Business and Industry Minister Andrew Stephenson (on behalf of Greg Clark) and Mayor of the West Midlands Andy Street today (16 May) unveiled a new Local Industrial Strategy for the West Midlands – the first of its kind, which will build on the region’s strengths and major market opportunities to deliver inclusive economic growth and high-skilled jobs.
Launched at the region’s Advanced Propulsion Centre in Coventry, the local strategy builds on the strengths of the automotive, life sciences, creative and business services sectors that sit at the heart of the region, and comes alongside ambitious plans to develop the next generation of battery technology for electric vehicles at the UK’s flagship Battery Industrialisation Centre, backed by an additional £28 million investment.
The West Midlands is the first ‘trailblazer’ region to agree a Local Industrial Strategy, a key enabler to deliver the government’s national Industrial Strategy, driving growth, productivity and boosting earning power across the region.
As well as launching the Strategy in Coventry, Andrew Stephenson will also showcase this ambitious strategy to local leaders across England at the Government’s first ever Industrial Strategy conference in London.
Those attending will include representatives from all 38 Local Enterprise Partnerships, as well as young entrepreneurs from each of the areas.