🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

England's West Midlands welcomes creation of 1,000 new tech jobs

Published 18/10/2023, 07:03
VOD
-

LONDON (Reuters) - The West Midlands, England's second biggest metropolitan area, is set to be boosted by the creation of 1,000 new tech sector jobs, the local economic development agency said on Wednesday.

The West Midlands Growth Company, which covers an area containing England's second city Birmingham, said the jobs would be created by the expansion of five tech firms, ranging from wireless communications to electric vehicle charging.

"These tremendous investments reinforce our region’s status as a destination of choice for ambitious companies across a wide range of sectors," Andy Street, Mayor of the West Midlands, said in a statement.

The boost for the region comes two weeks after British Prime Minister Rishi Sunak decided not to proceed with a high speed rail link between Birmingham and Manchester.

Street had been heavily critical of that decision, saying it would damage Britain's "international reputation as a place to invest."

On Wednesday he said the investments by the five companies were a "vote of confidence in us."

IT services firm Version 1 will create around 500 jobs, as part of its plans to open a new technology hub in Birmingham next year, while wireless communications company Novocomms Group plans 300 new jobs in the city over the next three years.

(This story has been refiled to fix the typo in paragraph 7)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.