The West Midlands new regional development agency, Advantage West Midlands, has set itself the clear aim of diversifying the local economy into high technology.
It is a laudable aim because for too long the region has talked about it without really getting anywhere.
And the world of corporate finance can help in this quest rather more than might at first be thought likely.
For financiers are continually reinventing the industrial and commercial landscape, with a deal which consolidates 'old industry' here and expansion aid which supports the development of 'new industry' there.
Birmingham of course missed out on the microelectronics boom thanks …