Strategic economic plan
The Strategic Economic Plan (SEP) sets out the vision, objectives, strategy and actions to improve the quality of life of everyone who lives and works in the West Midlands.
It has been developed and agreed by a wide partnership of people, organisations and businesses who share a pride in, and ambition for, an area with unique assets, challenges and opportunities.
It recognises that a stronger West Midlands is not just good for its residents and businesses - but for the UK economy.
Devolution and the creation of the West Midlands Combined Authority provide the area with a once in a lifetime opportunity for transformation and to focus on the issues that matter most to residents. The SEP sets out the context for the devolution agreement and explains how new powers and resources will deliver an ambitious vision for the region in 2030.
That vision will see the area become home to the biggest concentrations of advanced manufacturing in Europe.
Innovation will play a crucial role in increasing productivity and reforming public services, and people of all ages will be given access to the best education and training, along with improved housing.
With three major cities and four large boroughs complemented by surrounding towns, villages and countryside with their own unique characteristics, strong identities and cultural assets, the West Midlands is well placed to make the most of opportunities offered by devolution.
The region’s economy, already home to hundreds of globally competitive businesses, provides a strong foundation for growth, along with a wealth of universities, science parks and research institutes, and supported by high quality rail, road and air links which will be strengthened by development of Birmingham Airport and the arrival of HS2.
This SEP will ensure resources are focused in the right places at the right times to deliver fast, flexible and dynamic change in the areas that matter most to the people and firms of the region.
It is an ambitious plan, but no less than the area needs and deserves.