{"id":2119060,"date":"2026-11-05T06:00:16","date_gmt":"2026-11-05T06:00:16","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/westmidlands\/?p=2119060"},"modified":"2026-11-05T06:54:53","modified_gmt":"2026-11-05T06:54:53","slug":"coventry-punches-above-its-weight-in-advanced-manufacturing-barclays-research-finds","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2119060-coventry-punches-above-its-weight-in-advanced-manufacturing-barclays-research-finds","title":{"rendered":"Coventry punches above its weight in advanced manufacturing, Barclays research finds"},"content":{"rendered":"<p dir=\"ltr\">Coventry\u2019s share of high-growth advanced manufacturing companies is almost three times the national level, according to new research.<\/p>\n<p dir=\"ltr\">The Regional Clusters report from Barclays<a href=\"https:\/\/www.beauhurst.com\/research\/unlocking-growth\/\"> Eagle Labs and Beauhurst<\/a> identifies a \u201ctriangle\u201d of complementary strengths across Birmingham, Coventry and Leamington Spa, spanning electric vehicles, robotics and 3D printing.<\/p>\n<p dir=\"ltr\">The Coventry area has 219 high-growth advanced manufacturing companies, 2.8 times the UK concentration, along with specialisms in electric and hybrid vehicles and defence. The Birmingham area has 378, with further strengths in robotics and 3D printing, while Leamington Spa adds advanced manufacturing and electric vehicle expertise.<\/p>\n<p dir=\"ltr\">One business highlighted in the report is Coventry-based Volklec, which is developing battery technology for electric vehicle manufacturing and has received more than \u00a33m in equity investment and \u00a3800,000 in innovation grants.<\/p>\n<p dir=\"ltr\">The research also shows how connected the region\u2019s businesses are. Birmingham-headquartered companies frequently have subsidiaries or trading sites elsewhere in the region, with the strongest link to Dudley. There are 4,600 subsidiary and trading-address links between the two, around 6.6 times what would normally be expected.<\/p>\n<p dir=\"ltr\">Leamington Spa recorded annual growth of around 7% in the number of equity deals. If recent trends continue, the density of high-growth companies in both Birmingham and Leamington Spa could rise by more than 40% by 2035.<\/p>\n<p dir=\"ltr\">Richard Parker, Mayor of the West Midlands, said: \u201cManufacturing built the West Midlands, and it will play a critical role in our future prosperity too. This research highlights the strength of our industrial base and the growing concentration of businesses in high-value sectors such as electric vehicles, robotics and <a href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2117590-west-midlands-manufacturers-turn-to-defence-as-jlr-job-cuts-loom\">defence.<\/a><\/p>\n<p dir=\"ltr\">\u201cBut we\u2019re not taking anything for granted: my focus is on making sure that more of those businesses can start, grow and scale in the West Midlands.\u201d<\/p>\n<p dir=\"ltr\"><a href=\"https:\/\/www.thebusinessdesk.com\/westmidlands\/news\/2109030-paul-faulkner-joins-barclays-in-newly-created-executive-role-for-the-midlands\">Paul Faulkner<\/a>, vice chairman for the Midlands at Barclays, said: \u201cWhat stands out is the combination of specialist strengths across Birmingham, Coventry and Leamington Spa, alongside the wider business connections that stretch across the Black Country, Warwickshire and Worcestershire.\u201d<\/p>\n<p dir=\"ltr\">Nationally, the report warns that the number of high-growth companies that have raised one equity round but not a second could rise from around 7,900 in 2025 to around 13,900 by 2035 if recent trends continue.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coventry\u2019s share of high-growth advanced manufacturing companies is almost three times the national level, according to Barclays research<\/p>\n","protected":false},"author":284306,"featured_media":2119074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120782,7],"coauthors":[137138],"class_list":["post-2119060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-manufacturing","tag-coventry-and-warwickshire","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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