West Midlands success 2016
Economic Impact
Direction of Travel |
Scale of challenge |
Actions to address |
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GVA continues to rise - currently £87.5bn +£7bn since 2013 |
WMCA GVA per head still £4,000 lower than UK resulting in a £16.5bn GVA output gap |
£8bn investment package from first devolution deal HS2 and the Midlands Growth Strategy – a catalyst for economic growth |
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WMCA has a growing business base with 145,410 businesses and 22,430 business births (nearly double UK growth rate) |
To be in line with UK the WMCA needs to create an additional 1,468 business births per annum to reach 59 births per 10,000 population. |
Maximising opportunities for inward investment by improving connectivity to HS2 and UK Central and attract foreign and direct investment via the WMCA new Growth Company |
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WMCA is home to 2m jobs, an increase of 95,000 since 2013. |
An additional 400,000 jobs to achieve our WMCA SEP Ambitions |
Enterprise Zones |
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Wages are increasing at a faster rate than UK |
To reach UK average wage - £28,213 |
Public Service Reform |
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Over 12,000 new homes were built last year - currently 1.7m houses in the WMCA |
Home to over 1.9m homes by 2030 |
Land Commission and Garden City Principles |
Social Impact
Direction of Travel |
Scale of challenge |
Actions to address |
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Number of people with no qualifications has declined at a faster rate compared to England |
Higher proportion of people with no qualifications than across England – 13% vs 8% |
Productivity and Skills Commission Launched |
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The number of NEETs has declined more than threefold compared to England2 |
11.4% more youth claimants (14,805) compared to last year increase of 1.6% across England. Need to reduce youth claimants by 5,000 by 2030 to reach England average, similar trend for overall claimant count. |
Employment Support Pilot |
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24.8% of adults are physically inactive across the WMCA |
Required 90,524 additional adults to become active to reach national average |
West Midlands on the Move Strategic Framework 2017-30 |
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Healthy Life Expectancy has improved for females greater than the national average whilst for males it has declined |
Male healthy life expectancy 4.1 years lower than national average and 3.2 for females |
Mental Health Commission -> Thrive WM Action plan in place |
Fiscal Impact
Direction of Travel |
Scale of challenge |
Actions to address |
|
Income receipts to WMCA is on the rise |
Gap between income and expenditure has increased from £3.9bn to £4.5bn |
Public Service Reform |
Environmental Impact
Direction of Travel |
Scale of challenge |
Actions to address |
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CO2 emissions reduced on last year by 167kt CO2 (0.8%) |
CO2 emissions need to reduce by 36% by 2030 |
Support development of low carbon and zero carbon homes |