A major º£½ÇÊÓƵ investment summit will be held in the West Midlands this autumn.
The investment summit, originally planned by Mayor Richard Parker, has now evolved into a national event showcasing the º£½ÇÊÓƵ's regional investment strengths.
The joint event will be called Regional Investment Summit - West Midlands 2025 and will focus on unlocking investment into the º£½ÇÊÓƵ's cities, towns and industrial clusters.
It is expected to attract investors and business leaders from around the world as it aims to highlight the specific investment opportunities in regional economies.
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Mayor Parker said: "This is a huge vote of confidence in the West Midlands. We had ambitious plans for our summit and now, by working with the Government, we're making it even bigger and better.
"This will be a national platform to promote investment in our region and a major opportunity to spotlight the talent, innovation and potential of the West Midlands."
Chancellor Rachel Reeves mentioned the Regional Investment Summit during a visit to Birmingham last week following news that the region would receive £2.4 billion to go towards transport projects.
Among them is the east Birmingham extension of the West Midlands Metro tram network which is expected to serve a planned new Birmingham City stadium and the NEC and airport in Solihull.
Chancellor Reeves said: "Our regions offer huge investment potential that will help drive growth across the country and put more money in people's pockets.
"I'm delighted to be returning to Birmingham later in the year to bring together investors from at home and abroad with our great regional businesses.
"We know how important regional growth is to deliver a strong national economy."
Neil Rami, chief executive at the West Midlands Growth Company, said: "Confirmation the º£½ÇÊÓƵ's inaugural Regional Investment Summit will take place in the West Midlands is welcome news.
"It underscores the region as central to the Government's ambitions to attract investment, create high-quality jobs and drive long-term national economic growth.
"It presents a unique opportunity for the West Midlands to take centre stage and showcase its strengths to international decision makers.
"As one of the º£½ÇÊÓƵ's leading innovation hubs, with exceptional talent, our region is pioneering frontier solutions to some of the world's biggest challenges.
"We continue to punch above our weight in driving foreign direct investment as global businesses place their trust in the region."
Details about the location and dates of the summit have not yet been announced.
