The British Business Bank has announced the first wave of its £250m Midlands Engine Investment Fund, with the launch of £120million worth of SME debt finance, in a move designed to provide greater support to the region’s smaller businesses, accelerate economic growth and promote job creation – in line with the Government’s Midlands Engine Strategy.
On the day that students across the West Midlands received their A-Level results, the region was greeted by a symbol of the region’s future employment prospects with the delivery of a newly refurbished Eurostar power car – the latest arrival at Birmingham’s new world-class further education institution, the National College for High Speed Rail.
The UK Central Solihull Urban Growth Company (UGC) has formally asked HS2 Ltd to upgrade the current plans for a parkway-style station on the 350-acre site known as Arden Cross, situated on Junction 6 of the M42 motorway adjacent to Birmingham Airport and the National Exhibition Centre.
A major boost to the Midlands economy supported by more trains and better connections between towns, cities and with HS2 is predicted if proposed rail upgrades become a reality.
Midlands Connect predicts that the development of a new Midlands Rail Hub would result in a £2 billion economic surge over the next 10 to 30 years.
Business Secretary to establish UK as world leader in battery technology as part of modern Industrial Strategy.
Business Secretary Greg Clark announces the launch of the £246 million Faraday Challenge to boost expertise in battery technology.