Role of economic regeneration

Economic regeneration, through increasing employment, encouraging business growth and investment, as well as tackling economic disadvantage generally, is an important activity for this Council and its partners.

The Council has a duty to deliver economic well being which is achieved through partnership with a number of organisations. It has come together with Job Centre Plus, the Learning and Skills Council, Local Businesses and the Black Country Chamber and Business Link to achieve the aims outlined below.

Our economic aims are simply to:

• improve the wealth creating capacity of the area.
• improve access residents have to the wealth created.
• keep as much wealth as possible within the area.

Intelligence and information

Accurate and up to date analysis and data is a prerequisite to effective economic development within the City as it informs policy development and is essential for identifying priorities.

Robust data at the local level is also essential in the bidding process for a variety of national and European funding programmes. These programmes also require such data at the local level for effective monitoring. Potential inward investors also regularly request such information.

The Office for National Statistics provides a number of statistics and data in relation to Wolverhampton.  It is possible to view the latest Labour Market Profile for Wolverhampton on the site which contains information on the population, unemployment levels and employment data for the City.

Another good source of data on the local economy is the Black Country Observatory.  The Black Country Knowledge area of the site provides you with interactive access to a wide range of information and statistics on the Black Country and its local communities.

For further information, any queries or if you wish to provide feedback, please contact the Economic Development Team.