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Entrepreneurs Panel

Steve Purdham
Brian Hay
Michael Oliver
Tony Caldeira
Jeremy Roberts
Debbie Pierce
Julie Meyer
David Pollock
Jennie Johnson
Charlie Mullins
Laura Tenison
Richard O'Sullivan

First-ever Midlands Engines trade mission touches down in North America

The first-ever trade mission to showcase the Midlands Engine has touched down in North America.

The tour will visit Chicago and Toronto to show companies on the other side of the put how investing in the region could boost their growth.

Communities and local government secretary Sajid Javid is leading the mission, joined by business chiefs from across the Midlands Engine region.

The Government aims to add an extra £34bn to the Midlands economy and support the creation of 300,000 jobs by 2030.

Plans include a £250m Midlands Engine Investment Fund to provide investment through Access to Finance to SMEs, a £300m investment in a High Value Manufacturing Catapult and a £45m Energy Systems Catapult in Birmingham to attract innovative firms, and the development of a £60m Energy Research Accelerator at the University of Nottingham, as well as £2.6m for the Technology Entrepreneurship Centre.

"For the first time ever we are bringing the Midlands Engine to the world stage," Javid said.

"And with exports from the Midlands to both the US and Canada up significantly over the past five years, we have a strong record to build on.

"The Midlands has a strong track record of doing business with North America - between 2010 and 2015 exports from the Midlands to the US rose by 55 per cent and exports from the Midlands to Canada rose by more than 11 per cent."

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