Archive of Midlands Business Insider
Issue - February 2012
In the latest edition we take a look at the role of financial directors in Midlands businesses. We also feature a review of the region’s plcs and our regional review focuses on Birmingham.
It may be two years before enterprise zones get under way but the concept is already attracting serious interest from the global financial community. Several banks (British and overseas) and a consortium have already approached the Greater Birmingham & Solihull local enterprise partnership (LEP) about providing future finance streams.
The image of a finance director (FD) sitting in the corner of the board room, tapping his calculator and explaining why the managing director’s latest initiative may just be a step too far has been consigned to the last century. And it’s a
good thing. The last thing you need in this prolonged period of austerity is a finance director with the countenance of Ebenezer Scrooge wielding a cattle prod.
The government’s announcement that the HS2 line will go ahead has brought relief and joy to the Birmingham business scene. Whereas before businesses in Birmingham and the wider West Midlands have had to tell clients they face a tiresome and slow trudge on an outdated line if they want to come to the city from London, now they can say: “I’ll see you in an hour.”