Saturday, April 18, 2015

Branson on the Midlands April 2015 issue 70

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It would be hard to take a gloomy view of the market now that so many schemes have come forward and HSBC has voted for Birminhgham as a headquarters for retail banking.

Of equal weight, perhaps, is the expansion of the traditional motor industry through Jaguar Land Rover and taxis at Geely.

The expansion of car manufacturing in its traditional home in the UK means letting factories to component makers and warehouses for car products.

This is a process that, once started, should continue because it means investment is giving the industry the latest technology. There is widespread backing through technology centres, such as at Ansty Park.

From the wider economic health point of view, what is encouraging is that Nottingham and Leicester are pushing hard in the East Midlands and a variety of towns and cities, such as Mansfield and Lichfield, are getting substantial new schemes. An expanded programme of rail and road investment is also helping and it was timely that Birmingham got a rebuilt New Street station as well as more tram services.

In fact, the expansion of manufacturing and the broadening of the financial community with Deutsche Bank and HSBC make the Midlands one of the best balanced economic regions in the UK. It was always a hive of entrepreneurial activity and it is embarking on a new phase of growth.

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