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West Midlands Combined Authority company logo
Government
wmca.org.uk

Investments

2

Funds

1

Partners & Customers

8

About West Midlands Combined Authority

The West Midlands Combined Authority is a combined authority for the West Midlands metropolitan county in England. It includes businesses, local councils, and education leaders, created to deliver an ambitious plan to drive inclusive economic growth in the West Midlands region and build a healthier, happier, better connected, and more prosperous population. The company was founded in 2016 and is based in Birmingham, U.K.

Headquarters Location

West Midlands Combined Authority, 16 Summer Lane

Birmingham, England, B19 3SD,

United Kingdom

0345 303 6760

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Latest West Midlands Combined Authority News

Wolverhampton factory doubles in size thanks to WMCA investment

Feb 23, 2024

A family-run Black Country manufacturer has moved and doubled the size of its factory, following a £7.59m investment from the West Midlands Combined Authority (WMCA), Drywall Steel Sections, which has invested alongside the WMCA into the wider £13m scheme, has moved to a new 39,850 sq ft factory built on four-and-a-half acres of brownfield land in Ettingshall, Wolverhampton. The firm was previously based in Cradley Heath, Dudley, for more than ten years but had outgrown the facility, which was also no longer fit for purpose for its modern production methods. The factory manufactures light gauge steel framing for the construction industry (including modular housing), as well as steel products for wall partitions and ceilings. It also has an engineering department, DrySpec, which specialises in designing and detailing steel framing for a vast range of buildings across the country. The WMCA’s investment has been used in part to cover the costs of dealing with several historic mine shafts on the site off Spring Road and making it fit for redevelopment. The site had stood vacant since 2008 after luxury car maker Rolls Royce ceased using it. The investment is the latest to be made by the WMCA as part of its nationally leading ‘brownfield first’ regeneration programme. The programme helps unlock and transform former industrial land by cleaning it up in order to create more jobs and high quality affordable homes. The total investment of the scheme also includes the construction of the G5 Industrial Park, a collection of 17 commercial starter units totalling 44,100 sqft. These units are perfectly sized and located for small and medium sized enterprises (SMEs) to move into. It is expected to be home to around 150 new jobs once occupied. Andy Street, Mayor for the West Midlands, and Chair of the WMCA, said: “I was here 12 months ago to watch work start on Drywall’s new factory so it’s exciting to be back and see them up and running in their new home. “Manufacturers like Drywall are incredibly important to our regional economy which is why we use the money we secure from government to support those businesses who want to grow and generate new jobs for local people." Drywall Steel Sections Ltd is part of a family-owned group of companies set up by Rajinder and Sunita Gupta more than 20 years ago. Since joining the business six years ago, their son Mayank has taken over as the managing director, and the firm is seeing new growth through fresh vigour. Mayank Gupta, who previously worked in television production management and the financial sector before joining the family firm, said: “We are proud to bring Drywall Steel Sections Ltd’s headquarters back to our home city of Wolverhampton. “Our new headquarters is equipped to handle significantly more manufacturing capacity with a much more efficient production process, allowing us to remain competitive in the market. Alongside our family investment, we are most grateful to the WMCA for its support in unlocking this brownfield site." Chris Garratt started out at Drywall ten years ago and is now an Operations Manager. He said: “I used to work for [Mayank’s] dad first so that’s how I came to work for the business. Mayank was called after to help his dad take the business to another level, four or five years ago, and fortunately we hit it off and could bounce ideas off each other. “I’ve always enjoyed it’s a family business first and foremost. I’ve had a lot of say in the decisions here. It’s great to feel like we are starting again by moving into the new premises.” Explore these topics

West Midlands Combined Authority Investments

2 Investments

West Midlands Combined Authority has made 2 investments. Their latest investment was in Citizen as part of their Grant - II on December 11, 2023.

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West Midlands Combined Authority Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/11/2023

Grant - II

Citizen

$2.64M

Yes

2

9/20/2019

Grant

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$99M

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10

Date

12/11/2023

9/20/2019

Round

Grant - II

Grant

Company

Citizen

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Amount

$2.64M

$99M

New?

Yes

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Co-Investors

Sources

2

10

West Midlands Combined Authority Acquisitions

1 Acquisition

West Midlands Combined Authority acquired 1 company. Their latest acquisition was CAF Group on October 17, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/17/2019

$99M

Acquired

1

Date

10/17/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

West Midlands Combined Authority Fund History

1 Fund History

West Midlands Combined Authority has 1 fund, including West Midlands Co-investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

West Midlands Co-investment Fund

1

Closing Date

Fund

West Midlands Co-investment Fund

Fund Type

Status

Amount

Sources

1

West Midlands Combined Authority Partners & Customers

8 Partners and customers

West Midlands Combined Authority has 8 strategic partners and customers. West Midlands Combined Authority recently partnered with Microsoft on August 8, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

8/9/2022

Vendor

United States

West Midlands Combined Authority and Microsoft enter digital skills partnership

West Midlands Combined Authority and Microsoft enter digital skills partnership

1

11/30/2021

Partner

United Kingdom

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10

11/23/2021

Partner

United Kingdom

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10

5/13/2021

Vendor

United Kingdom

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10

3/17/2021

Partner

United Kingdom

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10

Date

8/9/2022

11/30/2021

11/23/2021

5/13/2021

3/17/2021

Type

Vendor

Partner

Partner

Vendor

Partner

Business Partner

Country

United States

United Kingdom

United Kingdom

United Kingdom

United Kingdom

News Snippet

West Midlands Combined Authority and Microsoft enter digital skills partnership

West Midlands Combined Authority and Microsoft enter digital skills partnership

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Sources

1

10

10

10

10

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