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A rejuvenated Birmingham leads the West Midlands
as distribution hub, conference and business mecca.
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Area: |
15,628
sq km |
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Population: |
4.2m |
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Regional
GDP³ |
£51.0bn |
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Exports
to EU³ |
£5.4bn
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Exports
outside EU³ |
£5.1bn |
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Unemployment |
4.9% |
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Industrial
property cost* |
79.3 |
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Office
rental cost** |
55.2 |
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%
of exports to Asia/Oceania³ |
11.9% |
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Foreign
manufacturing investment² |
£500m |
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UK
manufacturing investment² |
£1162m |
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R&D
expenditure³ |
£838m |
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Gross
Value Added per employee¹ |
£33,700 |
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Export
value per employee³ |
£6207 |
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Average
earnings per hour³ (male) |
£9.70 |
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Average
earnings per hour³ (female) |
£8.00 |
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³=2000;
=Q1,2001; ²=1997; *index: UK=100 (type 3 industrial
property Q1 2001);
¹=manufacturing; ** index: UK=100 (type 1 office accommodation
Q1 2001)
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You
cant get much more central than the UKs West Midlands.
Birthplace of the industrial revolution, the region is closely associated
with the countrys second city of Birmingham and the urban
areas of Coventry, Dudley, Sandwell, Solihull, Walsall and Wolverhampton,
but also includes the rural counties of Shropshire, Herefordshire,
Worcestershire, Staffordshire and Warwickshire.
The West Midlands is currently the UKs most
successful inward investment region, and is among the top five in
Europe. Companies choosing the West Midlands include Gap, Bidcom,
Neoproducts, Manusoft, Dana and Lryeco, taking the number of overseas-owned
businesses now present in the West Midlands to nearly 2000.
The West Midlands is still a key UK manufacturing
centre. Manufacturing produces 30% of the regions GDP and
employs 27% of workers. Many manufacturing businesses have diversified
from traditional markets, the automotive sector in particular, into
plastics and rubber, electronics and telecommunications, food and
drink, jewellery, glass and leather. Growth in the service sector
has been the fastest of any UK region, particularly in retail and
distribution. The regions central location puts the whole
country within fast and easy reach by road, rail and air, which
has made the West Midlands the heart of the national distribution
network. All major national multiple retailers have distribution
centres in the West Midlands. Food and drink manufacturing industries
are particularly strongly represented, with 700 companies employing
37,000 people, transforming the agricultural riches of the region
into everything from Worcestershire sauce to tortillas.
Other growing service areas include business services,
and the hotel/catering sector. These are particularly strong in
Birmingham, where a thriving business services sector offers software
consultancy, legal, accounting, market research, advertising, architectural
and design services. The city centre has been rejuvenated in recent
years as a major European conference and exhibition centre, regularly
attracting more than 40% of the UKs conference business. The
National Indoor Arena (NIA), Symphony Hall and International Convention
Centre make up a complex which has been used for global events such
as the G8 summit, while the National Exhibition Centre (NEC) hosts
regular and sizable events and entertainment. The NEC is situated
adjacent to the Birmingham International Airport, its railway station
serviced by trains to and from London every 30 minutes.
Knowledge centre
The regions heritage of innovation has led to a vibrant knowledge
economy in the region. Nearly one third of UK publicly-quoted software
and computer services companies have operations in the region, and
Australian companies such as NeoProduct, Manusoft, SMS, TNA and
Auto-bake have established a presence in the Birmingham area.
Centres of excellence cover a wide range of IT and
communications: Staffordshire University started the first course
in interactive game design; Coventry University has expertise in
biomedical computing. The Birmingham Research Park has the UKs
first dedicated incubator centre for ICT companies, while the regions
nine universities and 60 higher/further education colleges produce
13% of the UKs first-time IT and computer science graduates.
A recent report highlights the regions buoyant
environment industry, employing more than 90,000 people in the West
Midlands. Growth drivers include regeneration activities, climate
change research and agri-environment.
Contacts & websites:
Advantage West Midlands www.advantagewm.co.uk
In Australia
Telephone: +61 2 9660 6625
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