A new Midlands Economic Observatory has been created by the Midlands Engine, fuelling its plans for the growth of the regional economy.
The new initiative plans to deliver an economic analysis which will build on existing knowledge of opportunities and weaknesses and will also look to develop a comprehensive view of what the Midlands could look like in 2030.
With the Midlands’ population of over 10 million people, the Midlands Engine focuses on connecting these people through improved transport and new technologies.
James Bailey, managing partner for Bruton Knowles, said: “Nottingham is currently experiencing a flourish of growth, especially with its excellent infrastructure and central location in the country making it incredibly attractive for visitors, investors and students.
The Midlands Engine is a partnership of councils, authorities, local enterprise partnerships, universities and businesses which all work together to create an identity for the Midlands, as an attractive region with many benefits on offer.
As part of the new strategy, trade and investment, skills, innovation and enterprise will all be tackled.
Fiona Piercy, Midlands Engine programme director, said: “The new observatory will add value to proposals to the Government by providing a strong evidence base to inform decisions that will drive economic growth and productivity within the region and deliver increased prosperity for all Midlanders.”