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West Midlands business review of 2022 - part one: airport gigafactory, MasterChef on the move and Dragons' Den success

Our West Midlands Review of the Year kicks off with the approval of a huge new battery plant at Coventry Airport, a hit BBC show coming to Birmingham and success for fledgling chocolate maker

Clockwise from top left: Green light for gigafactory, MasterChef on the move, cash injection at Black Country Living Museum and design team appointed at Smithfield

As the clock struck midnight and ushered in 2022, who could have predicted we would finish the year with a new Prime Minister and a new monarch?

What started with yet another covid-19 lockdown, albeit a mercifully brief one, ended as one of the most seismic and memorable in British history, with Birmingham and the West Midlands playing their part by hosting a hugely successful Commonwealth Games in the summer.

Here, Midlands business editor Tamlyn Jones rounds up some of the key headlines from across the region in our four-part Review of the Year, kicking off with the first quarter of 2022.

The review starts with the news that an ambitious £2.5 billion project to build a huge new gigafactory in Coventry took a major step forward in January when two local councils backed the proposals in the same week.

WEST MIDLANDS BUSINESS NEWS REVIEW OF 2022

The planned development site at Coventry Airport spans both Coventry and Warwick so it was left to the two councils' respective planning committees to thrash out the issues before awarding consent.

It will have 5.38 million sq ft of space where batteries for electric vehicles will be manufactured and also recycled, creating in the region of 6,000 jobs and providing a massive boost to the wider Midlands economy. Work has since been ongoing behind the scenes to secure a financial backer so construction can begin.

Warwickshire County Cricket Club reported its latest financial results which showed losses had fallen dramatically but the club remained in the red as it battled back from the impact of the covid pandemic.