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Black Country LEP and Walsall ranked in European top ten for investment

The Black Country LEP and Walsall have been included in the top ten of a European ranking of high-potential investment areas by fdi Magazine.

The Financial Times Ltd publication assesses a mixture of data and expert opinion to rank European cities, towns and regions in categories including business friendliness, economic potential, cost-effectiveness, infrastructure, labour environment, and foreign direct investment (FDI) strategy. 

The Black Country LEP was ranked 10th in the UK LEP category for FDI strategy, which recognised its expertise in drawing finance, investment and property development in the area. 

Geneva and Skopje

Walsall was ranked 7th for Business Friendliness in the Small City Category, appearing above Oxford and European cities Geneva and Skopje.

Wayne Langford, Head of Invest Black Country, said, "The Black Country LEP is working to improve the levels of investment into the Black Country. These awards, and the fact that FDI has increased by 15 per cent over the last year into the Black Country, is evidence that it is working.

"Businesses in the Black Country are involved in the manufacturing of brake casings for the Bugatti Veyron and alloy wheels for the McLaren supercars, the components for the retractable roof at Centre Court, Wimbledon, and the door handles on the Range Rover Evoque.

"Great investment location”

"These awards help us to demonstrate what a great investment location the Black Country is for manufacturing specialist components, and showcase that products are built in the Black Country and sold around the world."

Councillor Adrian Andrew, deputy leader and portfolio holder for regeneration and transport in the Walsall Council Coalition, added, "This is a fantastic achievement and is recognition of the work we have put in to ensure that Walsall and the Black Country are seen as great places to do business now and in the future.

"Over £40m of new investments have been generated in Walsall, which is largely as a result of us working strategically and very closely with investors, supporting them through the planning process and identifying employment opportunities for local people."

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