The West Midlands

economic recovery

After a deep recession recovery is gathering momentum in the West Midlands

The private sector is driving growth

There has been an upsurge in Foreign Direct Investment

Supported by key development sites

Rapid expansion of ‘home grown’ SMEs

 

 

Key messages

Recession and recovery - jobs

Public v private sector

Upsurge in inward investment

Key sites are being developed to attract investors

 

 

Key FDI projects in 2013-2014

Company Country New Jobs Industry Location

Jaguar Land Rover India 1700  Motor vehicles  Solihull

ExtraEnergie Germany 1000  Electricity, gas supply  Birmingham

London Taxi Company China 400  Motor vehicles  Coventry

Freeman UK USA/Texas 350  Other business activities  Rugby

Deutsche Bank Germany 300  Financial intermediation  Birmingham

Jaguar Land Rover India 250  Motor vehicles  Coventry

Draexlmaier Automotive UK Germany 200  Motor vehicles  North Warwickshire

Heinz Single Service USA/Nebraska 150  Food products  Telford & Wrekin

Cargill Meats Europe USA/Minnesota 149  Food products  Herefordshire

Denso Manufacturing Japan 140  Motor vehicles  Telford & Wrekin

Vax (Birmingham) Hong Kong 140  Electrical equipment & apparatus  Birmingham

DTZ Australia 140  Business services  Birmingham

LaSer France 130  Business services  Solihull

London Taxi Company China 100  Motor vehicles  Nuneaton & Bedworth

Allianz Germany 100  Insurance  Birmingham

Euro Car Parts USA/Illinois 100  Motor vehicles  Tamworth

Hermes Parcelnet Germany 100  Supporting transport activities  Tamworth

Cadbury USA/Illinois 100  Food products  Birmingham

Growth is being underpinned by a group of dynamic SMEs