Latest ons employment survey highlights regional economic success
Employment figures out today are providing a very positive indication of the economic performance of the Greater Birmingham & Solihull Local Enterprise Partnership (GBSLEP) region.
The report containing data for 2014 has been produced by the Office of National Statistics (ONS) and is based on the Business Register Employment Survey (BRES) for 2014 and shows that 40,800 private sector jobs were created during the period. It brings total private sector jobs growth in the area to 85,200 against the LEP’s target of achieving 119,000 by 2020.
The figures show that the rate of private sector jobs growth in Greater Birmingham at 6% was higher than in any other core city LEP area apart from the West of England and well above the national growth rate of 4.3% and London’s growth rate of 4.0%.
The sectors contributing most to private sector jobs growth were employment activities, construction, retail, legal & accounting, warehousing and digital and creative.
Andy Street, chairman of the GBSLEP, said: “These latest figures are extremely encouraging for our region, in particular for our private sector partners and underline the hard work and commitment that has gone into achieving 72% of our target for new job creation, five years ahead of time.
“A number of key successes have contributed to this positive result, including the fact that Birmingham produced the highest number of start-ups outside London in 2014. Additionally, the LEP area is also the top performing English region in terms of attracting inward investment with direct foreign investments.
“I am confident that we can continue to build on this performance on the back of other key announcements such as the creation of 1,500 jobs at the HS2 construction headquarters in the city centre, and investments from companies like HSBC, Deutsche Bank, Extraenergy and Hydraforce which are bringing new jobs to the area. The economic landscape for the GBSLEP region is looking extremely positive for growth and job creation over the next few years.”
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