A new study has revealed that Birmingham is currently the second-best city in the world, excluding London in terms of job opportunities, only beaten by Manchester. The city is ahead of the hot spots for business located in Leeds, Bristol and Edinburgh. The study has shown that the opportunities in Birmingham have grown by 27 per percentage in the last 2021. Why is Birmingham becoming such an untapped area for business?
Population Growth
Birmingham is one of the most rapidly growing population in the UK and has the youngest in terms of population due to its many well-known universities as well as its vibrant culture and diversity. Since 2002 the population of Birmingham has grown by 227,000 people, with Birmingham being a fantastic option for London and its unsettling London Bubble of high costs. This means that it makes Birmingham much more attractive option for those who are moving to the UK to start their first job, or finding the ideal location to study and later settle in a vibrant city.
HS2
High Speed 2 has dominated the discussion of investments into the West Midlands, and with excellent justification. The process of preparing land for the construction of tracks has been essential for local archaeologists and heritage specialists and archaeologists, increasing employment opportunities in these areas as well as building each track and terminal will result in thousands of new jobs. The workforce of 27,000 strong has helped reduce the local unemployment rate dramatically, and is expected to offer a variety of long-term possibilities for those who helped in the creation of the network.
Big City, Big City Plan
Birmingham’s 20-year Big City Plan targets development within the central part of the city and will generate more than £2.1 billion for the local economy each annually. The amazing plan, which also includes ongoing development, is expected to create an astounding 10,000 jobs by it’s completion, thanks to the construction of public space, including in the 1.5 million square feet of space that will be used for new companies.
Commutability
Birmingham New Street station is the most frequented station within the UK outside of London and is the most crowded interchange station within the nation because of Birmingham’s incredible connectivity. It connects with Edinburgh, Cardiff and London in addition to smaller local stations in Birmingham and the West Midlands, meaning that commuters from across the nation frequently pass through Birmingham when they travel 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 to BHX
In terms of airports, Birmingham International Airport has been currently awaiting 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 as well as the rest of the world. The improvements to the terminal will lead to a better experience for passengers , with easier access to the terminal and more security personnel. This is likely to result in jobs for the long-term BHX personnel and contracts for construction and building companies.
Commonwealth Games
The Commonwealth Games created 4,500 jobs every year during the period leading up to 2022. It also involved 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 new opportunities? Yes! It is true! Legacy Fund for the Games will allow Birmingham to provide sporting opportunities for those who require these opportunities, and keep that Commonwealth spirit alive through initiatives like an initiative called the Job and Skills Academy, as well as the maintenance of the recently constructed Sandwell Aquatics Centre.
Visit the Job Leap website for the latest Birmingham jobs….
Paradise Development
The £700 million Paradise development is expected to be the centre of the city in the biggest construction project Birmingham has seen in the past few years. With 1.8 million square feet of new space created through the project, the end result will include restaurants, cafes as well as hotels, shops along with prime real estate properties which are likely to get snapped up by international companies looking to establish their operations outside of London and join the such companies as HSBC, Deutsche Bank and Goldman Sachs. A 49-storey residential tower is also in the process of being built and is unique in its design. which is the first of its kind, and will be an integral part of Birmingham’s skyline that is growing.
Relocation of large businesses
A lot of global companies have decided to relocate their headquarters from London to avoid increasing office rents as well as to reduce costs. Deutsche Bank, HSBC and PWC are among the internationally renowned companies who have decided to move into the country’s 2nd capital. The government’s agenda of leveling up is also key to shifting the opportunities away from London and into the entire country. 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 into Birmingham and the West Midlands. People working for Department for Transport, Cabinet Office Department for Transport, Cabinet Office and the new Government Property Agency have already moved to Birmingham and more are expected to follow by 2025.