The Midlands Investment Guide 2018

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MAY 2018 midlands businessinsiderinsiderinsider insider COMMONWEALTH GAMES | INVEST IN COVENTRY | FURTHER EDUCATION SPECIAL | PHARMA DEALS | EAST MIDLANDS DEALS REVIEW | MIDLANDS INVESTMENT GUIDE VOL.26 NO5 MIG flip.indd 1 INVESTMENT GUIDE THE MIDLANDS SPONSORED BY 06/04/2018 15:16 MBI May 18 cover.indd 1

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MBI May 18 cover_SASHES.indd 4 06/04/2018 15:25 SPONSORED BY INTRODUCTION

WELCOME TO THE MIDLANDS INVESTMENT GUIDE

Sir John Peace, chairman, Midlands Engine

One year on from the launch of the Midlands Games and Coventry becoming UK City of 3 Automotive Engine Vision for Growth, the region is in Culture in 2021. its strongest position yet to lead on the work to Recently the Midlands presented its success 4 Creative industries rebalance the British economy, as the UK story in the south of France to nearly 5,000 looks to shape a new relationship with the EU visitors at MIPIM, the leading property expo, and with the wider world. highlighting £11bn of investment opportunities. 7 Advanced Home to over 10 million people and 440,000 Since launching the fi rst Midlands Engine engineering large and small businesses, the Midlands Investment Portfolio, we have seen strong & manufacturing has huge potential and the Midlands Engine overseas interest in many of the projects. Partnership is focused on its One recent notable devel- 9 Rail global success. opment is the Worcestershire As a Midlander and “ I am convinced that the 5G Consortium’s success 11 Construction businessman, I know very well UK’s future economic in securing £4.8m from & real estate how much this region has to government to take its 5G prosperity can be driven offer. I am convinced that the testbed project forward. This 13 Energy & low UK’s future economic pros- by the Midlands’ industry, will ensure the Midlands carbon perity can be driven by the Engine is at the forefront innovation and energy.” Midlands’ industry, innovation of connectivity and digital 14 Agri-tech, food and energy. infrastructure, driving forward & drink We are home to some of the country’s leading new 5G business opportunities and developing businesses in traditional and leading-edge a homegrown 5G skills base. 15 Healthcare sectors. We host some of the most exciting Thousands of businesses, meanwhile, are & life sciences startups, outstanding infrastructure projects and being offered new sources of fi nance through the most innovative academic institutions. We the Midlands Engine Investment Fund. have an enviable and I believe unparalleled offer The Midlands is open for business and we 17 Professional to trade partners, investors and those who live here. are very confi dent about our future. There is no services We have an opportunity to capitalise on doubt we are a region that is one of the best events that will put us on the world stage, with places in the world to live, run a business, learn 18 Aerospace Birmingham hosting the 2022 Commonwealth and raise a family.

p1 MIG intro.indd 1 10/04/2018 12:31 ADVERTISING PROFILE

THERE’S SOMETHING ABOUT THE MIDLANDS ENGINE

Described as the ‘UK’s new growth capital’, with investments such as HS2, Commonwealth Games and City of Culture accolades, the momentum to deliver long-term economic growth remains strong

The Midlands Engine covers a consid- compared with the previous year – erable area. Powered by over 10 million the largest absolute increase of any people, it contributes £220bn to the UK UK region. Looking ahead to 2020, economy and accounts for 19% of all total employment in the Midlands UK exports going to over 100 countries – is expected to increase by 0.35% per making the Midlands one of the highest year – just behind the UK average regional exporters in the UK. of 0.4%. The Midlands Engine plays a vital role However, with Birmingham hosting in the UK’s economic prosperity and has the Commonwealth Games in 2022 an unrivalled plan for regional growth and Coventry announced as City of and connectivity that will help to boost Culture in 2021, we expect an economic the economy both locally and across and employment boost to both cities and the UK. the wider region leading up to 2020, as The Midlands has also attracted a well as a likely boost in 2021 and 2022. significant amount of investment that Looking at the experience of Hull has boosted the region’s economy and being City of Culture in 2017 suggests will contribute to the growth ambitions a boost to GVA of over £50m is possible, of the Midlands Engine. The Chancellor with the potential to create more than announced in the Autumn Budget 1,500 jobs. Glasgow’s hosting of the transport commitments such as the 2014 Commonwealth Games reportedly £1.7bn Transforming Cities Fund and created 6,000 jobs and provided a £52m a second devolution deal for the region, boost to the economy through while a manufacturing zone will be construction work. piloted in the East Midlands to drive business investment and productivity. Simon O’Neill, Managing Partner, EY Midlands What’s next for the Midlands Engine? The first ever Spring Statement in March Mayor of the West Midlands, Andy Street 2018 also announced a housing deal between 2018 and 2020, with 1,400 fewer recently announced the West Midlands to build 215,000 homes in the West jobs forecast in the sector by 2020. Investment Prospectus at MIPIM, offering Midlands by 2031. The next decade will see an acceleration up to £10 billion of opportunities to invest in the pace of technological change like in what Andy Street called the ‘UK’s new Attracting global investment no other and the technological revolution growth capital’. The Midlands continues to attract a wave in manufacturing is set to fundamentally The Investment Prospectus provides of overseas investors, confirming the transform the way in which manufacturers investors with a clear road map for joining region’s strength as an international busi- make, distribute and sell their products. the hundreds of companies relocating ness and investment destination. Research This digitisation of manufacturing will to the region and should serve to attract from EY’s UK Attractiveness Survey shows create new opportunities for growth, more businesses and skilled people that the Midlands continues to attract as well as its challenges, but employment to the region, which in turn will boost record levels of inward investment, with is expected to be impacted as technology employment and productivity. over 50% of projects coming in the manu- is used to boost productivity. The Midlands Engine needs to facturing sector. build momentum and use high profile Manufacturing remains the region’s Boost to employment and investments such as HS2, Commonwealth core strength and continues to underpin economic growth Games and City of Culture as a catalyst economic activity, however, our forecast EY’s Regional Economic Forecast tracks for growth to deliver the long-term predicts that the pace of job creation in the employment in the region, with 171,000 economic growth that we need for the manufacturing sector is expected to slow more Midlands jobs recorded in June 2017 economy of the future.

For further information: Direct: +44 121 535 2489 | Email: [email protected]

MIG p2-3 automotiveindd.indd 2 06/04/2018 15:41 SPONSORED BY AUTOMOTIVE ADVERTISING PROFILE

THERE’S SOMETHING ABOUT POWER AND DRIVE The Midlands is the centre THE MIDLANDS ENGINE of the UK automotive sector, worth £8bn per year, with Described as the ‘UK’s new growth capital’, with investments such as HS2, Commonwealth Games and 885 companies and 60,000 City of Culture accolades, the momentum to deliver long-term economic growth remains strong employees. The West Midlands accounts for 40 per cent of the UK motor The Midlands Engine covers a consid- compared with the previous year – industry’s total output and is erable area. Powered by over 10 million the largest absolute increase of any home to the country’s largest people, it contributes £220bn to the UK UK region. Looking ahead to 2020, car manufacturer Jaguar Land economy and accounts for 19% of all total employment in the Midlands Rover as well as Aston Martin, UK exports going to over 100 countries – is expected to increase by 0.35% per Morgan Motor Company, London making the Midlands one of the highest year – just behind the UK average Electric Vehicle Company and regional exporters in the UK. of 0.4%. dustcart maker Dennis Eagle. The Midlands Engine plays a vital role However, with Birmingham hosting BMW also has an engine in the UK’s economic prosperity and has the Commonwealth Games in 2022 an unrivalled plan for regional growth and Coventry announced as City of factory in Warwickshire. and connectivity that will help to boost Culture in 2021, we expect an economic The East Midlands makes the economy both locally and across and employment boost to both cities and up five per cent of the sector’s the UK. the wider region leading up to 2020, as total national output and serves The Midlands has also attracted a well as a likely boost in 2021 and 2022. as a base for Toyota, supercar Toyota: building the next-generation Auris in Derby significant amount of investment that Looking at the experience of Hull maker Noble and motorcycle has boosted the region’s economy and being City of Culture in 2017 suggests brands Triumph and Norton. Automotive Innovation Centre electric is historic luxury brand will contribute to the growth ambitions a boost to GVA of over £50m is possible, Indian-owned motorbike will be used to develop and Morgan, which has started to of the Midlands Engine. The Chancellor with the potential to create more than marque Royal Enfield also has test electric, light weight and produce a battery-powered announced in the Autumn Budget 1,500 jobs. Glasgow’s hosting of the 885 a research and development semi-autonomous vehicles, sportscar at its Malvern plant. transport commitments such as the 2014 Commonwealth Games reportedly Number of plant in south Leicestershire. and will be Europe’s largest Japanese-owned Toyota is £1.7bn Transforming Cities Fund and created 6,000 jobs and provided a £52m a second devolution deal for the region, boost to the economy through These automotive groups automotive R&D facility when to invest £240m upgrading automotive while a manufacturing zone will be construction work. have made huge investments it opens this summer. its plant in Derby, where it piloted in the East Midlands to drive as they seek to take advantage Meanwhile, Chinese-owned makes the petrol-electric companies business investment and productivity. Simon O’Neill, Managing Partner, EY Midlands What’s next for the Midlands Engine? of the move into electric and London Electric Vehicle Company hybrid Auris. Earlier this year The first ever Spring Statement in March Mayor of the West Midlands, Andy Street autonomous vehicles. Jaguar – formerly London Taxi Com- the company pledged to build 2018 also announced a housing deal between 2018 and 2020, with 1,400 fewer recently announced the West Midlands Land Rover’s Indian owner Tata pany – has opened a £300m the next-generation of the small to mid-capacity Indian to build 215,000 homes in the West jobs forecast in the sector by 2020. Investment Prospectus at MIPIM, offering is pumping £1bn into a vehicle factory in Coventry, where it will vehicle at the factory, securing market is potentially lucrative, Midlands by 2031. The next decade will see an acceleration up to £10 billion of opportunities to invest research centre at the University produce a new electric taxi. thousands of jobs. A short drive with some experts suggesting in the pace of technological change like in what Andy Street called the ‘UK’s new of Warwick. The National Another manufacturer embracing down the M1, Leicester-based it could increase the brand’s Attracting global investment no other and the technological revolution growth capital’. supercar maker Noble, which annual sales by 100,000 units, The Midlands continues to attract a wave in manufacturing is set to fundamentally The Investment Prospectus provides makes the M600 supercar, is from 63,400 currently. Fellow of overseas investors, confirming the transform the way in which manufacturers investors with a clear road map for joining region’s strength as an international busi- make, distribute and sell their products. the hundreds of companies relocating planning to ramp up production Leicestershire motorcycle maker ness and investment destination. Research This digitisation of manufacturing will to the region and should serve to attract after being acquired by Norton is aiming to build the from EY’s UK Attractiveness Survey shows create new opportunities for growth, more businesses and skilled people Chinese investors. first 100 per cent British-made that the Midlands continues to attract as well as its challenges, but employment to the region, which in turn will boost On the two-wheel front, production bike in more than record levels of inward investment, with is expected to be impacted as technology employment and productivity. world renowned big-engine 50 years. Last year it opened over 50% of projects coming in the manu- is used to boost productivity. The Midlands Engine needs to brand Triumph has teamed the Norton Technical Academy facturing sector. build momentum and use high profile up with Indian manufacturer to feed its supply chain with Manufacturing remains the region’s Boost to employment and investments such as HS2, Commonwealth Bajaj to create a range of talent. Eighty-five per cent of core strength and continues to underpin economic growth Games and City of Culture as a catalyst lower-powered, lower-priced the brand’s components are economic activity, however, our forecast EY’s Regional Economic Forecast tracks for growth to deliver the long-term Noble’s M600 supercar motorcycles. The move into the made in this country. n predicts that the pace of job creation in the employment in the region, with 171,000 economic growth that we need for the manufacturing sector is expected to slow more Midlands jobs recorded in June 2017 economy of the future. Our rebalancing the economy programme facilitates debate For further information: between business and government to support economic development and growth across the UK. ey.com/uk/midlands Direct: +44 121 535 2489 | Email: [email protected]

MIG p2-3 automotiveindd.indd 3 06/04/2018 15:41 CREATIVE INDUSTRIES & DIGITAL

SPONSORED BY

Sea of Thieves

When it comes to selling your land, we will find the route tomaximising your return

We understand that selling your land is potentially a life changing decision and when you embark on this journey, we will be there with VIRTUAL CRAFT you every step of the way. The Midlands’ creative sector The exciting story is digital, Leamington Spa and games developer Rare, near is worth more than £5.5bn a which makes up more than a Warwick has the third-largest Ashby-de-la-Zouch, has year, and it is growing fast. quarter of the total output of the gaming cluster in the UK created some of the best- Employment in the industry, region’s creative sector. There behind London and Dundee, known games. Its latest is Sea which ranges from advertising are digital clusters in Birmingham, with companies such as of Thieves, allowing players to architecture, rose by 45 per Nottingham, Malvern, Worcester Codemasters, SEGA and to team up with friends in an cent between 2010 and 2015 and Leicester, as well as key Ubisoft, the French group online world of quests, treasure to 379,000 people, with mar- cyber security businesses in behind Assassin’s Creed. The and adventure. keting and digital businesses Hereford thanks to the town’s cluster has more 30 games Nottingham Creative Quarter accounting for about half. links to military intelligence. studios, employing 2,000-plus (NCQ) features the National In the West Midlands, the Birmingham alone has 6,000 highly skilled people, more Videogame Arcade, which sector’s value to the economy tech companies employing than a tenth of the UK games celebrates and ‘interprets’ is expected to grow almost more than 36,000 people. Key development workforce. videogames, and is the only three-fold to £11.2bn by 2030. sites include the Innovation In the East Midlands, digital facility of its kind in the UK. The industry is dominated by Birmingham digital campus is focused on gaming, app NCQ also includes the private slick and nimble small and and the Custard Factory in the development and medical equity-backed AppInstitute, micro businesses. Digbeth area. technology. Microsoft-owned which allows individuals with Crafts is where the West little to no prior technical Midlands has the biggest share knowledge to create their own of the total UK output at 19.8 app. Elsewhere in the East per cent, the lowest is ﬁ lm, TV, Midlands, Derby was the birth- radio and photography at 0.7 place of the ﬁ rst cyber celebrity, per cent. This could change if Lara Croft, while Leicester’s Channel 4 decides to move its £11.2bn digital businesses include the headquarters from London to Expected value of the stock market-listed CloudCall, the region. Birmingham, Stoke the business communications and Coventry are each bidding creative sector in 2030 software specialist which works for the relocation. closely with Google. ■ Rosconn Strategic Land Limited

Our rebalancing the economy programme facilitates debate Rosconn House, 1 Grove Road, Stratford upon Avon, Warwickshire CV37 6PE between business and government to support economic T: 01789 294520 E: [email protected] development and growth across the UK. ey.com/uk/midlands www.rosconngroup.com 4

MIG p4-5 creative.indd 4 06/04/2018 15:42 When it comes to selling your land, we will find the route tomaximising your return

We understand that selling your land is potentially a life changing decision and when you embark on this journey, we will be there with you every step of the way.

Rosconn Strategic Land Limited Rosconn House, 1 Grove Road, Stratford upon Avon, Warwickshire CV37 6PE T: 01789 294520 E: [email protected] www.rosconngroup.com

MIG p4-5 creative.indd 5 06/04/2018 15:42 Founded by industrialists and entrepreneurs as the Coventry School of Design in 1843, Coventry University is celebrating 175 years in its city. Today Coventry University has a hard-won reputation for teaching excellence, working closely with business and providing research with impact. Our four faculties, 13 research centres and dedicated Enterprise and Innovation team are ready to work with you.

Impact for business Working with partners we offer consultancy, research, executive education and graduate internship programmes to businesses regionally, nationally and globally. Find out how we can give your work more impact.

Co-develop with us We co-develop new products and partnerships on campus, at our Technology Park, or at your place of work. We are ready to innovate and create to give you a competitive edge. Ask about our track record and existing high-impact partnerships.

Entrepreneurship as standard Our institution was created 175 years ago to partner with business and tackle its next challenges. Our researchers, advisers and education providers hold this in mind. Join us to see how pioneering technologies and new ways of working can prepare you for success.

To ﬁ nd out more go to: www.coventry.ac.uk/business E: [email protected] Ranked 12th in UK T: 02476 158258 Guardian University Guide 2018

p6-7 MIG engineering.indd 6 06/04/2018 15:42 ADVANCED ENGINEERING & MANUFACTURING SPONSORED BY

AMRICC centre in Stoke TECH ADVANTAGE A centre for manufacturing and International Security ■ The £30m Applied capitalise on its expertise in for more than three centuries, Printers also occupy i54. Materials Research, Innovation space technology by creating a the Midlands has grown to ■ The £300m Mira Tech- & Commercialisation Company £75m space park, which aims become home to a vast range nology Park, on the site of the (AMRICC) in Stoke-on-Trent to bring 600 hi-tech jobs to the Founded by industrialists and entrepreneurs as the Coventry School of Design in 1843, Coventry University is of high-tech manufacturing Horiba MIRA vehicle research is aimed at creating new city. The University of Leicester’s celebrating 175 years in its city. Today Coventry University has a hard-won reputation for teaching excellence, businesses in industries including centre near Nuneaton, boasts manufacturing materials and Institute of Space and Earth working closely with business and providing research with impact. Our four faculties, 13 research centres and aerospace, automotive and 30-plus advanced engineering processes, such as Field Observation Science will move dedicated Enterprise and Innovation team are ready to work with you. medical technology. The main businesses, including global Enhanced Sintering (FES), which to a 15-acre site close to the players include Rolls-Royce, names in Lockheed Martin, enables raw clay to be turned National Space Centre. Impact for business Jaguar Land Rover and JCB. Bosch, Bentley and Michelin. into ceramics in 30 seconds The region’s universities are Working with partners we offer consultancy, research, executive education and graduate internship programmes The region’s cutting edge in ■ Infi nity Park Derby revealed instead of the usual 40-minute providing the skilled graduates to businesses regionally, nationally and globally. Find out how we can give your work more impact. manufacturing is driven by a the University of Sheffi eld kiln process. Lucideon, the to drive advanced engineering series of world-leading innovation Advanced Manufacturing Stoke-on-Trent-based materials and manufacturing, with 17,000 and research centres. Research Centres (AMRC) is technology business behind per year leaving West Midlands Co-develop with us ■ The Institute of Advanced to set up a 50,000 sq ft base FES, says a US company which universities with qualifi cations We co-develop new products and partnerships on campus, at our Technology Park, Manufacturing & Engineering, on the 100-acre commercial makes orthodontic braces is so in science, engineering and or at your place of work. We are ready to innovate and create to give you a competitive a collaboration between and technology hub. AMRC impressed it is looking to open business subjects. The University edge. Ask about our track record and existing high-impact partnerships. Coventry University and has helped secure more than up a production operation in of Birmingham specialises in Unipart Manufacturing, and £100m of investment to the Stoke, bringing skilled engineers advanced materials, castings Entrepreneurship as standard the Manufacturing Technology Sheffi eld city region from Boeing, and technical know-how. technology, mechanical, elec- Our institution was created 175 years ago to partner with business and tackle Centre, a leading researcher Rolls-Royce and McLaren. ■ Leicester hopes to trical and chemical engineering its next challenges. Our researchers, advisers and education providers hold into 3D printing technology, and is home to the Rolls-Royce this in mind. Join us to see how pioneering technologies and new ways of both in Coventry. University Technology Centre. ■ Birmingham’s Advanced Birmingham City University working can prepare you for success. Manufacturing Hub houses US has developed research into hydraulics maker Hydraforce emissions control, fuel and and German-owned precision power developments. And the engineering company Guhring. 30 SECONDS Science City Research Alliance, ■ Mucklow Park i54, a 239- which brings together two To fi nd out more go to: acre scheme between north Time it takes FES technology leading research universities, Wolverhampton and the M54, to turn clay into ceramics, the University of Birmingham www.coventry.ac.uk/business houses Jaguar Land Rover’s and the University of Warwick, E: [email protected] Ranked 12th in UK advanced engine manufac- compared with usual 40 minutes in collaborative projects in T: 02476 158258 Guardian University Guide 2018 turing facility. Eurofi ns, MOOG advanced materials. ■

p6-7 MIG engineering.indd 7 06/04/2018 15:42 DUDLEY’S BUSINESS AND INNOVATION ENTERPRISE ZONE DY5DY5 A LOCATION• NEW METRO OF CHOICE LINE FUNDING FOR NEW CONFIRMED AND EXPANDING BY THE BUSINESSES PRIME MINISTER • DUDLEY’S BUSINESS AND INNOVATION ENTERPRISE ZONE IS BASED IN THE BOROUGH’S STRATEGIC CENTRE OF BRIERLEY HILL. DY5 OFFERS A VARIETY OF LOCATIONS THAT CATER FORDUDLEY’S BUSINESSES LOOKING BUSINESS FOR BOTH INDUSTRIALAND AND DY5MANUFACTURINGSITE PROPOSAL: SPACE ASINNOVATION WELL AS OFFICE ACCOMMODATION. ENTERPRISE ZONE DY5FOR: is unique in that it is able to offer immediately available office accommodation and industrial units withA BY:LOCATION the key benefit OFof up toCHOICE £55,000 (per FOR year) NEWbusiness AND rate relief EXPANDING over a five year BUSINESSESperiod for new and expandingDATE: businesses moving to the enterprise zone.

Support the 36,000m2 of Up to £55,000 per creation of over new technology year business rate 300 new space businesses discount over a 18,000m2 five-year period for new of vacant office occupants* space 65,000m2 of Superfast new industrial broadband space *Businesses that locate onto sites in the enterprise zone must have done so before March 2022 to be able to access business rate relief. Office accommodation at the Waterfront New industrial units at Pensnett Trading estate (Prime-Point)

DUDLEY’S BUSINESS AND 2 DY5 INNOVATION ENTERPRISE ZONE

p8-9 MIG rail.indd 8 06/04/2018 15:43 DUDLEY’S BUSINESS AND INNOVATION ENTERPRISE ZONE SPONSORED BY Rail DY5DY5 A LOCATION• NEW METRO OF CHOICE LINE FUNDING FOR NEW CONFIRMED AND EXPANDING BY THE BUSINESSES PRIME MINISTER • DUDLEY’S BUSINESS AND INNOVATION ENTERPRISE ZONE IS BASED IN THE BOROUGH’S STRATEGIC CENTRE OF BRIERLEY HILL. DY5 OFFERS A VARIETY OF LOCATIONS THAT CATER FORDUDLEY’S BUSINESSES LOOKING BUSINESS FOR BOTH INDUSTRIALAND AND DY5MANUFACTURINGSITE PROPOSAL: SPACE ASINNOVATION WELL AS OFFICE ACCOMMODATION. ENTERPRISE ZONE DY5FOR: is unique in that it is able to offer immediately available office accommodation and industrial units withA BY:LOCATION the key benefit OFof up toCHOICE £55,000 (per FOR year) NEWbusiness AND rate relief EXPANDING over a five year BUSINESSESperiod for new and expandingDATE: businesses moving to the enterprise zone.

OFFICEWELCOMEDY5 CONTACT INFORMATION: TO DUDLEY The office accommodation is of high quality and low cost and is located within an idyllic waterfront setting, offeringDUDLEY nearby IS THE hotel HISTORIC accommodation, CAPITAL a selection OF THE of places BLACK to eat COUNTRY, and drink, readilyA REGION available LOCATED free car parkingIN THE and HEART a leading OF retailTHE and WEST leisure MIDLANDS, destination on IN its THE doorstep. CENTRE OF THE UK. IT IS CLOSE TO THE M5 AND M6, JUST EIGHT MILES FROM BIRMINGHAM CITY CENTRE AND INDUSTRIALWITHIN EASY REACH & TECHNOLOGY OF BIRMINGHAM INTERNATIONAL AIRPORT. WELCOMETo complement this existing TO space DUDLEY DY5 includes industrial units for lease on a well established and DY5 Dudley’s Business and Innovation Enterprise Zone offers a variety of locations that cater for businesses maintained industrial estate along with industrial and technological sites for development that also have Bombardier DUDLEYlooking for ISboth THE industrial HISTORIC and manufacturing CAPITAL space OF THE as well BLACK as office COUNTRY, accommodation. A REGION LOCATED enterprise zone benefits. INDY5 THE is unique HEART in that OF it isTHE able WESTto offer immediatelyMIDLANDS, available IN THE office CENTRE accommodation OF THE and UK. industrial IT IS units CLOSE with the With a new metro line it aims to be the high tech office hub of the Black Country, connecting advanced TOkey THEbenefit M5 of ANDup to £55,000M6, JUST (per year)EIGHT business MILES rate FROMrelief over BIRMINGHAM a five year period CITY for new CENTRE and expanding AND manufacturing to industrial sites. WITHINbusinesses EASY moving REACH to the enterprise OF BIRMINGHAM zone. INTERNATIONAL AIRPORT. FOR MORE INFORMATION, CONTACT THE DY5 TEAM ON + 44 (0) 1384 812001, EMAIL MadeBENEFITS in the Black OF LOCATING Country, sold TO around DUDLEY’S the world. ENTERPRISE Dudley and the ZONEBlack Country INCLUDE: have a long history [email protected] OR VISIT WWW.DY5ENTERPRISEZONE.CO.UK THE RIGHT TRACK of providing world-class manufacturing and engineering and continue to provide the perfect economic The Midlands-based rail sector biggest train supply contracts. As well as making trains, the It is estimated HS2 will add conditions for advanced manufacturing. DY5 will create new creative and technological zones, bolstering is enjoying one of the most The Canadian-owned group region is playing a major role in £4bn and 74,000 jobs to the exciting periods in its history. recently won a seven-year modernising the UK’s rail network East Midlands economy by the borough’s strong manufacturingA £600m infrastructure, which100,000m2 employs 14.8%Simplified of the workforce Improved (national The enterprise infrastructure with The £56bn HS2 project and extension to its maintenance through improved efficiencies 2043. The East Midlands hub average 8.5%). injection into of new office local authority zone covers an a new metro line multimillion-pound improvements and support services contract and digital innovation – known is scheduled to open at Toton, the region’s space planning area of 70Ha, and scheduled to existing infrastructure mean with Transport for London, as UK rail sector 5.0. One close to the Nottinghamshire- economy to open in there is huge demand for the worth £106m. The factory is company helping to achieve this Derbyshire border, in 2033. within 25 years 2023 region’s expertise, clustered working on a £900m order is tech specialist Rosonate, also There are plans to extensively will see: around Derby. for 665 new carriages for new based in Derby. The company develop the area around the The East Midlands has Greater Anglia rail operator uses sophisticated software to hub and link the station to more than 150 rail businesses, Abellio, as well as a making manage rail traffic, improving Nottingham and Derby via a tram Support the 36,000m2 of Up to £55,000 per creation of over employing over 25,000 people 333 electric carriages for efficiency and preventing delays. or similar transport system, new technology year business rate 300 new space and contributing £2.6bn to the West Midlands Trains, a deal Skills are vital to the future of as well as give the two cities businesses discount over a region’s economy. worth hundreds of millions of the sector, currently worth a quicker link to Birmingham. 18,000m2 five-year period Bombardier Transportation, pounds. Its Derby factory is almost £17bn per year nationally. Meanwhile, Leicester is set to for new the train manufacturer, is supplied by scores of businesses The National College for High have improvements to its rail of vacant office involved in some of the UK’s in the region. Speed Rail in Birmingham will link to Birmingham, cutting occupants* teach 1,200 students each journey times by a fifth to space 65,000m2 of Superfast year. Birmingham is also the around 40 minutes. new industrial broadband headquarters of HS2 Ltd, the Greater Birmingham will space company behind HS2. benefit from two HS2 stations, *Businesses that locate onto sites in the The benefits from HS2 – the at UK Central in Solihull and enterprise zone must have done so before March high-speed rail link which will Curzon Street in Birmingham, 2022 to be able to access business rate relief. Office accommodation at the Waterfront New industrial units at Pensnett Trading estate (Prime-Point) 25,000 connect London with the north which will open in 2026. The of England, via the Midlands north Midlands will derive Rail sector employees – and other rail improvement major economic benefits from projects are not just limited to the HS2 station at Crewe, with in East Midlands specialist businesses. They will Stafford station connecting to be spread across the region. the HS2 line. n

DUDLEY’S BUSINESS AND 2 DY5 INNOVATION ENTERPRISE ZONE 9

p8-9 MIG rail.indd 9 06/04/2018 15:43 MIG p10-11 construction.indd 10 06/04/2018 15:43 CONSTRUCTION & REAL ESTATE SPONSORED BY BUILDING LEGACY The Midlands’ construction a 240,000 sq ft, 14-storey sq ft barrier for the first time, tenants, Amazon and XPO sector is booming, with a building which has been pre-let with 130 deals. This compared Logistics – who will operate a series of landmark projects on a 25-year lease to the with 692,729 sq ft across 139 distribution hub on behalf of taking shape. These include government and is being funded deals for 2016 and 970,458 sq Nestle – are due to move on the £700m Paradise and 3 by L&G. The development ft across 132 deals for 2015. site in 2019. Site owner Segro Arena Central developments in will house 3,600 civil servants, Take-up was boosted by was also close to securing an Birmingham, and the 700-acre who will move there by 2020 HS2-related demand, together occupier for third unit as Insider Segro Logistics Park East from departments including with larger transactions in went to press. Midlands Gateway. HM Revenue and Customs the professional services and But it is not just comprop These and other schemes, and the Department for Work serviced office sectors, where activity is focused. The together with infrastructure and Pensions. such as PwC committing to West Midlands Combined projects, mean 17,000 jobs are The building surge is being an additional 58,631 at One Authority has been handed expected to be created in the fuelled by an exodus of Chamberlain Square, part of £350m from the government to sector in the West Midlands in thousands of white collar workers the Paradise scheme. kick-start the region’s biggest the next five years, according from London and the South The biggest development housebuilding programme in to the Construction Industry East, which followed HSBC’s taking place in the East decades. It means that the Training Board (CITB). decision to move its UK head- Midlands is the £700m Segro region will aim to build 16,000 It says infrastructure projects quarters to Birmingham. This Logistics Park East Midlands homes a year, up from an will be the main driving led to office take-up in the city Gateway, close to East average of 10,000 over the force for the growth, including in 2017 breaking the 1 million Midlands Airport. Its first past three years. n a £1.8bn road improvement plan, and the HS2 rail link, with Two Chamberlain Square, Paradise Birmingham the West Midlands section worth £11bn. Birmingham is in the midst of a construction surge, with London developer Argent working with Canadian Pension Plan and Hermes to create 1.8 million sq ft of office and leisure space as part of the Paradise development, Birmingham’s largest in a generation. About 285,000 sq ft is under construction. Next to this is 3 Arena Central, 17,000 New construction jobs expected In West Mids in next five years

MIG p10-11 construction.indd 11 06/04/2018 16:26 ADVERTISING PROFILE

KNOW MORE. SPEND LESS.

In an increasingly unpredictable energy market, arming yourself with the right knowledge could save your business a fortune on energy expenditure. Kelly Ivison, Director of Exchange Utility, explains why

Contact James Clarke, Corporate Account Manager on 0161 6945 839 Exchange Utility Limited, Athenaeum House, Market Street, Bury BL9 0BW | www.exchangeutility.co.uk/insider

MIG p12-13 energy.indd 12 06/04/2018 15:44 ENERGY & LOW CARBON ADVERTISING PROFILE SPONSORED BY

KNOW MORE. SPEND LESS.

With so many complex geopolitical SMEs and households by the end factors influencing gas and of 2020, inaccurate billing is set to electricity prices and regulations, become a thing of the past. As we’ve keeping up to do date with every already seen with DCP 161, OFGEM shift in the ever-evolving energy will have to regulate this paradigm market is a demand that very few shift with the implementation of business operators have the time or new policies to ensure accurate resources to satisfy. billing is fair to both consumers The issue is, failure to adjust and suppliers. energy management strategies Furthermore, we’re in the midst inline with market changes can end of a green revolution. The current up costing businesses dearly. For government have outlined a 25-year example, the last official plan to leave ‘a cleaner, greener investigation into commercial country for us all’, which will energy expenditure conducted by inevitably implicate the laws and ©Shutterstock.com the Competition and Markets infrastructure governing the UK’s NEW POWER Authority revealed that over 1.2 energy industry. The Midlands is a leading cost of renewables as attractive A priority is expanding of its carbon emissions, and million businesses overpaid for their Worse still, Brexit will only accel- player in the energy sector, as that of fossil fuels. storage capacity. The storage poor cold storage wasting 200 energy in 2016. erate the rate of change. As Theresa supporting 162,500 jobs – The £180m government- market is forecast to grow billion tonnes of food a year in This staggering figure represents May outlines in the introduction one in three of the industry’s backed Energy Research by 8 per cent per year to £35bn developing countries. the widespread tendency for bill to her party’s environmental plan, total – and contributing £14bn Accelerator (ERA) is aimed at by 2020. Europe’s largest The region is home to clean payers to allow suppliers to roll ‘when the United Kingdom leaves Kelly Ivison each year. achieving this. Launched in battery for community energy energy businesses, including their businesses onto higher energy the European Union, control of The region accounts for a 2016, this partnership between use has been installed at the Derby sustainable heating tariffs when previously agreed contracts in the form of a significantly inflated important areas of environmental policy expire. Despite the avoidable nature of this energy bill. will return to these shores’. When this quarter of the national energy the universities of Nottingham, Trent Basin housing development specialist Vaillant Group, Solihull’s issue, most business operators simply Equally, it’s important to know if happens, businesses should prepare to capacity: 12 gigawatts from Aston, Birmingham, Leicester, in Nottingham as part of a UK Power Reserve (which don’t have the time to scour the energy OFGEM take action to improve your adapt rapidly or no doubt face expensive coal, gas and oil, and 200 Loughborough and Warwick £6m pilot funded by ERA and provides portable power and has market in search of the best value contract. protection as an energy customer. For consequences. megawatts (MW) from wind. and the British Geological Project SCENe (Sustainable capacity for 120MW of battery In the end, energy suppliers become the example, new regulations were recently EDF owns two 2,000MW Survey is tasked with Community Energy Networks). storage), Ecuity, also of Solihull, beneficiaries of this endemic knowledge introduced to ban suppliers from Stay in the know coal-ﬁ red power stations in developing technologies to How best to produce and which advises businesses on deficiency. backbilling SMEs for energy used more At Exchange Utility, we understand that the region (Nottinghamshire tackle some of the economy’s harness heat and cold is a cutting energy use and going The energy market is complicated fur- than 12 months ago. These ‘shock’ bills most businesses simply won’t be able to and Staffordshire), while biggest energy challenges, focus, with 40 per cent of the green, and Leamington Spa’s ther by the regulatory measures introduced can be hefty (typically £1160), and if a keep up to speed with the energy market E.On operates the 2,000MW including how to produce UK’s energy demand linked to Encraft, which helps developers reactively by OFGEM to address tensions supplier mistakenly bills you for such his- as it goes through what is likely to be a Ratcliffe-on-Soar power station affordable, safe energy. heating, producing 25 per cent build low-energy buildings. between suppliers and consumers. These toric usage, knowing your consumer rights period of rapid and significant change in Nottinghamshire. Sharc Energy Systems in changes can fundamentally alter energy empowers you to contest the charges over the coming years. pricing structures, and they’ll come into confidently. That’s why we’re dedicated to providing A third of the 17,100 jobs to Nottinghamshire is helping effect whether you’ve taken the time an authoritative, knowledgeable energy be created in the UK energy residential schemes create to adjust to them or not. A complicated future ahead consultancy service businesses can rely sector between 2014 and energy from wastewater, while a The consequences of falling behind The notion that up to date industry on to ensure their utility contracts are 2024 are expected to be in the partnership between Nottingham the regulatory curve can be severe. For knowledge can translate directly into managed in-line with the latest prices Midlands. In that time, overall Trent University and Professor example, consider DCP 161, the latest business energy savings is never more true and legislation. employment in the region’s 162,500 Tony Marmont is creating petrol OFGEM initiative to protect suppliers from than in times of political and technological We’ve already helped thousands of energy sector is poised to grow Jobs supported by Midlands by sucking carbon dioxide out customers underpaying for their electricity. upheaval. That’s why a prescient, proactive businesses keep their energy costs as low by a ﬁ fth. The skills will be of the atmosphere and mixing The measure, which introduces excess energy management strategy is more as possible, and as we move into more essential if the sector is to meet energy sector it with hydrogen, also extracted penalty rates of up to 3 times as much valuable now than ever. turbulent times, we’re eager to show more its main challenge: making the from the air. ■ as the standard rate, could leave an First of all, with the government customers that in the world of utilities, unprepared business with a nasty surprise legislating a rollout of smart meters in all knowledge is (cheaper!) power.

Contact James Clarke, Corporate Account Manager on 0161 6945 839 Exchange Utility Limited, Athenaeum House, Market Street, Bury BL9 0BW | www.exchangeutility.co.uk/insider

MIG p12-13 energy.indd 13 06/04/2018 15:44 Agri-food and drink

SPONSORED BY

Some of the world’s best- known food brands are found in the Midlands, including PepsiCo, Cadbury, Arla and Weetabix. The sector here is worth more than £12bn, employing 130,000 people – just under a third of the sector’s workforce in England. In the west of the region, primarily around Herefordshire and Shropshire, there is a strong meat and dairy industry, while the sector in the East Midlands is centred around Leicestershire and Lincoln- shire’s extensive arable land for fresh fruit and vegetable production, and a long coastline providing seafood. Leicestershire is home to Samworth Brothers, the UK’s largest supplier of chilled food Pork pie and owner of the Dickinson & Morris pork pie and Ginsters pasty brands. The county also has a Walkers crisps factory – the world’s largest snack food production site, where seven million packets of crisps are Large slice made each day. There are also Coca-Cola and AG Barr, and is recognised centre for research Harper Adams University in major specialist food packaging home to major suppliers to the in sustainable agriculture, Shropshire is one of the businesses including Clifton food service sector including horticulture and food security, UK’s leaders for agri-food Packaging and Universal Bidvest in Nottingham and and the University of education, and Lincoln University Flexible Packaging. Birmingham, Booker Group and Northampton, which specialises hosts the internationally The region has seven food NFT in Northamptonshire. in food waste streams and recognised National Centre for enterprise zones, with three The Midlands is a major how they can be exploited to Food Manufacturing. in Lincolnshire. Lincolnshire player in the broader agri-tech produce new products. One business leading accounts for a quarter of the field, and includes the Warwick Birmingham University College the way in bringing together UK’s vegetable production, Crop Centre, an internationally has a food innovation centre, agriculture and technology is 21 per cent of ornamental Lincolnshire’s Branston, the crops and 19 per cent of sugar UK’s largest potato supplier. beet. Five per cent of all UK It may process the humble food processing jobs are also spud, but it does so in a very in the county. high-tech way. The central location of the Every potato that goes through Midlands makes it strategically 7 million the factory gets photographed important for distribution. It Packets of crisps produced seven times, reaping a huge includes regional distribution amount of data, helping to centres for Tesco, Sainsbury’s, daily by Walkers in Leicester improve quality control and Asda, Morrisons, John Lewis, productivity. n

MIG p14 agri food.indd 14 06/04/2018 15:44 LIFE SCIENCES & HEALTHCARE SPONSORED BY CURE AMBITION More than 30,000 people are cancer, rare and cronic major boost to the regional biotech companies include employed in the Midlands’ diseases, and acute care. The life sciences sector when it is Boots, 3M, Thermo Fisher £300m-a-year life sciences university has the second- opened in October. Scientific, Reckitt Benckiser, industry, which is set to grow largest medical school in the Nottingham’s medical Parexel, Fresenius Medical strongly in the coming years. country, producing more than credentials speak for themselves. Care and Merck. Two key sectors, medical 650 graduates each year, The city that discovered The University of Nottingham’s technology (medtech) and while Queen Elizabeth is one Ibuprofen and created the MRI £25m centre for biomolecular pharmaceutical (pharma), are of Europe’s largest teaching scanner is a centre for drug sciences is home to 300 centred on the core cities of hospitals. discovery, cancer research, world-leading scientists in drug Nottingham and Birmingham, In Birmingham, the number medical device and biomedical discovery, cancer research, while there are smaller clusters of life science companies imaging. It employs 38,000 stem-cell science, bacteriology in Loughborough and in Keele, increased by 45 per cent in the people in 14,000 businesses and regenerative medicine. north Staffordshire. decade to 2015, and are worth in the broader life science and The university, along with The Midlands has 600 £200m to the local economy. healthcare sector. Leading Nottingham Trent University, medtech companies – anything The success has been driven contains 4,500 students in from surgical instrument makers by a large, ethnically diverse, life science areas such as to scanner manufacturers – more non-transient population of pharmacy, biomedical imaging than any other UK region. nearly 6 million in the region, and clinical research. Both The Birmingham cluster has offering the perfect landscape universities produce a steady grown steadily since 1933, for clinical trials. stream of spinout businesses. when the old Queen Elizabeth There are plans to create 45% Some of these are based at Hospital was built next to a life science park at Battery Growth of BioCity, one of Europe’s the University of Birmingham Park in Selly Oak, which would largest life science business Medical School. Today, there include a £45m precision tech- life science incubators, which contains are 500 healthcare businesses nology accelerator, aimed at 200-plus businesses employing in the city and the wider West developing bespoke medicines companies in 800 people. There is also Midlands, employing 14,000 for specific patient needs – an MediCity, a medtech innovation people, concentrated around area of healthcare which is set Birmingham centre at the Boots headquarters the hospital and the university to grow. Meanwhile, the new from 2005 site in Beeston, part of the in an area known as the £353m Midland Metropolitan Boots Enterprise Zone. It has Edgbaston Medical Quarter. Hospital in Smethwick, in the to 2015 35 medtech businesses, Areas of expertise include Black Country, will provide a employing 300 people. n

BioHub tenant

p15 MIG health and ife sciences.indd 15 06/04/2018 15:44 ADVERTISING PROFILE

ENTERPRISE TELFORD: FAST, RESPONSIVE, DEAL FOCUSED

In the 50 years since its inception as a new town, Telford has emerged as an international hub for advanced manufacturing supply chains, plastics and polymer production, and, more recently, agritech. Katherine Kynaston from Enterprise Telford, discusses why it’s an ideal place for investment

Telford’s successful business communi- tion of more than 86,000 square meters of ty is powering the borough’s continued commercial floor space. The Land Deal economic renaissance and the town has has supported Magna International, a CASE STUDY cemented its status as a pioneering invest- supplier of aluminium castings to nearby ment destination. Jaguar Land Rover, reinforced plastics Telford and Wrekin Council’s business supplier Polytec and German plastics and support service, Enterprise Telford, can polymer specialist Craemer Group, as well assist local businesses looking to expand as expanding regional businesses such and national or international companies as Wrekin Pneumatics and Rosewood Pet intending to open new subsidiaries in the Products. borough with relocation assistance, funding and practical advice. The Future The council’s fast, responsive and Telford remains a location of opportunity, deal-focused approach is making Telford a with more than 200 acres of public sector Company: Pizza GoGo hotbed for enterprise and innovation. land available for development and invest- Background: In a bid to expand ment. In addition to being a prime location its highly successful business The Land Deal for industrial occupiers, Telford is a well-lo- beyond London and the South East, Already boasting a central location, access cated, affordable destination for service independently owned UK food re- to a skilled workforce and affordable industries, with a range of office premises tailer Pizza GoGo began looking for land, The Telford Land Deal, which was available for immediate occupation at an suitable premises in the Midlands conceived in April 2016, was created to extremely competitive rate. or the north of England to house a differentiate the borough from rivals, offer- new, high-tech manufacturing and ing investors timely, bespoke advice that Business support distribution centre to support its matches businesses with suitable sites. Enterprise Telford acts as a partner to com- ambitious expansion plans. Brokering a deal with the Homes and panies, offering tailored support for their Nature of the deal: Support Communities Agency to proactively individual needs. If growing or relocating finding suitable premises in Telford manage their assets within the borough, businesses are keen to attract skilled local to locate Pizza GoGo’s regional dis- the council ensures that suitable sites are workers, Enterprise Telford can support tribution hub and grant allocation available for immediate development, while them with recruitment and training. Should for the purchase of food production also providing developers with a genuinely a business want to engage with local equipment. ‘soft landing’. suppliers to secure new contracts, then By understanding an organisation’s a bespoke meet the buyer event can be “Telford proved an ideal location aspirations, the team can actively remove arranged. for our expansion and the unit we barriers to development – improving site chose with the support of Enter- access, utility provisions and drainage, as Funding prise Telford ticked many boxes.” well as helping to secure planning certain- Local businesses can also access crucial Michael Harte, managing director ty prior to sale. For expanding businesses, capital investment worth between £10,000 for the Midlands at Pizza GoGo this ability to find an affordable new home and £167,000 via the Business Growth is vital. Programme, aimed at supporting supply Location: Stafford Park, Telford. Two years since it was launched, the chains, innovation and expansion. The Results: Delivery of nearly Telford Land Deal has attracted £236m of fund, which is available to businesses £150,000 of Business Growth investment to the area and prompted the ready to invest, grow and create jobs, can Funding and the creation of 25 jobs, sale of £23m worth of land – in deals set to provide the catalyst they need to take the helping support the local economy. create 988 jobs and stimulate the construc- next step in their growth journey.

For more information on how Enterprise Telford can help your business take its next step, please contact Phil, Liz or Mark on 01952 567589 or visit http://www.enterprise-telford.co.uk/

MIG p17 prof services.indd 16 06/04/2018 15:44 PROFESSIONAL & FINANCE SECTOR ADVERTISING PROFILE SPONSORED BY

ENTERPRISE TELFORD: FAST, RESPONSIVE, DEAL FOCUSED

Telford’s successful business communi- tion of more than 86,000 square meters of ©Shutterstock.com ty is powering the borough’s continued commercial floor space. The Land Deal economic renaissance and the town has has supported Magna International, a CASE STUDY cemented its status as a pioneering invest- supplier of aluminium castings to nearby ment destination. Jaguar Land Rover, reinforced plastics Telford and Wrekin Council’s business supplier Polytec and German plastics and support service, Enterprise Telford, can polymer specialist Craemer Group, as well assist local businesses looking to expand as expanding regional businesses such and national or international companies as Wrekin Pneumatics and Rosewood Pet intending to open new subsidiaries in the Products. borough with relocation assistance, fund- PROFESSIONAL ing and practical advice. The Future The council’s fast, responsive and Telford remains a location of opportunity, deal-focused approach is making Telford a with more than 200 acres of public sector Company: Pizza GoGo hotbed for enterprise and innovation. land available for development and invest- Background: In a bid to expand ment. In addition to being a prime location its highly successful business The Land Deal for industrial occupiers, Telford is a well-lo- beyond London and the South East, OUTLOOKProfessional and fi nancial major boost as HSBC UK created in related fi nance and city’s proximity to London, Already boasting a central location, access cated, affordable destination for service independently owned UK food re- services is one of the Midlands’ moves the headquarters of professional services. while there are 5,200 in to a skilled workforce and affordable industries, with a range of office premises tailer Pizza GoGo began looking for best success stories. its ring-fenced retail arm from The region’s universities Wolverhampton. land, The Telford Land Deal, which was available for immediate occupation at an suitable premises in the Midlands The sector employs about London to Birmingham, along help to provide a high-quality The professionals and conceived in April 2016, was created to extremely competitive rate. or the north of England to house a differentiate the borough from rivals, offer- new, high-tech manufacturing and 210,000 people, 130,000 in with 1,000 head offi ce roles. workforce. Birmingham has the fi nanciers in the East Midlands ing investors timely, bespoke advice that Business support distribution centre to support its the West Midlands and 80,000 The building, at One Arena largest number of business and are primarily divided between matches businesses with suitable sites. Enterprise Telford acts as a partner to com- ambitious expansion plans. in the East Midlands, which Central, is due to open in May. professional services graduates Northampton (11,500 people), Brokering a deal with the Homes and panies, offering tailored support for their Nature of the deal: Support equates to 4 per cent of jobs It follows Deutsche Bank, which after London – more than Nottingham (11,000) and Communities Agency to proactively individual needs. If growing or relocating finding suitable premises in Telford and 5 per cent of regional opened an offi ce in Birmingham 8,000 each year in business Leicester (8,000). Together, manage their assets within the borough, businesses are keen to attract skilled local to locate Pizza GoGo’s regional dis- economic activity. a decade ago and has grown and fi nance-related subjects. these three cities account for the council ensures that suitable sites are workers, Enterprise Telford can support tribution hub and grant allocation Birmingham has by far the to employ 3,000 people. A A few miles down the M6, around a third of fi nancial and available for immediate development, while them with recruitment and training. Should for the purchase of food production biggest concentration of halo effect means many times Coventry has 9,000 related professional services also providing developers with a genuinely a business want to engage with local equipment. professionals (50,000) outside that number may have been professionals, helped by the employment in the region. ‘soft landing’. suppliers to secure new contracts, then London. There are major The East Midlands has a By understanding an organisation’s a bespoke meet the buyer event can be “Telford proved an ideal location presences by almost all of the longstanding and growing aspirations, the team can actively remove arranged. for our expansion and the unit we barriers to development – improving site chose with the support of Enter- large accountancy fi rms – presence in back-offi ce access, utility provisions and drainage, as Funding prise Telford ticked many boxes.” including the big four – the main activities for businesses such well as helping to secure planning certain- Local businesses can also access crucial Michael Harte, managing director clearing banks, management as Barclaycard, Capital One, ty prior to sale. For expanding businesses, capital investment worth between £10,000 for the Midlands at Pizza GoGo consultants, corporate fi nance Experian and Santander. this ability to find an affordable new home and £167,000 via the Business Growth advisers, a small but growing 1,000 More recently, there has been is vital. Programme, aimed at supporting supply Location: Stafford Park, Telford. private equity sector and 200 Number of HSBC Head office more diversifi cation in activity, Two years since it was launched, the chains, innovation and expansion. The Results: Delivery of nearly law fi rms. In all, it is worth including growth in insolvency Telford Land Deal has attracted £236m of fund, which is available to businesses £150,000 of Business Growth about £4.5bn. law, public-private partnerships investment to the area and prompted the ready to invest, grow and create jobs, can Funding and the creation of 25 jobs, jobs relocating from London The sector is receiving a and corporate fi nance. ■ sale of £23m worth of land – in deals set to provide the catalyst they need to take the helping support the local economy. create 988 jobs and stimulate the construc- next step in their growth journey.

For more information on how Enterprise Telford can help your business take its next step, please contact Phil, Liz or Mark on 01952 567589 or visit http://www.enterprise-telford.co.uk/

MIG p17 prof services.indd 17 06/04/2018 15:44 AEROSPACE