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- Black Country Economic Intelligence Unit
- Annual Review 2016
- West Midlands Combined Authority
- Midlands Engine
Black Country Growth Deal
‘Made in the Black Country, Sold around the World’
In July 2014 the Black Country Growth Deal, ‘Made in the Black Country, Sold around the World’ secured £138 million to deliver a six year economic regeneration programme running from 2015 to 2021. In January 2015 the Government extended this sum by £24 million to be invested between 2016 and 2021. This substantial investment from Government will bring forward at least £400 million of additional investment from local partners and the private sector. Combined together this will create a total new investment package of £562 million for the Black Country.
The Deal will drive business growth, give people new skills, test new innovations, invest in transport infrastructure and regenerate key sites for housing and employment in the Black Country. The focus is on maximising the economic impact of growth opportunities from the automotive, aerospace and construction sectors, capitalising on the Black Country’s key strengths in advanced manufacturing.
This six year capital programme will enable the delivery of:
- 5,000 new jobs
- 1,400 new homes
- 3,200 businesses helped to grow
- 7,000 additional learners supported to develop skills needed by businesses
A number of projects have already been approved as part of the initial funding bid. To view or download existing Growth Deal project case studies please click here.
Alternatively, to download copies of the latest Growth Deal Dashboards and Transport Portfolio Dashboards, providing an update on the current status of each of our “Live” projects as well as the Black Country Pipeline, please click here.
The Deal was a direct result of the LEP’s Strategic Economic Plan submitted to Government in March 2014 and will bring together local, national and private funding as well as new freedoms and flexibilities to focus on four key priority areas as identified in the document:
- Raising Employability, Education and Skills
- Improving Black Country Business Competitiveness
- Transforming the Black Country Infrastructure and Environment
- Improving Transport Infrastructure
For further information on the Strategic Economic Plan click here.
Stewart Towe, Chair of the Black Country LEP, said, "The Black Country is uniquely placed to create new jobs in high value manufacturing; we have a strong manufacturing base, supply chain networks, businesses that export globally and a location at the heart of the UK transport network. We believe our Growth Deal gives us the flexibility to address the barriers limiting business growth, including under-investment in skills, accelerating businesses innovation, creating additional high quality employment sites, improving the housing mix and tackling traffic congestion. We are confident that our growth plan will ensure that we increase our competitive capability for many more products to be made in the Black Country and sold around the world.”
The Black Country LEP needs to develop an ongoing pipeline of potential projects for the Growth Deal and is seeking proposals for projects that can accelerate the creation of jobs and boost economic growth. For further information on how to Apply for Growth Deal Funding please click here.
As part of the Deal the Black Country LEP signed up to developing an Assurance Frame work covering all Government funding flowing through the LEP, to ensure robust value for money processes are in place. Download the Black Country Assurance Framework here.
Please view or download the Black Country Growth Deal documents below: