Business

CBI - Unlocking Regional Growth

Irwin Mitchell is proud to support the CBI's Unlocking Regional Growth campaign.

The CBI is the UK's premier business organisation.  It provides a voice for firms at a regional, national and international level to policymakers. Unlocking Regional Growth forms part of the CBI’s key purpose to help businesses create a more prosperous society.

The Report

The first major output of the initiative is an insightful report from the CBI’s policy experts that features a section authored by Irwin Mitchell’s CEO of Business Legal Services, Victoria Brackett.

 The report focuses on the role of devolution and economic rebalancing, identifying key four drivers for improving productivity:

  • Educational attainment of young people at 16
  • Better transport links raise productivity by widening access to labour
  • Better management practices can help address poor productivity across a range of sectors
  • Exporting lifts regional productivity

If businesses and the government work together on these four drivers, the report predicts we could achieve a £67bn uplift in GVA. This is based on output growth in lower performing areas moving up to regional and national averages and complements the government’s ongoing Northern Powerhouse and Midlands Engine agendas.

Download the full report here.

 

The report was launched at an event at the Manufacturing Technology Centre (MTC) in Coventry, where Victoria Brackett spoke about economic rebalancing and fielded questions from the audience.

With offices and clients around the country, Irwin Mitchell is well aware of the potential for regional growth as a complementary strategy alongside continued prosperity in the South-East. We're thrilled to be supporting the CBI and the Unlocking Regional Growth campaign and will be working with them to push the four drivers for increased productivity.

Comparing Strengths And Opportunities Across The UK

The CBI and Irwin Mitchell have partnered to produce an interactive map to help visualise the strengths and opportunities for each area of the UK. Explore the map




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Frequently Asked Questions

Why is economic rebalancing important?

Economic rebalancing is a subject that we as a national law firm feel passionate about. We represent businesses throughout the UK and believe that they should all have a level playing field. Read more

How do you think businesses are dealing with the uncertainty associated with Brexit?

According to CEBR’s analysis in our latest UK Powerhouse report, 176,000 new jobs could be created here in the Midlands by 2026. This number includes... Read more

What do you think the future holds for the Midlands Engine?

One of our manufacturing clients in Birmingham says that the referendum result has created uncertainty but is confident that the company will continue to grow. Read more


Regional Growth News

Find out what we're saying about the Unlocking Regional Growth campaign and related issues

Cambridge Takes Top Spot In City Economic Growth League Table

17 / 07 / 17 Read More

Midlands Engine Strategy Unveiled By The Government

09 / 03 / 17 Read More

UK Cities Set For £12bn Economic Growth In 2017 Despite Strengthening Brexit Uncertainty

13 / 01 / 17 Read More

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