Industrial Sector Still Has Plenty of Life Left; New Research by HSBC Commercial Banking Names Seven Cities Poised to Drive Manufacturing Growth and Job Creation over the Next Decade. Unfortunately, Birmingham Isn't One of Them. but Martin Guest, Managing Director of the Birmingham Office of CB Richard Ellis, Says Rising Demand for Industrial Space Suggests There Is Life in the Region's Manufacturing Sector Yet

The Birmingham Post (England), July 14, 2011 | Go to article overview

Industrial Sector Still Has Plenty of Life Left; New Research by HSBC Commercial Banking Names Seven Cities Poised to Drive Manufacturing Growth and Job Creation over the Next Decade. Unfortunately, Birmingham Isn't One of Them. but Martin Guest, Managing Director of the Birmingham Office of CB Richard Ellis, Says Rising Demand for Industrial Space Suggests There Is Life in the Region's Manufacturing Sector Yet


Byline: Martin Guest

The Midlands is the birthplace of industry, so HSBC's survey predicting a manufacturing renaissance should have made welcome reading around the region.

Regrettably, the research named seven cities that would drive the recovery - Bristol, Glasgow, Newcastle, London, Leeds, Brighton and Liverpool - but no mention of Birmingham.

The city's absence is striking, not least because some of our manufacturers have seen a significant upturn in their fortunes. For example, Jaguar Land Rover has staged a remarkable turnaround under Tata Motors, reporting record profits of more than pounds 1bn this year. The company has increased vehicle output by 26 per cent since its acquisition from Ford, with demand for parts trickling down its Midlands supply chain.

Looking at the manufacturing industry as a whole, although low levels of consumer confidence at home have impacted on the demand for products, the depreciation of the pound and low interest rates have compensated - much of Jaguar's success has been export driven, with increased demand from India and China in particular.

As a result, according to the manufacturers' organisation EEF's latest 'Manufacturing Outlook' survey, manufacturing has shown six consecutive quarters of growth. As a sector, manufacturing accounts for 13 per cent of the total economy. However, it is currently responsible for one quarter of growth. Further growth is set for 2012, with many manufacturers reporting their intentions to invest more in their businesses.

While there is no point in pretending that the picture is all rosy - manufacturing has undoubtedly been hard-hit during the recession and there are sectors which may never recover - Birmingham and the Midlands has not fared as badly as many pundits expected.

Many thought the collapse of MG Rover in 2005 sounded the death knell for the city and the region's car industry, but with MG's renaissance led by Shanghai Automotive Industry Corporation, the reversal of fortunes at Jaguar Land Rover, and now talk of China's stateowned car maker First Automobile Works opening a plant here, the automotive sector has proved more resilient than many anticipated.

As a property business, we have witnessed at first hand the rising demand for new space from manufacturers. In recent years, take-up has been dominated by retailers and third party logistics operators, but our industrial team is now reporting increased interest from manufacturers, particularly those supplying the car industry. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Industrial Sector Still Has Plenty of Life Left; New Research by HSBC Commercial Banking Names Seven Cities Poised to Drive Manufacturing Growth and Job Creation over the Next Decade. Unfortunately, Birmingham Isn't One of Them. but Martin Guest, Managing Director of the Birmingham Office of CB Richard Ellis, Says Rising Demand for Industrial Space Suggests There Is Life in the Region's Manufacturing Sector Yet
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.