Companies in the Midlands are growing faster than in the rest of the country, which is seeing a slowdown.
According to the government's manufacturing advisory service, two thirds of firms have increased turnover in the last six months - and most of them say that trend will continue this year.
Our Business Correspondent Mark Gough reports.
Councillors have tonight given the green light for more than 1,500 homes to be built just outside Market Harborough in Leicestershire.
They are still discussing plans for two others sites earmarked for 600 homes.
The leader of Harborough District Council told ITV News Central the development would bring huge economic benefits.
But campaigners say the town wouldn't be able to cope with the increase in the number of new residents.
The National Police Air Service has confirmed plans to move to a 15 base model, choosing to close 5 bases in order to make budget savings.Read the full story ›
Work is expected to begin in the summer on an £80 million pound residential scheme in the Jewellery Quarter after plans were submitted.
It will be built across a six-acre plot as part of the St George's Urban Village scheme.
It encompasses the Kettleworks and land up to the Perry Beeches School, and will see more than 600 homes created across land which has stood idle for years.
They are the largest residential plans to be approved for the area in over a decade.
After last week's English Defence League protest, Dudley Council decided to open up the town centre today for an extra day of business.
A special fun day was held to encourage shoppers back to the centre by offering free parking and letting market stall holders trade free of charge.
Phil Brewster reports.
Dudley Councillor Judy Foster told ITV News Central, that today's Fun Day was about enabling businesses who were forced to close during the EDL protest, to make up for their losses.
Read more: EDL demonstrations in Dudley
Dudley Council is holding a 'Fun Sunday' event to boost trade to businesses who lost customers last weekend, due to the EDL march in the town centre.
As part of its 'Love Your Community' campaign, Dudley Council is encouraging businesses to open today to make up for the disruption.
To celebrate the day, which coincides with half-term, the Council is putting on free children's entertainment, removing car parking charges and offering the market stalls free of charge.
The day will run from 11.00 am until 3.00 pm.
It’s a real kick in the teeth when people from outside come here and disrupt local businesses.
We want to do what we can to help traders re-coup their losses.
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.”