With an economy worth just under £25 billion, Birmingham is one of the largest city economies in the UK. Over the last five years the city has enjoyed a growth rate of over 19% and is now regarded as the youngest major city in Europe. Between 2006 and 2016, Birmingham’s population increased by over 100,000 (the biggest increase in the UK) and also in 2016 approximately 17,473 new businesses were created– more than any other city outside London. With this in mind, it’s easy to see why so many businesses are relocating to the city and setting up new offices.
The city has played host to a wide range of high-profile events over recent years, including the arts festival Birmingham Weekender, the Natwest T20 Finals Day held at Edgbaston Stadium and the 80th anniversary of The Hobbit, which was penned by former Birmingham resident, JRR Tolkien. With fantastic venues such as Symphony Hall, the Town Hall, O2 Academy, Arena Birmingham, Birmingham Hippodrome and Genting Arena, world class events are part and parcel of what the city has to offer. And, Birmingham will be hosting the next Commonwealth Games in 2020 so there’s plenty to look forward to on the sporting front as well.
A flourishing tech scene
Areas such as Aston’s Innovation Birmingham Campus, the Technology Park in Longbridge and the Jewellery Quarter are now home to a series of tech companies, whilst an organisation called Silicon Canal runs a range of tech events in the city throughout the year. A number of globally-renowned companies have moved to the city and the surrounding West Midlands area whilst Business Birmingham has reported that the city’s tech sector has contributed £2.3 billion each year to the economy. So, if you’re a tech business looking for the perfect location, Birmingham has got to be on your short-list.
Redevelopment and transformation
The transformation of Birmingham has been spectacular by anybody’s standards. The overhaul of the Bull Ring, the development of Grand Central – the bright new face of Birmingham New Street station and the half-a-billion-pound regeneration of Paradise Circus are prime examples of how the city has repositioned itself on the world’s stage. And the eateries are something to boast about as well…
Famous restaurants in the city include Carters of Moseley, Purnells, Adam’s Restaurant, Restaurant Folium and Harborne Kitchen. The city is becoming increasingly renowned for its dining options. It’s possible to enjoy cuisine from all around the world here, with multiple eateries having earned Michelin stars. There’s also a thriving independent dining and drinking scene, with craft breweries and artisan bakeries.
Attract the finest talent in Birmingham and the West Midlands
Have we whet your appetite?
If you are thinking of relocating your business, Birmingham may well be the perfect option for your needs. With the strongest economy outside of London, and being the most entrepreneurial and the fastest growing regional city in the UK, it’s possible you could attract the best talent and retain their skills for many years by basing your operations in Birmingham.
If you need a helping hand with your move, the team at Flow are on hand to guide you through the process. As one of Birmingham’s leading office design companies, we can manage the entire project for you. Contact us now to discuss your move to Birmingham in more detail.