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.

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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.

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Local enterprise partnership proposals announced

56 proposals for local enterprise partnerships across the country have been submitted, the government has confirmed, following the closing day for submissions.

There are seven proposals from the West Midlands:

Three distinct responses in respect to cross boundary working arrangements have also been received from Peak District, South East England and West Leicestershire and Northern Warwickshire.

Here’s the full list of proposals.

Inward investment into the West Midlands 2009/10 – a local analysis

In 2009/10 there were 84 inward investment successes in the West Midlands and another four knowledge-based investments. These investments created over 1,500 new jobs and safeguarded another 4,300.

Although these 88 investments represented the lowest number of jobs created or safeguarded since 1992/93, they also represented the 7th highest total number of projects since 1991.

Pie chart shows 38 inward investments in West Midlands metropolitan areas and 49 inward investments in the shire counties over 2009 to 2010Inward investment is usually spread reasonably evenly between the West Midlands metropolitan areas and the shire counties. In 2009/10 the shire counties attracted the majority of inward investment projects (55%). See left.

However, the metropolitan areas of Birmingham, Coventry, Solihull, Dudley, Sandwell, Walsall and Wolverhampton have attracted perhaps just over half of the projects over the years – see below. The number of jobs created and safeguarded also generally follows a similar pattern.

Stacked bar chart shows percentage of inward investments into West Midlands metropolitan areas versus shire counties between 1991 and 2010

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New Deal for Communities has brought significant improvements to deprived neighbourhoods in West Midlands

A new report  published by Communities and Local Government, A New Deal for Communities Experience: A final assessment (pdf, 779kb), highlights how government investment has had a positive impact on the six New Deal for Communities (NDC) areas in the West Midlands.

The £2 billion flagship regeneration programme between 2001 and 2008 helped:

  • Reduce the proportion of working age residents in Walsall NDC area with no qualifications by 17 percentage points
  • Raised the satisfaction with housing to 91% in 2008
  • Reduced the proportion of residents in the Aston NDC area feeling unsafe in the dark from 20% to 17% in 2008
  • 81% of residents in Kings Norton NDC area feel they had good access to a doctor in 2008
  • 69% of residents in the Sandwell NDC area felt the NDC had improved their area

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Sustainable Cities Index: analysis for the West Midlands

Cover of Sustainable Cities Index 2009

Birmingham, Coventry and Wolverhampton are the three cities from the West Midlands included in the Sustainable Cities Index (pdf, 4.3mb) published recently by Forum for the Future.

This is the third year that the index has been published, which tracks sustainability progress achieved in Britain’s 20 largest cities. The index is designed to give a snapshot of sustainability in each city, aiming to encourage healthy competition, stimulating discussion and suggesting new ways of thinking about cities.

This post provides a short analysis of findings for the West Midlands cities and also highlights the similarities that this work has with our State of the Region dialogue on sustainable communities.

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West Midlands population increased to over 5.4 million in 2008

Office for National Statistics logoThe population of the West Midlands grew to over 5.4 million in 2008, according to the latest population estimates released by the Office for National Statistics.

With a population of 5.411 million, the region’s population grew by 0.5% (29,000) on the preceding year.

Natural change (births minus deaths) was the most significant contributor to the growth at 20,000, whereas net migration accounted for the remainder (9,000).

Locally within the West Midlands region, the most significant increases in population (in absolute terms) were recorded in Birmingham (up 7,000 to 1.017 million), and Coventry (up 3,000 to 310,000). With an increase in population on the preceding year of 1%, Coventry also recorded the largest rate of increase.

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