A new report has found that Birmingham is the top city in the world, excluding London for employment opportunities, only beaten by Manchester. Birmingham is now ahead of the hot spots for business such as Leeds, Bristol and Edinburgh. The study has shown that the chances in the city have increased by 27 percent percentage from 2021. Why is Birmingham becoming such an untapped area for business?
Population Growth
Birmingham is among the fastest-growing population in the UK and has the most youthful population due to its many famous universities with a vibrant culture and a variety of. Since 2002 Birmingham’s population has grown by 227,000 people, with Birmingham being a fantastic option for London and its infamous London Bubble of exorbitant costs. This is what makes Birmingham an attractive option for those who are moving to the UK and obtaining their first job, or finding the ideal location to go to university and then settle in a vibrant city.
HS2
High Speed 2 has dominated the news regarding investments within the West Midlands, and with excellent justification. The preparation of land to lay tracks has been crucial for archaeologists and local heritage experts and archaeologists, increasing employment opportunities in these areas as well as building each track and terminal will lead to thousands of Birmingham jobs. The workforce of 27,000 strong has helped reduce local unemployment rates substantially, and is now set to offer a variety of opportunities in the long run for those who helped build the network.
Big City With Big Plans
Birmingham’s 20-year Big City Plan targets development within the central part of the city and will generate the additional £2.1 billion for the local economy each year. The amazing plan, which also includes ongoing development, is expected to create an astounding 50k jobs by it’s completion, thanks to the creation of public space, including in the 1.5 million square meters of space available for new companies.
Commutability
Birmingham New Street station is the most popular station of the UK outside of London and is the most crowded interchange station within the nation due to Birmingham’s unparalleled connectivity. It connects with Edinburgh, Cardiff and London and also smaller local stations throughout the city and in the West Midlands, meaning that commuters from across the nation frequently pass through Birmingham on their way to work and home. It’s no wonder that employment opportunities in the region are growing, Birmingham is vastly well connected to the rest of Britain and, because of Birmingham International Airport Birmingham International Airport, the city is easily accessible to the world as well.
£300 Million Expansion of BHX
Airports are a subject of discussion. Birmingham International Airport has been waiting for an expansion plan of £300 million. This will allow more people and make sure that Birmingham is an easier location for travelers from the UK and the world. The improvements to the terminal will lead to a better travel experience for passengers. It will also provide easier access to the terminal and more security staff: this will surely create permanent job opportunities for BHX personnel and also contracts for construction and building companies.
Commonwealth Games
The Commonwealth Games created 4,500 jobs every year during the period leading up to 2022. They also required working with more than 6,500 businesses to ensure the Games went smoothly, creating an many potential for Birmingham. Now after it is over, and the Commonwealth Games has been and gone, is there any remaining opportunities? Yes! This Legacy Fund for the Games will enable Birmingham to keep providing sports opportunities for those who require them, while keeping that Commonwealth spirit alive through initiatives like an initiative called the Job and Skills Academy, and maintenance of the newly built Sandwell Aquatics Centre.
Paradise Development
The £700 million Paradise development is expected to take over the city center in the biggest construction project Birmingham has seen in many years. With 1.8 million square feet of new space created through the development, the finished product will include restaurants, cafes as well as hotels, shops as well as prime commercial properties which are likely to get snapped up by world-class companies looking to establish their operations outside of London as well as the such companies as HSBC, Deutsche Bank and Goldman Sachs. A 49-storey residential tower is also in the process of being built that is an innovative design which is the first of its kind, and expected to become the permanent addition to Birmingham’s skyline that is growing.
Relocation of Large Businesses
A lot of global companies have decided to move their headquarters from London in order to reduce rising office rents and reduce costs. Deutsche Bank, HSBC and PWC are only a few of the world-renowned companies who have decided to move into the country’s 2nd capital. The government’s goal of a leveling-up agenda is also key to moving the abundance of opportunities away from London as well as across the nation. A number of government departments have moved to Birmingham in the course of the Places For Growth programme, that has seen more than 2100 civil servants relocate out of London and into Birmingham and the West Midlands. Personnel of departments like the Department for Transport, Cabinet Office and the newly-formed Government Property Agency have already moved to Birmingham and there are more expected to follow by 2025.