Advanced manufacturing involves the production of high-value goods using innovative technologies, precision engineering, automation, and digital processes. The sector includes industries such as automotive, aerospace, rail, and electronics, with a strong focus on research, development, and improving productivity through advanced production methods.
Priority Growth Sectors
Priority sectors within an LSIP are identified by the Employer Representative Body through consultation with employers and stakeholders, supported by labour market intelligence and economic data the West Midlands Plan for Growth, published in July 2022, identified the primary economic clusters where the region could ignite above-forecast levels of growth.
A growth sector is an industry or group of industries that is expected to create significant economic value, jobs, productivity gains, investment, and innovation over a defined period.
Priority Sectors Include:
Defence
The digital and technology sector includes businesses that develop or use digital technologies to deliver products and services. It covers areas such as software development, cyber security, artificial intelligence, data analytics, telecommunications, and digital infrastructure, supporting innovation and productivity across the wider economy.
Digital and Technologies
The digital and technology sector includes businesses that develop or use digital technologies to deliver products and services. It covers areas such as software development, cyber security, artificial intelligence, data analytics, telecommunications, and digital infrastructure, supporting innovation and productivity across the wider economy.
Professional and Business Services
The everyday economy includes sectors that provide essential goods and services used in daily life, such as retail, hospitality, social care, and local services. These industries are major employers and play an important role in supporting communities, local high streets, and inclusive economic growth.
Creative Industires
The creative industries sector includes businesses involved in creating, producing, and distributing creative and cultural content. This includes film, television, gaming, music, design, advertising, publishing, and digital media, combining creative talent with technology and innovation.
Clean Energy Industries
The clean energy industries sector focuses on developing and delivering low-carbon and sustainable energy solutions. It includes renewable energy, energy storage, smart energy systems, retrofit, hydrogen technologies, and electric vehicle infrastructure, supporting the transition to net zero and greener economic growth.
Life Sciences
The life sciences and health-tech sector focuses on improving healthcare through science, technology, and innovation. It includes biotechnology, pharmaceuticals, medical devices, diagnostics, digital health, and healthcare research, supporting both patient care and medical advancement.
Financial Services
This sector provides specialist business support services such as banking, finance, insurance, legal services, accountancy, consultancy, and business administration. It is a knowledge-intensive sector that supports economic growth, investment, and business development across all industries.
Everyday Economy
The everyday economy includes sectors that provide essential goods and services used in daily life, such as retail, hospitality, social care, and local services. These industries are major employers and play an important role in supporting communities, local high streets, and inclusive economic growth.
