The Chairman of the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) says he's disappointed at the decision to reject plans for a new business development at Coventry Airport.
The plans for a major technology park on green belt land were put forward several years ago.
Supporters said the site would generate thousands of jobs, but local campaigners lodged strong objections.
After months of delays, Communities Secretary Eric Pickles has rejected the application.
Sir Peter Rigby, founder, CEO and Chairman of the Rigby Group and Chairman of the CWLEP.
But campaigners who were against the development such as Mark Symes, are pleased with the decision to preserve the surrounding green belt land.
Mark Symes, Anti-development Campaigner.
The multi-million pound Coventry Gateway development which would have created thousands of jobs has been rejected by the government.
Eric Pickles, the Secretary of State for Communities and Local Government, turned down plans to develop the 700 acre site around Coventry Airport, that could have created up to 10,000 jobs.
The Coventry and Warwickshire Gateway plans aimed to develop an area of 741 acres to the north, east and south of Coventry airport. Plans for the development included a major new technology and manufacturing and distribution park.
The decision has been criticised by Coventry City Council’s Cabinet Member for Business, Enterprise and Employment, Kevin Maton.
The scheme, put forward by Coventry and Warwickshire’s Local Enterprise Partnership had the potential to provide a real boost to the local economy, and I’m amazed the Minister couldn’t support the plans.
It’s particularly disappointing news, given that the Secretary of State for Business, Innovation and Skills, Vince Cable was in the area just yesterday talking about the vital role the region and Coventry engineering expertise played in the economy nationally.
This scheme would have helped support further development of this expertise while creating thousands of jobs.
Meanwhile Geoffrey Robinson, the MP for Coventry North West, said: “I’m hugely disappointed by this decision.
"This development had the prospect of attracting thousands of jobs into our city, this is a real slap in the face for our City.”
A major expansion of Virgin Media's broadband network is set to bring 1,400 jobs to the Midlands ITV News Central has been told.
The jobs will be in construction, engineering, sales and support roles.
The expansion will see 6,000 jobs created across the country under the £3 billion plans, with 1,000 apprenticeships trained at Virgin's Birmingham headquarters.
The company, which is owned by US firm Liberty Global, has described the five year plan as the single biggest investment in broadband digital infrastructure in the UK for more than a decade.
Discount chain Poundland is set to take over its rival 99p Stores in a £55 million deal.
The 99p Stores brand, which also includes Family Bargains stores, boasted £370.4m in annual sales last year.
ITV News' Consumer Editor Chris Choi reports:
Family-owned 99p Stores was founded 14 years ago as a single shop, run by Nadir Lalani. It quickly expanded, adding three more stores that same year, and now runs a total of 251 shops across the country.
Poundland, based in Willenhall near Walsall in the West Midlands, has around 600 shops, including some in Spain and the Republic of Ireland. It is paying £47.5m in cash, plus £7.5m in new shares in the buy-out.
In an exclusive interview, the man who saved Jaguar Land Rover - the Indian billionaire Ratan Tata, has described a secret meeting in an airport hotel to secure the deal.
He said how he wasn't allowed to set foot in any of the factories while the negotiations were taking place and how Jaguar Land Rover will be staying and expanding in the Midlands.
Despite pumping £5billion into the business he says he's done very little to help the company - he just stood back and supported the workforce in doing what they do best.
He's been in the Midlands to open an engineering college and he spoke to Mark Gough.
Towns in the West Midlands have some of the highest number of empty shops in the country.
That's according to The Local Data Company, which monitors shopping centres and retail parks in the UK.
They found that Burslem in Staffordshire is the worst for vacant shops in England. Traders told ITV News Central more needs to be done to attract businesses to the area. Rajiv Popat reports.
Stoke-on-Trent City Council say the report confirms what they already knew from their own retail report last June.
It is a complex issue that is not going to be solved overnight and isn’t unique to this area.
Our regeneration strategy is about working closely with private sector partners, helping to create the space and conditions for businesses to thrive and focusing on the unique strengths of our individual towns.
At the same time we are striving to build commercial confidence in our transformed city centre and broadening our economic outlook beyond retail space in favour of more sustainable alternatives such as enterprise and educational usage.
Ambitious plans have been revealed to transform part of Birmingham city centre - in the hope it can become the next Canary Wharf.
The £600 million vision shows shiny office blocks rising around the 1980s built Snow Hill Station, as well as the remodelling of the A38.
It's hoped up to ten thousand new jobs could be created by revamping the area, as well as making it a more attractive place to live.
The city council hopes the money will come mainly from the private sector - but any building work could be a while off yet - as Chris Halpin reports.
Damaged cars including Land Rovers have been driven off the stricken carrier Hoegh Osaka in Southampton.
The 51,000-tonne ship has a cargo for 1,400 cars and 105 pieces of construction equipment worth a total of £60 million.
Of the 1,400 cars onboard, 1,200 were made by Coventry-based Jaguar Land Rover.
ITV News Meridian has filmed a number of damaged vehicles being removed today.
A debate on falling milk prices and the challenges faced by local dairy farmers will be held in Staffordshire today.
The event has been organised by the National Farmers Union which says the number of dairy farmers will continue to decrease unless market conditions improve.
Farmers have seen the price of milk fall to around 20p per litre - its lowest since 2007.
A Coventry Uni graduate who was so desperate for a job he took a sign to Waterloo Station is back there this time looking for employees!Read the full story ›