“Government support for HS2 is fantastic news for the West Midlands. The decision to proceed with HS2 recognises its importance in kick-starting widespread regeneration schemes that are transforming the economic landscape of this region, and across the UK.

“Even during its earliest stage of development, HS2 has helped to reinforce the West Midlands’ reputation as a globally competitive destination for business and investment. Its scale and ambition has helped the region to attract a range of companies here, such as HSBC UK, Balfour Beatty VINCI, and WSP UK.

“With HS2 expected to boost the West Midlands economy by £14 billion, it will change our business environment for the better. The region is also home to the UK’s first multi-city 5G testbed, and is about to host the 2021 City of Culture and 2022 Commonwealth Games. With so many milestones on the horizon, the coming decade will showcase the West Midlands as a global hub for innovation and opportunity.”