Doing Business in Solihull: An Economic Snapshot
Solihull is fast becoming a world-class destination for business relocation and international investment. Ambitious schemes planned for the area include the regeneration of Birmingham International Station and the first HS2 station outside London. The wider Hub area will become one of Europe’s best connected destinations for business, leisure and living. This landmark project will position Solihull as a major engine for growth at a national level, supporting up to 77,500 jobs, 775,000 sq. m. of commercial space, 4,000 new homes and generating £4.1bn every year as a result.
With strong strategic leadership and a thriving and resilient economy Solihull is primed for unprecedented growth.
Nicky Hewitt, Commercial Director, West Midlands Growth Company, said:
“Solihull is a successful inward investment destination. Since 2013, our figures show there have been 74 new Foreign Direct Investment (FDI) projects and 6,150 jobs created in Solihull, with the USA, Germany and India demonstrating the leading sources of investment. FDI has been driven by the transport tech sector, which was responsible for over half of jobs created (3685) and 18 FDI projects.’’
Solihull is already home to major companies, such as global automotive brand Jaguar Land Rover (JLR) – the largest vehicle producer in the UK and a major employer both locally and nationally, creating a supply chain of job opportunities within the UK. The town is also the long standing base for the UK headquarters of Financial Services Group BNP Paribas.
Nicky further commented:
“Major transport tech companies include JLR, Dutch company Vanderlande and American based, International Automotive Company. Blythe Valley Business Park, an established 2 million sq. ft. mixed use business park, offers prime space for relocation and expansion. Global brands that have taken Grade A office space at Blythe Valley include fitness clothing retailer, Gymshark and German owned ZF, a technology company that specialises in driveline and chassis technology.”
Produced by the Greater Birmingham Chambers, ‘Doing Business in Solihull: An Economic Snapshot’, provides a snapshot of the sub-regional economy of the town and further insight into what it is like to do business there.
Read the full report here.