Councils have been urged to step up a gear in the fight against business crime.
West Midlands Business Council's Regional Business Crime Forum chairman Mike Cherry, said the problem was costing the West Midlands £14,000 per hour.
Councils had to "play their role in fighting back against the criminals". In particular, councils needed to take notice of new Government advice that businesses were fully consulted on the fight against crime, and information on the issue be shared. He also urged them to bid for money from the Government for crime prevention funds.
"With business crime holding up the economy and holding back the creation of jobs, it is time to step up a gear in the fight against it," said Mr Cherry. "Last year, we urged councils to consider taking action against business crime - and we gave advice about how this could be done. This year, we are calling for definite action to happen."