Birmingham Businesses Thriving
Posted on 26th July 2012
Birmingham businesses are celebrating after an ambitious £125 million investment plan, aimed at creating 40,000 city-centre jobs, was given the green light.
The board of the Greater Birmingham and Solihull Local Enterprise Partnership have approved the plans for a twenty-five year Birmingham City Centre Enterprise Zone, with the first phase set to include an investment of more than £60 million in infrastructure in the Westside part of the city to unlock developments such as Paradise Circus.
Also included within the plans is £25 million for the extension of the Metro from New Street to Centenary Square, £40 million to support site development and business growth, as well as a further £3.5 million business development package and £1.5 million towards skills and training.
Following the announcement of the plans being given the go ahead, chairman of the Greater Birmingham and Solihull Local Enterprise Partnership, Andy Street, said: “The Enterprise Zone provides us with an unrivalled opportunity to drive regeneration and create new and additional jobs which would otherwise simply not happen.
“Not only will we create a further 40,000 jobs, add £2billion a year to the value of the economy and make available 1.3m sq metres of floor space, but ultimately we will deliver our ambition of becoming a truly world-class city region.”
The news of the Enterprise Zone being given the go-ahead, follows the earlier good news that Jaguar in Castle Bromwich are to employ 1,100 more staff to work on the new Jaguar XF Sportbrake estate car and other models – in a move which has been described as local residents as “fantastic for the area.”
It certainly seems as though now is the right time for Birmingham businesses – from those that are already established, to start-ups and entrepreneurs – to plan for the future and look to expand, as the West Midlands business community begins to thrive again; and our experienced financial team here at Nicklin Business Starter are on hand to offer valuable financial advice to ensure that your business can make the most out of the situation.