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LBV news and views

Spanning the great divide

7 March 2018

The headline figures are startling:

  • Between 2009 and 2016 economic output per head rose by 9.2% in the West Midlands , contrasting with 4.6% in the East Midlands.
  • In both regions the number of people in work has grown by 8%.
  • Productivity in the West however was 10% higher in 2016 than in 2009.
  • Productivity in the East was a lower 7% higher in 2016 than in 2009 resulting in lower output.

But wait… generalisations can be misleading. Leicester was identified as a bright spot and cause for optimism amongst its East Midlands neighbours.

Based on projected spending figures (public and joint public/private spending on current and pipelined transport infrastructure projects), the North West and West Midlands will benefit from £2,700 per head. By contrast, only £950 per person (barely a third) is predicted to be spent in the North east, Yorkshire and Humber, and the East Midlands.

Furthermore, in the East Midlands there is a skills gap,  36% of working adults are highly skilled in the West Midlands compared to 31% in the East Midlands.

So what actions are needed?

  • Transport connectivity and digital connectivity must be prioritised .
  • We must demand greater external return and avoid an internal focus.
  • We must retain our talent and profit from the energy and skilled graduate labour force graduation from our local  Universities .

We must ensure the Midlands Engine works for us and not lose out to the stronger voices in the West Midlands. Failure to do so will indeed result in an East West divide – entirely of our own making .

A Busy Evening for Jane at LBV Burns Night

15 February 2018

Simon Whitaker reports on this year’s LBV Burns Supper at the Belmont Hotel, New Walk, Leicester. This popular event was well supported by Members and Guests from the Leicestershire business community.

LBV Comments and opinion: Leicester’s professional and financial services community

14 February 2018

Gareth John, a senior partner at Gateley Plc, takes a wry look at the needs of Leicester’s under-appreciated professional community.

LBV Comments and opinion: Apprenticeship Levy – in need of radical overhaul in less than 1 year

17 January 2018

LBV Board Director, Roger Merchant, gives his opinion on the impact that the Apprenticeship Levy has had, since it’s introduction in April 2017.

LBV Comments and opinion: Looking ahead

4 January 2018

Leicester Business Voice’s Chair, Jane Cowley, recently contributed business articles for the Leicester Mercury’s Business Monthly magazine, and the online business publication, TheBusinessDesk.