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This month Midlands Business Insider look at the…
This month Midlands Business Insider look at the long-term benefits that the Commonwealth Games and City of Culture are set to bring to the West Midlands in reputation, skills and inwards investment. What are the opportunities for your business in these ambitious legacy programmes?
We also give the East Midlands plenty of attention with Best Boroughs – our look at five of the region’s most promising areas, showing what they have in terms of development plans, skills and investment opportunities.
We also run Insider’s agenda-setting Top 500 – our unique listing of the region’s biggest businesses – to get an ideas of not how they are they are faring as individual companies, but indications of how the regional economy is developing.
What’s in this issue?
There’s no point hiding from the clouds hanging over business: soaring energy costs, double-digit inflation, rising interest rates, strikes and skills shortages. Strap on in, because as we head into autumn and the skies darken it’s going to be pretty turbulent.
There is nothing to be gained by adopting the crouch position and hoping passing problems will go of their own accord. Businesses survive and thrive because their leaders take considered action. My advice is to take stock, make a few telephone calls and send a couple of emails to some professionals you trust. An early ‘I hate to bother you, but’ message is far better than an SOS flare sent up a few weeks later.
When we get through the current issues, the Midlands will continue to be a place, perhaps the place, in Britain where businesses prosper. As our A Tale of Two Cities features on Birmingham and Coventry show, the Midlands has credible region-wide strategies to build upon its time as host of the Commonwealth Games and UK City of Culture, attracting major investments, creating jobs and boosting trade. Both were magnificent successes showcasing what the region can achieve even when under extreme stress – delivered despite Covid. It’s that type of resilience and forward planning that will see our economy through short-term turbulence.
Similarly, the East Midlands is in prime position to grow once we get through current challenges. The five boroughs we focus on each demonstrate how prepared the region is for investment and development, providing those soft landings that outside investors seek and certainties of purpose that give existing businesses the confidence to invest. Meanwhile, The Golden Triangle feature demonstrates how a key sector, logistics, is not only growing in terms of trade but physically as businesses globally realise how robust and opportunistic this region is.
So let’s not deny the immediate challenges, but keep a clear focus on the opportunities ahead. As Birmingham City Council leader Ian Ward notes: “This is the start of a golden decade.” He’s right.
Kurt Jacobs, editor
Intellectual property: most bosses retreat at the very thought of looking at protecting their inventions and innovations – too costly, too complex, too constraining. But it need not be so. Here are some quick insights and ideas
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The Golden Triangle expands as demand for logistics space grows.
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IP: Tips on how to protect your intellectual property
A Tale of Two Cities: How Birmingham and Coventry will build lasting legacies on the Commonwealth Games and City of Culture
Best East Midland Boroughs: What do the region’s most progressive boroughs have to offer your business?
The Golden Triangle: The scale and scope of the Midlands’ logistics sector gets bigger
Appointments: Who’s been appointed, who’s been promoted?
Trent/Bullringer: All the gossip that’s fit to print from our chaps about town
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