Economic Zones to Bring Jobs & Investment to Birmingham
Posted on 27th September 2012
Earlier this week, Birmingham City Council unveiled business plans which they hope will bring £1.5 billion of investment to the city, and create 50,000 jobs.
The proposals, outlined by the City Council, will see the creation of six economic zones which will span 1.8 million metres of floor space across the city; and each individual zone is to be tailored to a specific industry sector.
Under the proposals, a forty-nine acre site in Aston has been earmarked as the first area to be developed, for an advanced manufacturing site; whilst a life sciences campus will be created at the Queen Elizabeth Hospital and University of Birmingham in Edgbaston with a dedicated food hub at the former IMI site in north Birmingham.
Other zones are set to include an IT zone, a communications site, a city centre enterprise zone; whilst Tyseley will become home to the environmental enterprise district.
Sir Albert Bore, the leader of Birmingham City Council, said as he unveiled the proposals: “The launch of Birmingham’s economic zone prospectus demonstrates the city’s ambitious vision to become the UK’s enterprise capital.
“Birmingham has already shown its success and it is an attractive place for investment. We’re creating these sites to make it even more attractive.”
The advanced manufacturing site, earmarked for development in Aston, already has sites available for occupancy, and following the announcement, Mark Howell, of Nicklin Business Starter – a West Midlands Chartered Accountancy firm, who specialise in assisting entrepreneurs and business start-ups – said of the economic zones: “This is excellent news for the region.
“I hope that having hubs of excellence will attract much needed investment in the area and will be attractive to UK businesses looking to relocate and overseas businesses who want to establish a foothold in the area.”
He added: “We have seen with already established Science Parks that business zones can work but it is not only the businesses in the zones but the wider supply chain that can benefit”