Ways to reduce social inequality in the West Midlands and boost productivity will be researched thanks to an £800,000 research project, led by Warwick Business School with WMG at the University of Warwick, and City-REDI at the University of Birmingham.
WMG and Warwick Business School from the University of Warwick and City-REDI at the University of Birmingham will examine the factors that constrain firm-level innovation and productivity across the region, with a particular focus on the role of skills shortages, the importance of supply chains and impacts of foreign direct investment.
They will also work in collaboration with regional stakeholders, including the West Midlands Combined Authority, the Midlands Engine, five Local Enterprise Partnerships and private sector firms including Jaguar Land Rover and Aston Martin. More widely, the project will connect with the CBI - building on their recent productivity work- the Chambers of Commerce, TUC and Unite.
As well as contributing to the local industrial strategy the research team will examine trade-offs between policies and practices which target improvements in productivity against other development goals.
In particular, understanding how productivity improvements and related policies can contribute to inclusive growth which reduces inequalities within and across regions, or heighten such inequalities is a central aim of the research.