Economic Performance 2015-2016

The LEP Board set out five challenging Key Performance Indicators (KPIs) in its Strategy for Growth. These support our vision to re-establish the city region as the leading economy outside of London and our aim to close the performance gap with the national average.

Performance against our target of increasing the number of private sector jobs remains strong and there have been further reductions in the levels of unemployment. Our target to increase Gross Value Added (GVA) by £8.25 billion also remains on track.

Despite this positive performance, other indicators show that signiicant challenges remain. The gap between GVA per head and the national average has increased according to the latest available data from 2014. The percentage of the working age population
with NVQ3+ also remains lower than that of the Core City LEP average.

Addressing the underlying issues which affects performance in these areas will be a key focus for the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) in 2016/17.

KPI dashboard

 

Deputy Chair, Steve Hollis discusses the performance & progress of the GBSLEP against KPIs over the past 12 months.