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.
The Midlands Engine is seeking two inspirational, energetic, innovative and superbly-connected leaders to join our team working to make the Midlands known nationally and internationally as the best place in Britain to live, work, study and invest.
Birmingham is ready to and able to host the Commonwealth Games
Last month the West Midlands Combined Authority and Mayor Andy Street endorsed Birmingham’s bid to host the 2022 Commonwealth Games confident – for two reasons – that Birmingham can deliver the best ever Games.
The Midlands Engine showcased the region’s capacity, capability and opportunities in the rail sector for the first time at Railtex earlier this month.
The event took place from 9-11 May at NEC Birmingham, with Midlands Engine exhibiting at stand M65. The Midlands Engine partners, came together with DIT, Rail Alliance and Rail Forum to host an investors event to present the opportunities UK rail presents, with the Midlands as the perfect place to locate to for HS2 and the many other rail projects coming to the UK over the next 15 years. Read more
The Midlands Engine welcomes consultation on a national Industrial Strategy which will build on the UK’s economic strengths whilst tackling underlying weaknesses to secure our future as a competitive, global nation.