In this episode, EG's Office Politics meets Andy Street, West Midlands Mayor. Street discusses the importance of storytelling for mayors, his career at John Lewis leading to regional politics, and why Liz Truss may still be right. The podcast covers topics such as investment and development in Birmingham, leveling up funding and fiscal devolution, building a self-sufficient economy, thriving tech sectors and decarbonization challenges in the West Midlands, and implementing sustainable decarbonization in the residential sector.
The West Midlands is experiencing a significant increase in investment, attributed to talented people, excellent R&D, and a focus on critical growth sectors such as advanced engineering and digital.
Retrofitting homes to achieve net-zero targets in the West Midlands requires public-private partnerships, financial institution involvement, and a stronger push for sustainable solutions, with the private sector playing a crucial role in driving necessary changes.
Deep dives
Investment and Opportunity in the West Midlands
The podcast episode discusses the West Midlands' attractiveness to investors and developers. The region has seen a 48% increase in investment compared to the previous year, attributed to talented people and excellent R&D from local universities. The focus is on developing critical growth sectors such as advanced engineering, digital, and med tech. The episode emphasizes the importance of skilled workforce and technical education in these areas. The West Midlands is also making progress in housing development, with a particular emphasis on affordable housing and regeneration of brownfield sites. The role of transport infrastructure in driving housing schemes and overall regeneration is highlighted. The episode concludes with a discussion on the move towards fiscal devolution, with a focus on business rates and raising local revenue.
Challenges and Progress in Retrofitting Homes
The podcast delves into the challenges and opportunities in retrofitting homes to achieve net-zero targets. The West Midlands aims to retrofit 300,000 homes by 2041, but current funding is insufficient. The episode emphasizes the need for a public-private partnership and financial institution involvement to drive the retrofitting process at scale. The information provided to homeowners and renters regarding options and choices for energy-efficient upgrades is considered insufficient, suggesting the need for a stronger nudge towards sustainable solutions. The episode also highlights the importance of the private sector's involvement in driving the necessary changes in the residential sector.
Repurposing Office Buildings for a Sustainable Future
The podcast explores the challenge of repurposing office buildings in the West Midlands to meet sustainability goals. With several hundred buildings falling into low-energy performance categories, there is a need to decide how to manage and repurpose these structures. The episode mentions the market demand for refurbished, carbon-captured office spaces, which pushes occupiers and landlords toward sustainable options. The discussion suggests that occupier choices and growing awareness of embedded carbon drive the market. While the specific approach to managing the transition is still under development, there is a positive trend towards refurbishment and sustainability in the office sector.
Unity and Confidence for Regional Progress
The podcast highlights the importance of unity and confidence in driving regional progress in the West Midlands. The episode reflects on the region's shift towards a more collaborative and optimistic approach to tackling economic challenges. The emphasis is on playing as a team, working together, and having confidence in the potential for improvement. The episode praises the West Midlands' transformation into a place that believes it can achieve better outcomes. While acknowledging the work that still needs to be done, the podcast concludes on a positive note, reflecting on the region's growth and the determination to continue making a difference.
On the latest episode of the politics and property podcast, EG senior writer Piers Wehner and former housing minister Mark Prisk meet West Midlands Mayor Andy Street.
Street tells the team why a mayor has to be a good storyteller, why a career at John Lewis proved a perfect route into regional politics and why Liz Truss may still be right. In part. Sort of.
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode