Solihull’s status as a hub of economic innovation and resilience was firmly established at the Solihull Chamber of Commerce Awards 2024. I had the honour of attending the event and presenting the Award for Excellence in Professional Services, which was won by Blythe Valley-based Jerroms. It was an inspiring evening, full of success stories from local businesses. All of the nominees and winners deserve a hearty congratulations. A special mention should also go to the team at Solihull Chamber of Commerce for organising such an impressive event. The Chamber plays a crucial role in supporting and growing our local business community.
Despite recent global economic uncertainty, and a change of government, Solihull remains a standout location for doing business. The redevelopment plans for Mell Square, led by Council Leader Ian Courts, are a prime example of this, with millions of pounds in private investment being poured into our town centre. The project is not only enhancing the retail and visitor experience but also delivering new homes, which will boost footfall and drive economic activity.
Solihull benefits greatly from a highly skilled workforce, thanks, in no small part, to our excellent schools. This strong foundation for entrepreneurship and hard work will be on display at the Apprenticeship Show, taking place on 16th October 2024 at Cranmore Park in Shirley. The event promises to highlight exciting opportunities for young people to pursue careers whilst continuing their education; thereby further strengthening the local talent pool.
Large employers in the borough, such as Paragon and BNP Paribas, are also playing a key role in the area’s economic growth. I am delighted that BNP Paribas is expanding its workforce and will be moving into new offices on Homer Road in the New Year. These companies are not only flourishing but also offering exciting career opportunities for local residents.
Independent businesses are equally vital to Solihull’s economic success. Last week, I joined Solihull BID for a walkabout, meeting with local business owners for open discussions about the challenges of trading in the current climate. What is clear is that the UK economy needs a sustained period of growth and confidence. Under the previous Conservative Government, the economy began to improve, with growth rising and inflation falling. Now, with the new Government in place, all eyes are on the Chancellor’s budget on 30th October 2024. We need cuts in regulations and policies that promote economic freedom to restore confidence in the business community.
Unfortunately, the Chancellor, Rachel Reeves, failed to provide the reassurance businesses were seeking during her speech to the Labour Party Conference on 23rd September. Both businesses and residents are looking for leadership to help navigate these uncertain times, but her message left many questioning whether the Government will take the steps necessary to drive economic growth. Solihull’s business community, like others across the country, is eager for policies that reduce barriers and encourage investment.
Despite these national concerns, Solihull continues to thrive as a place to do business. From large corporations to independent traders, our borough offers a dynamic environment for growth and innovation, making Solihull a leading destination for businesses in 2024 and beyond.
