We’ve had the Northern Powerhouse….will Birmingham become the Midlands Engine?

You can’t fail to notice that the Tories have been in town recently. The Conservative Party conference which was held at the ICC in Birmingham on the 1st and 2nd October, saw Theresa May and her new cabinet set the agenda for the party for the next 12 months and, unexpectedly, Theresa May gatecrashed a fringe event to give her backing for Birmingham becoming the ‘Midlands Engine’ of the economy. 

Birmingham business leaders had gathered at the Birmingham Rep theatre for the ‘Greater Birmingham for a Greater Britain’ event when Theresa May unexpectedly turned up to give her endorsement to Birmingham’s ambitious plans for the future and being a driving force for the region.

At the event the PM spoke about the significant growth and investment being attracted to the city including the regeneration associated with HS2 at Curzon Street and the new HSBC headquarters at Arena Central.

Theresa May also spoke about the success of the Greater Birmingham and Solihull Local Enterprise Partnership which has been steered by Andy Street and has been instrumental in attracting over 80 packages of foreign investment to the region. Andy Street is now firmly in the frame as being Birmingham’s first mayor.

To help drive Birmingham forward literally, there has also been confirmation of a £12 million government funding package to Midlands Connect, who have been tasked with improving transport across the West and East Midlands.

At the conference Transport Secretary Chris Grayling announced that this money will improve the road and rail links between the West and East Midlands and play a vital role in ensuring that the Midlands, which is worth over £220 billion to the UK economy, continues to be the ‘engine’ that the country needs it to be.

All of this spells good news for property investors in Birmingham, as the city raises its profile further on the world stage and exudes the kind of confidence that attracts investors from all over the globe.


10 October 2016
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