In light of last Friday’s Brexit shock many are now unsure of what the future holds for Britain but one is for sure business in Birmingham is booming. Last month Birmingham businesses saw a 19.5% increase in job applications according to CV Library’s job market data from May 2015 to May 2016. According to the data last year also saw a 7.1% increase in jobs available across Birmingham.
CV Library reported that growth was seen across many sectors across the second city. The top 10 industries to see an increase in applications in May 2016 are;
- Hospitality – 100.8% growth
- Legal – 91.5% growth
- Catering – 77.1% growth
- Electronics – 73.2% growth
- Property Services – 67.2% growth
- Distribution – 57.5% growth
- Automotive – 42.1% growth
- IT – 34.4% growth
- Administration – 33.4% growth
- Marketing – 27.3% growth
In recent years Birmingham has seen an influx of new arrivals in the city and many more are announcing their intentions to make a move.
In May the BBC announced that its BBC Three would relocating to the city by 2018. The team will be located in the Mailbox where BBC Birmingham is currently based. The BBC has currently increased its investment to £125 million a year in Birmingham, with around 700 employees within the city currently.
HSBC will be bringing 1000 more jobs to the city upon completion of its new 9.2 acre UK headquarters at 2 Arena Central in 2019. The Midlands is currently the UK’s fourth biggest financial services hub behind the South East and North West but HSBC’s move will bring the Midlands closer to ranking third.
Upcoming developments such as HS2 and expansions at Birmingham Airport will no doubt add to the economic growth within the region, with the West Midlands Combined Authority setting a target for 500,000 new jobs within the West Midlands within the next 15 years.