NEW: QEB Insight – Technology and Digital
|NEW: Local Skills Improvement Plan Insight
|NEW: Aerospace in the Midlands Report
|NEW: Green & Hydrogen Jobs in the Midlands Report
|NEW: Engineering Biology Cluster Snapshot
|NEW: Future Telecom. Cluster Snapshot
|NEW: Semiconductors Cluster Snapshot
|NEW: AI Midlands Cluster Snapshot
|NEW: Quantum Technologies Cluster Snapshot
|Macro-Economy
GVA
GVA per head
productivity gap
average earnings
The Midlands Engine is home to nearly 405k enterprises employing 4.6m people and generating £252.6bn in GVA.
UK GVA
Midlands Engine Gross Value Added (GVA) is the highest of all regions in the UK outside of London and the South East. It accounts for 12.4% of UK GVA.
GVA per head
GVA per head was £24,346 in 2021, £6,097 lower than UK (£30,443). A 7.7% increase from previous year compared to 7.3% increase for the UK.
Productivity Gap
The region faces a £86.3bn productivity gap with barriers including skills, infrastructure, R&D investment, and access to finance.