The West Midlands is set to benefit directly from elements of today's Autumn Budget.
Chancellor Rachel Reeves put an end to months of rumours and reports and confirmed that new high-speed rail line HS2 would travel all the way into London Euston station.
There had been talk of the high-speed line ending at a new station in Old Oak Common, west London, before switching to conventional tracks to continue its journey into Euston.
The full high-speed line of phase one will now be built between Curzon Street in Birmingham, Interchange in Solihull east of Birmingham Airport and the two stations in the capital.
Autumn Budget 2024: West Midlands business leaders react
The Chancellor also said the Black Country extension of the West Midlands Metro would also be built.
The new line is currently being extended from Wednesbury to Dudley town centre but another section running to Brierley Hill and the Merry Hill centre will definitely go ahead after suggestions it might not be funded.
Other facets of the Autumn Budget which are set to benefit the region include shares of £1 billion to protect bus routes, £500 million for the Affordable Homes Programme and the £240 million 'Get Britain Working' package.
There will also be further support for the region's Innovation Accelerator to develop cutting-edge green and medical technologies and an integrated settlement alongside Greater Manchester in April expected to be worth hundreds of millions of pounds.
The exact figure will be announced in the coming weeks.
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West Midlands Mayor Richard Parker said: "My goals are simple - real jobs, affordable homes, economic growth and better public transport for the people of the West Midlands.
"Today's Budget will help deliver those local priorities and is great news for the West Midlands, helping us build a solid platform for future growth across our region.
"It will provide money to improve and protect our public transport and for the construction of more affordable homes, echoing my own target to build 20,000 new social homes for those people who need them most.
"I will now work closely with government departments and our local authorities on how best to use the resources available to secure the maximum benefit for the people of our region."
