Ian Cornock, lead director JLL said:
“We predicted 2015 was the year of the regions and the Autumn Statement and Spending Review very much focused on demonstrating the government’s commitment to achieving long term sustainable growth at a local level – talking of a devolution revolution for which the Midlands received a positive name check – certainly a step in the right direction. The opportunity to keep revenue from business rates will also enable us to direct money where it is needed and we must ensure the smooth and speedy transition to devolved powers so we can start to reap the benefits.
“Having enjoyed a remarkable year in Birmingham and the Midlands for investment, we need to ensure we build on this and achieve sustained economic growth. The news of capital spending on transport increasing by 50% to £61b is very welcome as infrastructure and transport is one of the biggest key indicators for investors when looking to the regions. Reinforcing its commitment to HS2 will also be heard around the world and continue to bring Birmingham and the Midlands into focus.”