The future of the Observatory

Following the announcement of its abolition, Advantage West Midlands is seeking new ownership for the West Midlands Regional Observatory.

Advantage West Midlands received two expressions of interest to an open bidding process, which closed on 19th November. Marketing Birmingham has been selected as the preferred bidder and Advantage West Midlands is currently negotiating with them. The Agency’s Board is expected to make a final decision on the outcome of those negotiations at its January meeting.

Being the preferred bidder means that Marketing Birmingham have exclusive rights to negotiate with Advantage West Midlands re the assets of the Observatory. There is no commitment on either side to a sale or transfer in advance of those negotiations.

As the Agency is now focused on its closure, the Observatory will continue to operate, but at a greatly reduced capacity. As such, responses to enquiries may take longer than normal and our website (www.wmro.org) will be updated less frequently.

For more info, contact:
From Advantage West Midlands – Iain Neville tel: 0121 380 3563, email: iainnev [at] gmail.com
From Marketing Birmingham – Tim Manson tel: 0121 202 5031, email: Tim.Manson [at] marketingbirmingham.com

Local Enterprise Partnerships need to act to reinvigorate the private sector

Weaknesses in the structure of the West Midlands economy mean that it was hit particularly hard by the recent recession and is likely to see further job losses over the next five years.

Our latest briefing paper (pdf, 408kb), produced as part of our West Midlands Skills Assessment 2010, reveals that the West Midlands has a weaker private sector than other parts of the country. The West Midlands has poorer representation of higher value added activities and high growth firms with the potential to create new, skilled jobs.

As a result the West Midlands has seen its share of jobs in the public sector rise more rapidly than anywhere else in the country. It is particularly vulnerable to job losses from the spending cuts announced by the government.

We forecast that West Midlands Gross Value Added (GVA) will grow by only 8% (£8.8 billion) between 2010 and 2015 and there will be a net fall in employment of more than 38,000 people.

Endorsement of our Economic Inclusion research

Here’s a short video featuring Trudi Elliott, Chair of the West Midlands Economic Inclusion Panel, endorsing our economic inclusion research:

Watch on viddler