Prosperity thrives in the West Midlands thanks to highest growth in GDP per capita in all of the UK.

The West Midlands increased its GDP per capita by 11.5% since the 2015 study, which was the highest of all UK regions.

The region’s SMEs continued to perform well, average turnover increased by 3% across the region and this growth was equal to that seen in London at 7%.

The West Midlands was one of only five regions where the number of millionaires remained static at 32,000 as reported in 2015. The majority of UK regions had a slight reduction in the number of millionaires.