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WMCA Strategic Economic Plan
The West Midlands Combined Authority Strategy Economic plan (SEP) sets out the vision, objectives, strategy and actions to improve the quality of life for everyone who lives and works in the West Midlands. It has been developed and agreed by a wide partnership of people, organisations and businesses who share a pride in, and ambition for, an area with unique assets, challenges and opportunities.
The vision and strategy have been informed by a wide range of technical work undertaken by the Black Country Economic Intelligence Unit on behalf of the West Midlands Combined Authority (WMCA). A range of technical appendices have been developed to provide detail about this work.
Click on headings below to download a copy of the technical appendices:
- Vision Setting – detailed economic analysis of future scenarios using Oxford Economic model baseline and economic impact model. "An Economic Forecasting Model for the West Midlands Combined Authority” produced in November 2015 by the Black Country Economic Intelligence Unit.
- Fiscal Impact – a detailed methodology to understand public finances and outline the gap between total public expenditure and total tax receipts. "West Midlands Combined Authority Approach to Income and Expenditure”, October 2015, produced by Black Country Economic Intelligence Unit.
- Sectors – The document includes a sectoral and occupational analysis of the Oxford Economic Model and provides a graphical representation of GVA and jobs forecasts under the various scenarios for the seven transformational sectors and three enabling sectors which have been identified. It also shows the alignment of the sectors to the 8 strategic priorities.
- A list of the top strategic companies in the WMCA, ranked by turnover.
- Skills –This report contains RAG rated tables relating to the following aspects of skills and employment across the West Midlands Combined Authority included qualification levels, NEETs and school performance to provide a spatial perspective.
- WMCA Performance Management Framework – provides a clear framework against which success can be measured. The PMF is composed of a selection of strategic headline indicators, which measure the impact of the various programmes areas of the WMSEP. The indicators in the PMF will be the basis upon which we appraise and prioritise our programme of interventions to deliver the WMCA SEP.
- Dynamic Economic Impact Model (DEIM) – This document includes an explanation of the WMCA DEIM which builds on the latest methodological advancements in regional economic impact modelling capturing hard and soft infrastructure interventions.
All technical appendices are also available on the WMCA website: www.westmidlandscombinedauthority.org.uk