
Economic Opportunities
Jan 16 2025
The Midlands is home to a wide range of industry and academic-led medical facilities, research and expertise, which puts the region in a position to lead the development of new MedTech products, services and businesses and to capture some of the growing national and global MedTech market.
The MedTech sector in the Midlands contributes an estimated £1.6bn annually to the region. With around 1,000 companies in the industry, the region has the largest number of MedTech businesses in the UK, and is the second-largest employer with a workforce of 23,600. Industry engagement specialisms include NICE standards, CE marking, NHS business plans and the regulatory landscape.
It’s a highly sustainable industry, with the majority of businesses in the sector more than 10 years old – longevity which, far from showing lack of innovation, has been enabled by significant investment in R&D.
Certain barriers, however, are preventing the industry from reaching its full potential. These include supply-chain fragmentation, limited access to private investment and time constraints.
A number of interventions have been identified to remove these barriers, and strategic work at a regional and local level is ongoing, with the aim to prioritise MedTech as a core Midlands sector poised to become a national and international leader.
Download a copy of the Midlands MedTech Sector Analysis Report.
Economic Opportunities
Jan 16 2025
Green Growth
Feb 3 2025
Energy security has never been more urgent. In recent years, the UK has seen escalating challenges, from global geopolitical crises to rising energy prices. It is the Midlands, home to innovative industries and a strong manufacturing base, that is playing a major role in tackling these issues with the recent launch of the Midlands Engine Energy Security White Paper.
Read moreEconomic Opportunities
Feb 4 2025
Since December last year and throughout January, the Midlands Engine Partnership has led a series of Cluster deep dives - exploring the investment potential of some of the biggest clusters in our region - from aerospace to health technology.
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