PwC comments on the Spending Review - Midlands

David Morris, Central Region Market Lead, PwC, said: 

"The Chancellor's announcements today underscore the critical shift towards empowering regions with more control and decision-making tailored to local needs, executed by local leaders. Notably, the research and development package, which includes up to £500 million for regions across the UK, will significantly bolster the robust manufacturing sector and 'innovation cluster' in the Midlands. This funding will facilitate ongoing development, upskilling, and rapid scaling of operations. 

"The infrastructure updates, particularly the advancements in the Midlands Rail Hub, promise to enhance connectivity from Birmingham throughout the West Midlands and beyond. This is encouraging news, as it will further fuel regional growth. To fully realise these benefits, a sustained emphasis on equipping our young people with the right skills is essential - the announced additional investment in training and upskilling is vital in achieving this goal."