A Guide to Business in Birmingham A Guide to Business in Birmingham | Page 9

A guide to business in Birmingham Information technology and media Birmingham has a growing IT and creative media sector, accounting for £2bn GVA (Gross Value Added) (2), the second largest growth of all cities in the UK. The region is widely renowned for being a ‘hotspot’ for digital and e-commerce businesses, with over 1,000 businesses contributing over £18m to the local economy (7).  A £25m Digital Media Academy is a hub of regional knowledge and innovation, supporting leading players in the region including BBC, Codemasters, Blitz, Sega and CentreSoft.  Demand for commercial office space from the Telecoms, Media and Technology sector is growing quickly and is said to have accounted for 12% of leasing activity in Birmingham in 2012 (compared to 5% over the last five years) (3).  Birmingham Science Park, located on a site adjacent to Aston University and the Eastside area, is a particular hub for technology firms, with other clusters at Fazeley Studios, the Custard Factory and the Jewellery Quarter. This graph shows the popular business sectors in Birmingham. Source: payscale.com/research/UK/City%3DBirmingham/Tallies Commercial Property – Industrial Units, Office Space to Rent 9