The West Midlands’ economy is already home to hundreds of globally competitive businesses, from Jaguar Land Rover to Cadbury, and this provides a strong foundation for growth. In recent years our economy has grown faster than the national rate and we are a UK leader in attracting inward investment. The core of our economic strength is in advanced manufacturing and engineering but a number of growing sectors including creative, digital and life sciences are playing an increasingly significant role in the region’s success. A key goal of the WMCA is to fully harness the potential of the creative sector to drive further growth.
The WMCA's annual State of the Region report is produced by the Black Country Consortium’s Economic Intelligence Unit (EIU) to provide an overview of the WMCA’s economic performance during the year. The report measures success as set out in our Performance Management Framework (PMF) and enables us to monitor real progress towards delivery of the Strategic Economic Plan (SEP). Download the review here.