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  • 17 minutes ago
A major new investment has been announced for the West Midlands, with leaders saying it could strengthen key sectors and support future growth. The focus is now on how the money will be used, and what it could mean for businesses across the region.

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00:02a 50 million pound boost for jobs and innovation in the west midlands but will it make a real
00:08difference to the region's economy i'm joined now by dr steve mccabe a politics expert steve
00:14the west midlands has seen a longer term decline in traditional manufacturing and engineering jobs
00:20how important is it to rebuild that part of our local economy well absolutely crucial in my opinion
00:27and there was a lot of discussion recently um on in terms of inequality and the sort of the fact
00:33that there is a increased joblessness particularly amongst young people and that's due to a number
00:39of sort of causes but mainly i believe uh and particularly in sort of northern areas and of
00:43course birmingham and sort of west midlands is north of london uh due to the fact that there are
00:48no longer opportunities in sort of manufacturing that there would have been certainly a couple of
00:52generations ago um the decline in manufacturing employment certainly uh if not in sort of the
00:58contribution to the economy because it's still a very significant industry um if this is not as
01:02another wake-up call to sort of to make things in this country and then uh i don't know what
01:06is
01:06no all that's really good and 50 million of course if we won that on the lottery would be absolutely
01:12sort of delighted because of course that was sort of stretched a long way the the issue is that um
01:17in
01:18an economy well at least the sort of this the sector in terms of its contribution to the economy
01:23is 16 billion now of course i know it's a very sort of crude um ratio but uh 50 billion
01:29um in terms
01:30of 16 billion is not a sort of a tremendous amount i was in wood lane in ervington yesterday and
01:37i was
01:38driving down there and i was just looking up and remembering all the factories from my childhood
01:42dunlop have gone the amax gone many many others we've lost these industries where can manufacturing
01:49work for us then in birmingham now what sort of sectors i suppose that the difficulty is that we've
01:54been so used to be able to buy cheap things from china and the far east um but of course
02:00as we know
02:01that those supply chains can be disrupted very easily and of course rooster vents will sort of uh
02:06um demonstrate that but i mean you're absolutely right i mean that the fact is though
02:10well i always go up in the 1970s there were factories everywhere but of course you look
02:14around and it's there are very few and far between and we've lost a number of major employers i mean
02:18i mentioned previously my mother worked for uh in manufacturing in joseph lucas that no longer
02:23exists now that's all part of if you like i suppose the sort of the offshoring that that we've gone
02:28through and of course motor manufacturing in particular it comes from sort of central government
02:33and their sort of lead so undoubtedly coming back to this 50 million it's a really good start
02:38but we need lots more of it to sort of to as i say put uh the west midlands birmingham
02:43of course
02:44back on the map as the sort of the place that you come to to buy really brilliant um items
02:48which of
02:49course this uh yeah made this country sort of what it was back in the victorian times
02:54beef thank you so much for your time today you're welcome
02:57you're welcome
02:57you're welcome
02:57you're welcome
02:57you're welcome
02:58you're welcome
02:58you're welcome
02:58you're welcome
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