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News Release

Birmingham

JLL's Midlands Chairman comments on 2013 Budget announcement


Birmingham, 20th March, 2013 - Jan Thompson, Jones Lang LaSalle's Birmingham-based Midland chairman welcomed the £3 billion spending on infrastructure and acceptance of a single pot for local enterprise but he stated again the key questions on everyone's lips are how much will Whitehall release to allow the LEP's to proceed and when?

"I think we are all disappointed that the budget contained no news on how the government would allocate resources to regional LEPs, through the Heseltine Review.  These proposals will be a real game-changer for the West Midlands, and there are clearly internal battles going on in Whitehall as confirmed by Heseltine in terms of the size of the pot,” said Thompson

“Until this is decided, the LEPs for Greater Birmingham & Solihull, and for the Black Country remain uncertain about when they can begin to implement their ideas for growth and make them a reality.  And if you put this into context, we see that last month, of the 576 infrastructure projects highlighted by the government only seven have been completed. The country needs these schemes to be delivered and not log-jammed inside Whitehall.”

On a positive note, however, I was pleased to hear of tax incentives for low-carbon vehicles. "This is specially good news for JLR's £500m engine plant at Wolverhampton's i54 business park will focus on low-emission power plants."