An update on an ambitious plan to make the Midlands an engine of growth is now available.
The Midlands Engine was unveiled in December 2015 and brings together 11 Local Enterprise Partnerships (LEPs) with their plan to boost productivity, attract inward investment, increase connectivity and build a regional tourism offer.
The Midlands Engine prospectus - the first of its kind in the country - is focused on five key themes - skills, innovation, transport, promoting the ‘Engine’, and finance for business, and is part of the government’s wider plans to support jobs and growth.
The overarching aims of the Midlands Engine Prospectus include completing a more comprehensive analysis of the Midlands Engine economy, which will be used to update the aim and objectives for the Midlands Engine, and developing a Midlands Engine productivity improvement plan, based on best practice recommendations currently in development within parts of the region
If the Midlands region matches the predicted growth rate for the UK over the next 15 years, it could create 300,000 jobs and boost the national economy by £34 billion.
A recently released briefing note sets out what the Midlands Engine is (and isn’t), its aims and ambitions, how it is organised and its key successes to date.