Business News
Highlighting the region’s strengths
A new report from Make UK, the manufacturers’ organisation and accountancy and business advisory firm BDO LLP, shows that manufacturing continues to be central to the success of the West Midlands economy. It continues to be the third biggest
manufacturing region in the country worth £21.7bn in the last year. The report, analysing the overall
status of industry in the region over the past year, highlights that industry also accounts for 16.5 per cent of the West Midlands economy overall which is substantially higher than the national average of 10 per cent. Most of the economic indicators have been volatile across the
region in the past year which is consistent with a more difficult trading environment generally, Brexit uncertainty, a European slowdown and the structural changes affecting the automotive sector in particular to which the West Midlands has a high exposure. The transport sector of which automotive is a part accounts for 36
per cent of industrial output in the West Midlands which is by far the highest proportion of one sector in any UK. The West Midlands also continues to be a strong export performer,
accounting for almost 10 per cent of total UK manufacturing exports. However, in contrast to most UK regions the West Midlands has a relatively low level of exposure to the EU (44.9 per cent of exports) but one of the heist exposures to the North American and Asian markets. Charlotte Horobin (pictured), region director for Make UK in the Midlands, said: “The report shows that industry continues to have a central role to play in the success of the West Midlands economy. The last year has seen a strong though volatile performance, despite the uncertain political environment and global markets. “There are well-documented challenges going forward, not least
Brexit uncertainty, structural change facing the automotive sector and the global economic downturn. “Despite this, those companies who invest and innovate will still
have the best long term prospects and can contribute to raising the productivity performance of the region and the UK as a whole.”
New homes for Ladywood
Avison Young has been appointed by Birmingham City Council as lead property adviser for the planned regeneration of the city’s Ladywood area. Covering more than 150 acres
(62 hectares), Ladywood connects the western edge of the city centre to the leafy suburb of Edgbaston and is currently home to around 1,000 residential units, representing a mix of apartments, maisonettes and houses. Through the proposed
regeneration, Birmingham City Council will realise its ambition of creating a family-focused neighbourhood connected by a network of streets and public spaces. A new master plan for the site will seek to enable the delivery of an additional 5,000 housing units, supported by local amenities
and facilities which will provide a further boost to the local economy. As part of the appointment,
Avison Young will provide property consultancy services to the council, advising on development viability, master planning, land assembly matters, redevelopment and intensification. Carl Potter (pictured),
Avison Young, said: “The redevelopment of the Ladywood area of the city is another great step forward for Birmingham. Ladywood has for some
time been seen as a location
packed with potential. With Birmingham’s population estimated to grow by 10 per cent over the next 15 years, the redevelopment of Ladywood represents a significant contribution towards the city’s need for new homes.”
• More property news – page 82 October 2019 CHAMBERLINK 27 Then give your career the
boost it needs and book a free strategy session to see how Asset Business Consultancy
can help you to find happiness and success in your professional life.
Are you a professional working in a corporate environment who needs help with the following?
• Identifying a new career path? • Rebuilding your confidence in your career? • Finding fulfilment in your professional life? • Finding clarity about what you want from your professional life? • Starting a business that you can build whilst working your 9-5?
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
