect the site to a dedicated power supply from National Grid are now underway thanks to £23m from Mayor Richard Parker...

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