Draft Coventry and Warwickshire local economic assessment for consultation

Coventry Millennium Place people's bench

Warwickshire County Council and Coventry City Council have carried out a sub-regional economic assessment. The draft economic assessment is now available and comments are invited.

The economic assessment and feedback form are available on the Warwickshire County Council website. There are also supporting papers on innovation, future sectoral growth, functional economic geography and business starts and growth.

Advertisements

Local Enterprise Partnerships need to act to reinvigorate the private sector

Distilling machine CERAM Stoke-on-Tent

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.

Continue reading

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

Local Enterprise Partnerships approved

The Business Secretary, Vince Cable, announced the approval of twenty four local enterprise partnership proposals earlier today. Those approved included the following from the West Midlands:

  • Birmingham & Solihull with E. Staffordshire, Lichfield &Tamworth
  • Coventry & Warwickshire
  • Stoke-on-Trent & Staffordshire
  • The Marches

Those not approved at this stage included:

  • The Black Country
  • Worcestershire
  • The West Midlands overarching proposal

Read more on the Birmingham Post website

A map of approved local enterprise partnerships is available from geocommons.com

What will spending cuts mean for the West Midlands?

Tomorrow sees the long awaited publication of the government’s Comprehensive Spending Review. It will end months of speculation by setting up where the cuts in government spending will fall and how deep they will be. But what might it all mean for the West Midlands?

To try and answer this question, the Observatory has carried out a number of pieces of work over the last few weeks. These are summarised in a new report published today.  Amongst its findings are that:

  • An estimated £43 billion as spent on public services in the West Midlands in 2008-09 and the public sector employed nearly half a million people
  • More than 80,000 public service jobs could be lost in the West Midlands by 2016
  • Up to 300,000 private sector jobs are at risk due to spending cuts, although actual job losses will be lower than that
  • The places which will be hardest hit in the short term are those with concentrations of public sector jobs, such as Birmingham, Bromsgrove, Dudley, Shrewsbury, Stafford, Wolverhampton and Worcester
  • In the longer term, some of these places are likely to recover well, but others will continue to suffer because they have weaker economies. Places most vulnerable in the longer term include Birmingham, Dudley, Sandwell, Stoke-on-Trent, Walsall, Wolverhampton and Wyre Forest (Kidderminster)

The report draws on information from a number of other reports published by the Observatory in recent weeks. These include a briefing paper on the local impact of public sector job cuts, a series of projections based on our Policy Assessment Model and a report identifying locations vulnerable to cuts in public sector spending.

New Fit for the Future articles published: what’s your vision of a low carbon future?

Fit for the Future: what's your vision of a low carbon future? Join in the debate.

We’ve launched a new website as part of our Fit for the Future project. Earlier this year we asked:

In your view, what would a successful low carbon economy look like and how should the West Midlands transform its economy to meet that vision?

The new website presents five articles given in response, written by contributors working in manufacturing, local government, education, public and voluntary sectors.

We want the articles to stimulate a debate so, this year, we decided to present the articles in an online commentable form. Please do visit the website, have a read and add your comments to the articles.

Continue reading

Local impact of public sector job cuts featured on BBC Politics Show

Andy Phillips interviewed for BBC Politics Show

In advance of the government’s spending review announcement on Wednesday 20 October, the BBC Politics Show West Midlands discussed the impact of public sector job losses in the West Midlands.

They interviewed Andy Phillips, Head of Skills Research at the Observatory, and featured our recent briefing paper which examines the local impact of public sector job cuts (pdf, 351kb).

The story is available to watch on the BBC iPlayer for the next six days.