Not only are the three principal towns of Bromsgrove, Redditch and Kidderminster innovation hubs with a reputation for consistently producing remarkable start-ups, but they're also home to a number of multinational and globals firms. In fact, Bromsgrove has the highest number of start-ups in the country in the first quarter of 2016!
According to the 2017 edition of the Worcestershire Growth Barometer produced by BDO, of the top 50 fastest growing companies in Worcestershire, 60% are from the north of the County. Read the 2017 Worcestershire Growth Barometer Report.
The economic structure of North Worcestershire boasts also a significant tourism industry, particularly in the Wyre Forest district. A further feature of the North Worcestershire economy is its concentration of manufacturing employment. In 2012 the area had in aggregate 18,400 manufacturing jobs - more than the cities of Liverpool, Manchester and Stoke-on-Trent combined!
North Worcestershire has 850 companies in production/manufacturing sector. This categorisation includes automotive, low technology and advanced engineering, aerospace, polymers, food, textiles, components, semi-finished and finished goods. There is a prevalence of fabricated metal product and machinery manufacture in Redditch but also some less obvious production, such as food manufacture in Bromsgrove and Wyre Forest.
Innovation and entrepreneurship
The area is home to some well-known indigenous brand names such as Harris Brush (Bromsgrove), the Head Office of GKN Group (Redditch) including GKN Aerospace, reportedly one of the largest first tier suppliers to the global aviation industry, Brintons Carpets (acquired in 2013 by an American Group) (Kidderminster) and Victoria Carpets (Kidderminster).
Morgan Advanced Materials, a high tech manufacturer of ceramic components in Stourport-on Severn, recently announced the creation later this year of a 'global materials centre of excellence' for structural ceramics materials and applications, serving as a hub for academic collaboration with key university faculties worldwide, and a focal point for R&D with raw material suppliers.