Bosses of Advantage West Midlands said they will be a hard act to follow at the body’s annual general meeting.
The regional development agency held its last AGM at its headquarters – a far cry from the lavish event at the ICC on Broad Street last year – and used it as an opportunity to highlight its successes in the region.
Chief executive Mick Laverty revealed the regional development agency – which will close down in 2012 – had delivered more than £8 for every £1 spent in the last year, and believes it will be hard to live up to.
RDAs are being replaced by local enterprise partnerships – which will feature prominent businesspeople and local authorities but will have far less resources.
Mr Laverty said: “We believe AWM will be a very hard act to follow but we would like to wish all the best to the businesses and local authorities.”
Mr Laverty also paid tribute to AWM staff, who have maintained a “can do attitude” in the face of closure
He said the body had delivered £800 million private sector investment and safeguarded 17,000 jobs and created 2,000 jobs across the year.