Business News

String of international firms move to the region

A string of international companies moving to the West Midlands has put the region top of the UK’s overseas investment chart for five years running. It is now the fifth year in a row that the region has

been hailed as the UK’s leading location for Foreign Direct Investment (FDI) outside of London and the South East, new data from the Department for International Trade has revealed. The latest figures show the region attracted 157 new

FDI projects in 2019/20. This accounts for eight per cent of the UK’s total number secured, and is the largest share generated of all UK regions outside of London. The biggest sources of investment in the West Midlands since 2015 have been the US, Germany, France and India. In total, 802 foreign investments have been made in the region during this time. Global heavyweights like consultancy firm Alvarez &

Marsal and Microland – India’s leading digital IT transformation company – are among its most notable investors from the last five years. Led by restructuring expert Omar Mirza, the office

marked the firm’s first UK investment outside of London. A&M have also recently set up a transactions services practice in Birmingham, led by former Ernst and Young specialist, Wayne Jephson. Mr Mirza said: “The West Midlands is home to a wide

range of companies from privately-owned family businesses, private equity backed entities and large publicly listed companies, all of which operate across a variety of sectors. The diverse pool of industries that comprises the West Midlands’ economy offers us a solid opportunity to support local companies through these uncertain times and hopefully make the region stronger as a result. This, coupled with the energy and prestige of Birmingham’s professional and financial services community, made creating a new office in the region a natural choice.” Other businesses setting up shop in the city include Massachusetts (US)-based IPG Photonics, digital firm

Solid opportunity: Omar Mirza

Microland, setting up in Bournville, Chinese investment group Fosun International, and German railway firm Deutsche Bahn Engineering and Consulting. Neil Rami, chief executive at the West Midlands

Growth Company, said: “This robust track record of international appeal clearly signals our credentials as a global business destination, and takes us confidently into a defining decade for the West Midlands. “Our region is set to benefit from many exciting and

exclusive milestones – such as the 2021 Coventry City of Culture, 2022 Commonwealth Games, new High- Speed 2 rail infrastructure and 5G multi-city testbed facilities – which will give us a uniquely competitive advantage over other locations to attract investment in the future.”

• More international news on Page 32 Championing responsible business

A leading Birmingham-based engineering group has been named as a Responsible Business Champion by a Prince of Wales- backed charity. The recognition places the multi- disciplined adi Group among a distinguished list of alumni including Unilever, Deloitte and Anglian Water. Adi Group was awarded the

Education Partnership Award by Business in the Community (BITC), a flagship business-community outreach programme set up by patrons, including Princes Charles. This award also coincides with the group’s 30th anniversary, which was celebrated in June 2020. It is the latest in a string of

honours earned by adi’s pre- apprentice programme, which was launched in partnership with North Bromsgrove High School in Birmingham four years ago to

Apprentices champion: Alan Lusty

Co-founders: Jonathan Carter (left) and Marc Hornby

Kenilworth pub on award shortlist

The Virgins & Castle on the old High Street in Kenilworth has been shortlisted for a Great British Pub Award. The 16th Century pub, owned by hospitality group and Greater Birmingham Chambers of Commerce members, Caviar & Chips, is now down to the last six finalists in the country for their category. The Great British Pub Heroes

Awards were set up to showcase the contributions that pubs all over the country have made during the Covid-19 pandemic.

‘Pubs up and down the UK have really had to adapt to keep in business’

Each winner will be offered the opportunity to submit an application for up to £10,000 each to fund a business improvement or upgrade or to put towards a community project. Additionally, award sponsors, Coca-Cola, will fund a further £1,000 donation to a local charity or good cause supported by each of the winning pubs. Marc Hornby, co-founder of

Caviar & Chips and Sutton Coldfield Chamber committee member, said: “The last few months have been

incredibly hard for everyone and particularly in the world of hospitality. Pubs up and down the UK have really had to adapt to keep in business, but those that have, have made a massive difference to their communities. “For us at the Virgins & Castle, we

mentor 14-16-year-olds, giving them hands-on engineering skills as well as valuable experience of a real working environment. Adi’s CEO and founder Alan

Lusty said: “We’re delighted to join this esteemed national list. The programme allows us to mentor

youngsters and give them valuable vocational skills that put them miles ahead of their peers.” For more information on BITC

and the Responsible Business Awards, visit


put a lot of investment in our team wellbeing even when the world was ‘normal’. We’re trying to buck the trend for what it’s like working in hospitality and it’s been like that since our company was started.”

To find out more about Virgins & Castle visit:

October 2020 CHAMBERLINK 25

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