Notes to editors
GBSLEP is a partnership of business, public sector and further and higher education. Its mission is to drive sustainable economic growth across the city-region, creating jobs and improving the quality of life for everyone.
The GBSLEP area spans nine local authority areas: Birmingham, Solihull, East Staffordshire, Cannock Chase, Lichfield, Tamworth, Redditch, Bromsgrove and Wyre Forest. It is home to over two million people, an estimated 848,000 jobs and an economy worth £44.5 billion.
Since 2010, the government has awarded GBSLEP £433 million to invest in a range of projects to grow the local economy. These include transport infrastructure, skills development, business support, innovation, and cultural and creative assets. GBSLEP is on course to secure more than £300 million of additional public and private investments, which will create a further 29,000 jobs and 7,000 new homes.
Since 2010, more than 130,000 new private sector jobs have been created across Greater Birmingham and Solihull. Last year, the area generated a 2.9% increase in economic growth – making it the fastest growing core city LEP in area in the country. More than 7,000 businesses have been supported by the GBSLEP Growth Hub in the past two years.
The government is committed to making the Midlands an Engine for Growth in the UK, increasing economic growth and improving the quality of life for everyone. The Midlands is home to over 10 million people and over 780,000 businesses. Its economy is worth £217.7 billion.
So far the government has awarded £1.9 billion in three rounds of Growth Deals across the Midlands.
Eight Enterprise Zones have been established in the Midlands Engine since 2012, and 3 zones have been extended. By March 2016 these had attracted almost £1 billion of private investment, and created 85 new businesses and 7,291 jobs.
Local Enterprise Partnerships are playing a vital role in driving forward economic growth across the country, helping to build a country that works for everyone. That’s why, by 2021, Government will have invested over £12bn through the Local Growth Fund, allowing LEPs to use their local knowledge to get all areas of the country firing on all cylinders.
Analysis has shown that every £1 of Local Growth Fund invested could generate £4.81 in benefits.
If you would like some further facts about the Fund, or the wider regeneration work going on across the country, please contact DCLG press office by emailing NewsDesk@communities.gsi.gov.uk in the first instance to request any additional information you might need.
Some additional key facts: