Midlands Engine welcomes focus on levelling up in Queen’s Speech

Date posted: May 11, 2021
Share
sir john peace

Today (11 May 2021) the Government set out its agenda through the Queen’s Speech for the coming parliamentary session.

The speech outlined proposed policies and legislation to ensure the UK builds back better and stronger from the pandemic.

Commenting on the Queen’s Speech, Sir John Peace, Chairman, Midlands Engine said:

We welcome the focus on levelling up in the Queen’s Speech. It signals a clear intent for this Government to unleash Britain’s potential and ensure sustainable post-pandemic, post-EU exit recovery and growth in every region of the UK.

As the region forecasted to experience the deepest social and economic impacts of Covid-19, we have a duty to act now to redress the balance and ensure that our young people, our communities, businesses and our SMEs in particular are supported and equipped to flourish.

The Midlands has always powered UK growth – home to 11 million people, generating 22% of England’s exports and an economy the size of Denmark’s, the Midlands is the birthplace of the UK’s industrial revolution. We are now poised to fulfil our vast potential as the region pivotal to building back stronger, better and greener; at the very heart of the Green Industrial Revolution.

Rachael Greenwood, Executive Director, Midlands Engine said:

“Levelling up the regions and achieving a fairer economy brings a valuable prize. Data from our Midlands Engine Observatory shows a regional GVA gap – and by just closing that gap, the Midlands economy could generate an extra £76 billion each year for our country.

“Enabled with the investment we need in our transport and digital infrastructure, and with huge gaps in R&D investment filled, the potential of the Midlands is simply vast: in low carbon energy; advanced manufacturing; health and life sciences; and as a hotspot – with two Freeports – to build ever-stronger trade-ties in support of our region’s exceptional opportunities for international trade and investment.

Levelling up the Midlands Engine means a long-term commitment and a portfolio of investment to overcome stubborn barriers to growth, and secure the health and wellbeing of our region’s people and economy.”

For the latest on our region, subscribe to Midlands Matters, the official newsletter of the Midlands Engine.
Share

Keep Updated

Latest News & Events

close-up image of an electric car plugged into a charging point

Transport

Mar 1 2024

Consumer research shows lack of Electric Vehicle charge points a barrier for uptake

Consumer research conducted by Midlands Connect has shown a lack of EV charge points is a barrier for consumers choosing to purchase an EV and a hinderance for those who already own an EV.

Read more
a train in Nottinghamshire

Transport

Mar 1 2024

Work to deliver Midlands Rail Hub set to begin with £123 million

Millions of people will benefit from more frequent rail services from central Birmingham and upgraded stations across the Midlands.

Read more
The Midlands Engine Investment Fund II launches today (29th February) and will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

Economic Opportunities

Feb 29 2024

Midlands Engine Investment Fund II launches providing businesses with the funds to grow

The Midlands Engine Investment Fund II launches today (29th February) and will deliver £400 million of new funding to small and medium-sized businesses across the Midlands.

Read more
An electric vehicle charging

Subscribe to Midlands Matters, the newsletter of the Midlands Engine