Showcasing Staffordshire’s investment potential and the Chancellor’s Spring Statement

This week representatives from the County Council and our Local Enterprise Partnership are at a global property exhibition called MIPIM in Cannes, France. Here they will have the opportunity to showcase and market the many investment opportunities available in the county including the M54 Wolverhampton – Staffordshire High Growth Zone to world-wide investors.

The Growth Zone which will be one of the biggest in the UK consists of six sites with new high-value manufacturing, business and logistics investment opportunities next to the M54 and junctions 10a and 12 of the M6.  All of the sites within the zone complement each other and are already home to world-leading brands which are playing an important part in UK and our own regional growth.  The zone builds on the award-winning i54 South Staffordshire joint venture developed in 2012 which has already levered in millions of pounds of private investment.

Global events like MIPIM offer us a great opportunity to promote the huge investment potential in the area to the wider world, which will help to create thousands more quality jobs and ensure we have a skilled workforce to meet the needs of future business.

This week we also welcomed the Chancellor’s Spring Statement  which promised to review public spending, revalue business rates and promote house building.

We are all aware that more homes still need to be built in the right places to meet the needs of our growing population and help young people put a first step on their property ladder, and I welcome moves that support that growth. And at a time when we have fewer resources but are spending more money than ever before on helping the young, old and vulnerable, it is essential to review how local authorities are funded into the 2020s so that we can continue to focus on delivering value for money for our residents and businesses, while continuing to support residents to help one another within their communities.  It’s also encouraging to hear there may be more investment in public services like the NHS and we’ll continue to work closely with our partners to get the maximum from our combined budget in real outcomes.

Staffordshire has come a long way over the last eight years, taking a balanced approach as we build an economy that works for everyone with a focus on creating the right conditions for businesses to prosper and create more, better paid jobs for residents.   This is why we have such low levels of unemployment in the county, which in turn should help us enjoy life and stay healthier and safe.

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