Midlands Engine publishes Global and Investment Scorecard – August 2023

Date posted: September 5, 2023
Image 05-09-2023 at 15.44

Following the first edition of the Global and Investment (G and I) Scorecard published in September 2022, the second Midlands Engine G and I report has now been released.

The scorecard provides a high-level summary of how the Midlands is performing across five key themes: trade, business, investment, higher education and tourism.

A ‘Green’ scoring indicates an improvement in performance and figures being above the national average with ‘Amber’ indicating an improvement in performance but below national average and ‘Red’ indicating either a decline in performance or a performance that is below the national average.

The scorecard, which is RAG rated covers all data available until June 2023.

Significant findings from the report include:

  • In the year to Q1 2023, exports in goods from the Midlands area were worth £56.8bn which has increased by £9.9bn, or 21.2% since the year to Q1 2022, compared to UK 17.5% nationally.
  • FDI in the manufacturing sector reached £59.8bn, an increase of 16.0% (+£8.2bn) for the Midlands, compared to just 5.1% for the UK. Notably, for the West Midlands region in 2021, manufacturing accounted for 46.3% (£42.3bn) of the total (£91.4bn).
  • There were 265 FDI projects into the Midlands in 2022-23, an increase of 23 (9.5%) compared to 2020-21. The UK’s national average was 4.1%. 43.4% (314 of 742 total projects) of Midlands FDI projects between 2020-21 to 2022-23 were from EU countries, higher than the UK average of 38.4%.
  • The number of international students entering Midlands Engine higher education institutions increased from 77,065 to 86,865. This equated to a 12.7% increase for the Midlands, above the UK-wide 12.4% increase.

You can access the full scorecard in the Midlands Engine Resource Library here


Keep Updated

Latest News & Events

Screenshot 2023-09-27 at 15.05.36

Green Growth

Sep 27 2023

New report raises concerns about the geographic reach of net zero business support, with the Midlands having a mixed set of results.

A new report, published this week has raised concerns about the accessibility and reach of net zero business support schemes available in England.

Read more
Innovative Leicestershire[63]


Sep 26 2023

Innovative Leicestershire – A Life Sciences Success Story

A Charnwood Campus Cluster event in partnership with Medilink Midlands, part of a series of events to celebrate the achievements and support the growth of the life science organisations clustered around Charnwood Campus Science, Innovation and Technology Park.

Read more
Derby University Institute of Technology


Sep 19 2023

First East Midlands Institute of Technology site opens in Derby

A new state-of-the-art facility for computing students, which will support the teaching of a range of digital and engineering subjects, such as computer games animation, design engineering and mechatronics has opened at the University of Derby’s Enterprise Centre.

Read more
An electric vehicle charging

Subscribe to Midlands Matters, the newsletter of the Midlands Engine