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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Midlands cities 'are crucial hubs' but region's productivity gap costs £18bn a year, says Centre for Cities

Cities are crucial hubs in the Midlands, providing employment, higher wages and increased prosperity for their residents and those living nearby, according to a new report by a leading economic think tank.

They have a vital role to play in tackling the region's persistent productivity gap - the result of historic underinvestment and undervaluing of the Midlands - which costs the region £18 billion annually, a new Centre for Cities report highlights.

The think tank says urban areas should be a key focus of efforts by the Government to help the Midlands reach its economic potential as part of the wider objective to level up struggling regions.

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