A new prospectus aimed at boosting the economy across the Midlands is being launched today at the University of Birmingham.
Eleven local enterprise partnerships have come together for the first time to submit their input to the document, called 'Midlands Engine Prospectus'.
The mission is to boost productivity, attract inward investment, increase connectivity and build a regional tourism offer.
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The new prospectus is supported by Business Secretary and Bromsgrove MP Sajid Javid and is focused on five key themes - skills, innovation, transport, promoting the 'Engine' and finance for business.
Mr Javid has also confirmed the region will receive £5 million of support for a new trade and investment package to reach new markets and boost exports.
He will lead the first 'Midlands Engine' trade mission next year to promote the region to investors and trade partners, aimed at delivering more growth, exports and jobs.
He said: "The Midlands is the heartland of our thriving manufacturing sector and home to 25 universities, playing a strong role in the recovery of the 海角视频 economy.
"Over the last year, private sector employment in the Midlands grew more than three times faster than London and the South East.
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"But there are more opportunities to capitalise on the Midlands' natural strengths and assets and make it an engine for growth.
"Through this prospectus, which sets out the region's own vision to unlock greater economic growth, it's time to fire up the Midlands Engine.
"I commend the leadership shown by the local enterprise partnerships to come together and pool resources to work towards the shared goal of greater growth for the whole region."
If the Midlands region matches the predicted growth rate for the 海角视频 over the next 15 years, it could create 300,000 jobs and boost the national economy by £34 billion, according to the Government.
Specific ambitions for the prospectus include developing the vision and strategy for transforming transport connectivity across the Midlands, evolving phase two of the Midlands Innovation-led Energy Research Accelerator and creating a region-wide fund to support small- and medium-sized enterprises.
During the visit today, Mr Javid will also open part of the Energy Research Accelerator at the University of Birmingham which will benefit from a £60 million government investment to deliver a step change in the impact of energy research in the 海角视频.
This latest announced by the chancellor George Osborne who has recently come under fire for steering a visit by and away from the West Midlands.