Research published on prospects for the West Midlands economy post recession

Report cover: The West Midlands economy post recessionAt the end of June, the Observatory published The West Midlands Economy Post Recession: Key Issues and Challenges (pdf, 844kb), a major piece of research exploring the changing needs of the region’s economy and labour market as it emerges from recession.

The research is informing the decisions of employers, individuals, providers and the skills system as they look to focus their investment in key areas to maximise impact.

Firstly, the research considers the region’s recent poor economic performance and the key factors that have contributed to this.

We detail the weaknesses within the region’s economic structure and, in particular, the dependence on public sector and lower value added private sector activities, in terms of GVA and jobs, and the limited representation of high value added, knowledge-based sectors.

We also highlight the low rates of productivity in many of the sectors that dominate the regional economy and assess the skill gaps and shortages businesses in the West Midlands face and the impact on productivity and performance.

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Observatory low carbon team update: June 2010

Black and white illustration representing an environmently friendly economyOpportunities for businesses in the low carbon economy have been the main focus of the team in recent weeks. We’ve also been producing our annual raft of monitoring work looking at all aspects of sustainable development and climate change.

Low carbon economy

Back in March, we published our report into the opportunites for growth into a low carbon economy in the West Midlands.

The research suggested that, in the West Midlands, sectors with prospects for growth into the low carbon economy include automotive & transport equipment, construction and public services amongst others.

The report highlights a number of potential low carbon opportunities. The manufacture of products for low carbon buildings is one, through providing insulation products, technical tiles and ceramics, and prefabricated building elements for construction.

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