Built in the Black Country Sold Around the World. Paul Brown Black Country LEP

Transcription

1 Built in the Black Country Sold Around the World Paul Brown Black Country LEP

2 Output Gap 7.8bn Jobs + 1bn +1,453 Businesses +80,000 Degrees +26,000 Jobs

3 Black Country The 9 th Core City

4 Business Density Crown Copyright and database right [2013]. Ordnance Survey [ ]

5 Strategic Companies Crown Copyright and database right [2013]. Ordnance Survey [ ]

6 Foreign Owned Companies 48% Foreign Owned Crown Copyright and database right [2013]. Ordnance Survey [ ]

7 City Deal Will Create 5,800 jobs Generate 130M of Private Sector Investment Create 1,500 apprenticeships How Black Country 20m Investment Loan Fund Black Country Growth Factory 3m

8 Black Country England s LARGEST HVM Cluster & Global Supplier of Unique Products 20% 15% 90,000 Jobs 1 in 5 13% 5,000 Businesses 10% 5% 1 in 8 15% 8% 8% 0% Jobs Black Country UK Businesses 3.1bn UK GVA 48% Foreign Ownership

9 Seating System JIT Johnson Controls, Wednesbury Instrument Panel Components Petford Tools, Dudley Fern, Wolverhampton Instrument Panel JIT Petford Tools, Dudley Rieter, Halesowen Black Country Bullet Seat Structure Cab Automotive,Tipton Bumper Armature Hydro Aluminium, Wolverhampton Fuel Tanks Merridale, Wolverhampton Turbochargers Chamberlin Plc, Walsall Harness Late Configuration Birford Wire & Harness, Wolverhampton Hot Stampings GE Starr, Wolverhampton Shakespeare Forgings, Cradley Heath Charter Castings, Tipton Zinc Cast Foundry, Willenhall Vanguard, Stourbridge Alloy Wheels Rimstock, West Bromwich Exhaust System A&L Pressings, Walsall A&M EDM Ltd, Smethwick

10 Clarkwood Engineering Ltd Raising Competitiveness RGF Business Successes XL Technical Services Ltd Cab Auto Ltd Pasab Ltd (ta Jhoots Pharmacy) Thomas Dudley NDC Polythenes Pargat Housewares

11 Built in the Black Country: Suppliers to ALL Leadingg Brands We employ 90,000 in HVM If you fly or drive your transport will have been engineered in the Black Country 11

12 The Black Country A Unique Supply Chain Opportunity USA Europe Asia Global Manufacture Component Spend in the UK (%) 60 80% % % 0 Now Future

13 Enterprise Zone

14 2013 Sector Infrastructure Developments Tata Steel Walsall College Business & Sports Hub GTG Training Centre Darlaston Access Dudley Archive Centre West Bromwich Leisure Centre

15 European Funding Black Country EU Structural and Investment Fund Strategy

16 Strategic Economic Plan

17 Access to Finance Landscape Growing Places BCRS RGF through the Banks Green Shoots Steel Enterprises Green Bridge BC Enterprise Fund Regional AMSCI National AMSCI BC GOLD Growth Vouchers BCBPIP

18 Access to Finance 4 step process for companies applying for funding Real hands on support for companies completing applications Two Meet the Funder Events attended by over 400 companies Funding Factsheet updated regularly

19 Access to Finance

20 Allocation of Funding Over 32m allocated to Black Country Businesses from Regional Growth Fund and Advanced Manufacturing Supply Chain Initiative 14 m of Growing Places Funding has been allocated to support projects that have stalled. The majority of funding will be recycled.

21 Growing Priority Sectors The Black Country LEP has successfully applied for over 14m of RGF funding To date over 12m has been allocated to businesses with over 26 companies fully contracted and spending, delivering jobs to the Black Country The final funding round is currently open with 2m available

22 Funding what companies say Mel Sinar, The Petford Group commented: This has speeded our expansion up significantly and means we will not miss out on any opportunities to grow our customer base. Mike Wright, Quality Metal Prroducts Ltd. said Crucially the acquisition will give us the capacity we need to grow and remain competitive, without the support of the LEP we would not have been able to complete the purchase of the building and machinery, and now having done so we will be able to continue our investment plans with confidence

23 Built in the Black Country Sold Around the World Paul Brown Black Country LEP