In addition to the established Birmingham City Centre Enterprise Zone, the GBSLEP has developed a proposal for an Enterprise Belt.
The Enterprise Belt covers 580 hectares outside of Birmingham and has the potential to generate £14 billion GVA growth by 2026, create well over 1 million square metres of floor space and up to 96,000 jobs.
It includes the M42 Economic Gateway, which is a major growth pole with great potential for investment and job creation. A number of major economic assets are located along or close to the motorway including Birmingham Airport, the NEC, Jaguar Land Rover, Solihull Town Centre and major investment sites at Birmingham Business Park and Blythe Valley Business Park.
The Belt also includes a number of sites in the E3I belt, a 20-40 km area straddling southern Staffordshire and north Worcestershire. This area combines ‘economic’, ‘entrepreneurial’, ‘environmental’ and ‘innovation’ factors to create the conditions for business growth and potential for sustainable, knowledge-based economic growth.
The GBSLEP is using various tools it has available to unlock the potential of the Enterprise Belt proposal, including using Growing Places funding, business rate uplift from the Birmingham City Centre Enterprise Zone, simplified planning and discussions around the Greater Birmingham City Deal.