Birmingham is located in West Midlands in the U.K. It is the second most populous city and is referred as the second city of the U.K. It was the pioneer of the industrial revolution in England and has now developed into a commercial city. It is rated as the second best destination for investment in UK, to set up a business. It is also ranks fourth in the tourism sector and has the second largest economy in the U.K.
The city is linked conveniently via motorways and railways. The International Airport of Birmingham is one of the fastest expanding air bases in Britain. It is also only a 90 minute journey to London via train. Hence, it is very easily accessible. Tourism and sightseeing is a major business in Birmingham. There are many popular tourist destinations here. They include Cadbury World in the Bourneville area, theaters and art centers. Museums such as Soho house and Sutton Park are also popular. There are also plenty of canals to explore in Birmingham and express trains to enjoy.
It has the Bullring shopping complex and House of Fraser and other retail showrooms which are an added attraction. Many tourists visit this city regularly and hence it is a good area for investment and future growth. Industries such as information technology, engineering, automobile manufacturing and telecommunication are prevalent here. Birmingham is also a leader in nanotechnology. World renowned brands such as Cadbury, Goodyear, Dunlop, Trebor Bassett and Deloitte have operations in the city of Birmingham.
The automobile industry in Birmingham deals with full fledged manufacturing plants to design and support companies. Jaguar, the renowned car manufacturer, has a base here. Birmingham has a qualified workforce in this area. Precision engineering is also strength of this city and it has a significant workforce in this area. These sectors offer a lot of promise too. The financial sector is yet another booming sector in Birmingham. It ranks second to London in this arena. Price Water house Cooper has operations in Birmingham. This sector is growing and is a significant contributor to the city’s economy. This is thus a good area for foreign investment.
Birmingham has a highly developed telecommunication network in place. It is the leader in Wi-Fi services and also fiber optic networks. The city’s telecommunication sector is completely digital and is broadband enabled. Other services such as SDH, MPLS, and ATMs are easily accessible. Businesses can thus have access to all these advanced amenities, making this sector is a great option for investment.
Birmingham’s three universities also place importance on research. The Aston Science Park is a world class facility for businesses. The University of Birmingham Research Park has provisions for accommodation to businesses seeking to undertake research with the University. Hence, all research and research-related businesses can invest in these parks and benefit.
In short, Birmingham has a great infrastructure and telecommunication network which is a plus for all businesses. In addition, it has a strong transportation network and accessibility. So we can say that Birmingham is good investment destination in UK. These factors, coupled with the availability of a skilled workforce, make Birmingham a great area for foreign investment.