There is a wealth of evidence to suggest that the West Midlands is a good place to start a business. The West Midlands region is known for its diversity, and there is a strong link with entrepreneurial activity. In particular, certain communities and ethnic minority groups in the region have a very strong record of starting businesses. Evidence also shows that the West Midlands are a good place for women and young people to start a business.
Following the decline in manufacturing over the last 15-20 years new manufacturing industries are starting to emerge, particularly around areas such as energy, conservation and in support of the automotive sector. There are also clusters of new industries starting to emerge such as creative industries and food technologies.