Birmingham has been named the most entrepreneurial place in the UK in this year’s Enterprising Britain Awards, impressing the judges with a project that’s supported 1,000 businesses.
Council project generates millions
The Midlands city took the top spot for an ambitious project that’s seen Birmingham City Council team up with six Local Enterprise Partnerships (LEPs) to encourage investment and attract business talent. The project has helped to generate £87 million in private investment and created or safeguarded 4,300 jobs.
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Companies that have benefitted include Westfield Sports Cars, which has fast tracked production of a new prototype vehicle, and Induction Technology Group, which boosted global sales by investing in new manufacturing equipment.
The vision of Birmingham as a thriving entrepreneurial city is backed up by Simply Business data, which shows an increase in Birmingham-based businesses looking for insurance quotes this year compared to last year.
Enterprising Britain Awards
The Enterprising Britain Awards are part of the government’s efforts to boost small businesses. They’re managed by Investment in Young People on behalf of the Department for Business, Energy and Industrial Strategy (BEIS).
Birmingham was announced as this year’s winner by Small Business Minister and entrepreneur Margot James, who said:
“We have 900,000 more small businesses than in 2010 and they have an important role to play in building an economy that works for all. It’s great to see the support available for business owners making a real difference and driving entrepreneurial spirit across the UK.
These awards recognise the value of local support and show what can be achieved when people who know their community best make their own decisions.”
European Enterprise Promotion Awards
Birmingham City Council will now go forward to the European Enterprise Promotion Awards, which recognise initiatives that promote enterprise and entrepreneurship.
They’ll be joined by Liverpool John Moores University, winner of the Enterprising Britain ‘building enterprise skills’ award for the creation of an academy that has so far helped over 17,000 students develop enterprise skills.