Birmingham Best at FDI
14 February 2018
Birmingham has ranked first of all large European cities for its FDI Strategy [according to the 2018/19 rankings recently published by FDI Magazine, an FT title].
The West Midlands Growth Company, which is responsible for promotion and attraction of inward investment, works in conjunction with local enterprise partnerships, local authorities, universities and a range of private sector entities to promote the city and the wider Midlands region.
Birmingham is home to five enterprise zones, each specialised and designed to attract certain investors. The Enterprise Zone boasts 39 sites and aims to attract digital media and tech companies, while the Advanced Manufacturing hub in Aston, Life Sciences Campus in Edgbaston and the Food Hub in north Birmingham all offer space, facilities and business support for targeted sectors.
Investors choosing Birmingham will also benefit from the new High Speed 2 (HS2) rail service, which will allow investors to travel between London and Birmingham in about 50 minutes, and has brought with it investment in housing and office space around two HS2 stations in the Greater Birmingham area.
There are residential and commercial projects currently under development in the city. These include Birmingham Snow Hill, offering companies more than 200,000 square metres of office space and 4000 residential units; and Paradise, a £500m ($695m) grade A office space development, offering 33,000 square metres of office space in the first phase and 27,000 square metres in the second.
The West Midlands Growth Company assists investors with settling into the city. The agency organises business networking events and its research arm, the Regional Observatory, provides companies with data and analysis to guide and support their business decisions. Public relations support is also provided through the agency’s channels.