As the beating heart of the UK, the government is investing in The Midlands with the vision to become the ‘growth engine’. Driving professional, commercial and residential opportunities with huge infrastructure changes and a variety of upcoming developments, The ‘Midlands Engine’ is pushing ahead with Birmingham at its core.
The West Midlands has seen great success in the employment sector over the last five years, with workforce jobs increasing by 110,000 during 2017 alone. The region is home to 50% of the UK’s industrial stock and plays a critical role in the UK’s supply chain, thanks to a central location and unrivalled links with the rest of the nation.
Birmingham has seen particular interest from investors thanks to the transformational ‘Big City Plan’, a project that is looking to provide commercial, office and residential space as well as excellent lifestyle and infrastructure improvements. The ‘Big City Plan’ will revitalise different quarters of the city, creating brand new destinations to live, work and play.
With Birmingham property currently providing excellent results in terms of property price growth and rental yields, the second city is also expected to see a population boom. The completion of HS2, as well as Birmingham’s status as the top destination for London renters moving from the capital means Birmingham could become the ‘UK’s first Commuter City’, attracting talented workers, young professionals and families seeking affordability.