The Black Country's new City Deal will create 1,500 apprenticeships in high-value manufacturing jobs, providing support for almost 3,000 long-term unemployed people in the area to help them find a job.
Speaking on behalf of the local authorities, Councillor Roger Lawrence, Leader of Wolverhampton City Council said:
The City Deal is an excellent example of how the Black Country’s public and private sector work together for the benefit of all. The changes that will come about as a result of the deal will make a real difference to tackling youth unemployment and providing the skills for the jobs of the future.
Chair of the Black Country LEP, Stewart Towe, said feedback from businesses suggests that assisting the growth of high-value manufacturing is critical to the prosperity of the Black Country.
More top news
Figures by the RAC have revealed a big difference in the cost of petrol across the Midlands.
The University of Warwick has made it in the top 100 of the Times Higher Education World Reputation Rankings.
A JustGiving page has been set up to raise money for the funeral of Samuel Garner from Leicester who was killed in a hit-and-run.