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 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

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.