The GMB Union says they're pleased Birmingham City Council intends to honour equal pay settlements for women but is concerned about jobs and costs for users if the NEC group is sold off. The council says it can't afford to invest in the complex and help it grow.
Birmingham City Council has announced it is selling off the NEC group. The council, which is facing a £1.1 billion bill for equal pay settlements, says it wants to ensure its existing uses are preserved.
The venue is one of the biggest exhibition centres in Europe and also houses the 16 thousand seat LG Arena which hosts concerts and conventions.
Watch Callum Watkinson's report on the council's decision to put one of the city's best-loved assets up for sale.
Calling today's announcement "historic", Council leader Sir Albert Bore said the sale was necessary for the venue and events company to grow.
"The NEC Group has reached a point in its evolution where it needs to be able to adopt the financial disciplines of a private, rather than council-owned company," he said.
Birmingham City Council is putting the NEC Group up for sale. The group includes the National Exhibition Centre, the International Convention Centre, the National Indoor Arena and the LG Arena.
It is claimed the group brings in four million visitors and £2 billion to the region every year, and supports 30,000 jobs.
Birmingham City Council have announced they will be reviewing their ownership of buildings within the NEC Group, including the National Exhibition Centre (NEC), the National Indoor Arena (NIA) and the LG arena, in a bid to ease budget challenges.
The LG Arena alone boasts a capacity of up to 14,000 people. But after a review of their commercial holdings, the council may still decide to sell the venues to private buyers.
The council has disposed of assets to the value of £76m over the past two years consisting mostly of excess land and office accommodation.
A woman has baked a "life-sized" Johnny Depp cake for the Cake International competition in Birmingham.
Amateur baker Lara Clarke, from Brownhills in the West Midlands, made the cake in the form of the actor's famous character Jack Sparrow for the large decorative exhibit section of the competition.
Cake International is taking place at the Birmingham NEC today. This year it includes a cake baking competition with 700 entries. Take a look...
TV presenter, Melanie Sykes, will open the Motorhome and Caravan Show today at the NEC in Birmingham.
The event will give manufacturers the opportunity to showcase new models, with 700 expected including caravans, motorhomes, camper vans and conversions.
The event is on at the exhibition centre until Sunday, which will also see special vintage restored caravans from the 1960s and 1970s.
Athletics champion Dame Kelly Holmes will be the guest speaker at the Woman of the Year Awards today.
The ceremony, to be held at the NEC in Birmingham, honours the achievements of women in business.
She said she was delighted to be involved in the event.
"I find award ceremonies such as this hugely inspiring because every nominee will have a fantastic story to tell of the obstacles they have had to overcome,” she said.
“I will be talking about my own experiences and encouraging everyone not to be afraid to follow their instincts and to take a chance.
“I am sure it will be a fantastic event with hundreds of businesswomen who are working extremely hard to turn their ambitions into reality. I know I will be inspired further by hearing their own experiences.”
The 31st annual Vitalise Woman of the Year Awards will be held in Birmingham later today.
The luncheon, to be held at the Hilton Metropole at the NEC, celebrates the achievements of women in business. It will be hosted by former ITV Central presenter Arti Halai.