We welcome the objectives laid out in the Government’s strategy and partners across the Midlands share the Government’s aspirations.
The £1.62 billion of Local Growth Fund money provided to Midlands Local Enterprise Partnerships has already allowed us to make critical investments in infrastructure to improve transport and digital connectivity, support skills, unlock housing and business growth, and drive civic renewal.
The world in which Britain needs to compete and prosper is changing rapidly, not just in terms of our trading relationships but also how we produce and consume goods and services. Our focus is to look beyond the immediate horizon, towards the Britain of 2030. By then autonomous vehicles, artificial intelligence based manufacturing, and hyper-fast connectivity will be the norm and HS2 will be up and running.
In the Midlands, we are planning for this now with strategic investments in new energy, innovation and connectivity. Critically, we want to ensure that Midlanders have the skills and creativity that will enable them to contribute to, and bene t from, these new economic opportunities. That is how we will deliver more inclusive growth.
Our core purpose is to create a Midlands Engine that powers the UK economy and competes on the world stage. Our strategic location, strong sense of identity and reputation as the beating heart of the national economy will ensure the UK’s future as a global economic power.
A strong Midlands economy will grow the national economy, attract more investment and rebalance the nation. We are already a £207 billion economy with growth of 18% over the last ve years, but we are far from achieving our full potential.
Midlands Engine partners are committed to collaboration across our region to support local and national priorities on productivity
and industrial strategy.
Our ambition is to close the GVA gap to match or exceed the national average and add £54 billion to the Midlands and UK economies by 2030.