The mayor will make the call at the West Midlands Growth Summit in Coventry, where Business Secretary Jonathan Reynolds will also address business leaders, as regional and national government set out new measures to turn British innovation into companies, production and jobs at home.

In a major speech, Mr Parker will argue that Britain has become too comfortable celebrating invention and research without doing enough to ensure the businesses, factories and supply chains that follow are built here.

 “Good ideas aren’t enough,” says Parker. “The economic prize comes when you can take an idea, build a company around it, scale it and make it here.”

He will position the West Midlands as uniquely placed to bridge that gap.

Pointing to the region’s industrial heft and advanced innovation, Mr Parker will argue that the West Midlands should be driving the country’s new phase of industrial growth: “Britain’s first industrial age started here. If Britain is serious about building the next one, this is where it should start.”

He will challenge the region to think bigger, asking “why shouldn’t the next great global manufacturing company start in Tipton, scale in Coventry, and go global from Birmingham?”

The mayor will cite Danish pharmaceutical giant Novo Nordisk – the company behind Ozempic – as an example of the scale of impact the West Midlands could easily achieve. 

And he will point to Coventry, where the Summit is being held, as evidence that this next industrial age is already beginning.

He will highlight Lawton Tubes, manufacturing specialist copper pipes used to carry oxygen to patients in hospitals; Aurrigo, developing and manufacturing autonomous vehicle technology for airports around the world; and Maeving, designing and building electric motorcycles in the city.

The mayor will argue that these businesses demonstrate the opportunity for the West Midlands - combining its existing manufacturing expertise with new technologies to build companies that can grow, export and create jobs here.

The intervention comes as the mayor publishes the West Midlands Reindustrialisation Blueprint, setting out how the region intends to turn more research and innovation into companies that scale, manufacture and employ people in the West Midlands.

The mayor and business secretary will also unveil a series of investments and initiatives intended to put that argument into practice, supporting manufacturers to cut costs, helping workers move into growing industries and backing companies to take new technologies into production.

They include more than £12 million of combined public and private investment through DRIVE35 to support Longbow Motors, Birmingham manufacturer Brandauer and PAB Coventry, alongside a new Battery Manufacturing Taskforce, Talent Transition Pilot and a further £18.4 million for the Business Energy Advice Service.

During the Summit in Coventry, Business Secretary Jonathan Reynolds will announce a series of measures alongside the mayor.

Speaking ahead of the event, he said: “The West Midlands is at the forefront of our mission to reindustrialise, and this plan shows why. Through our Modern Industrial Strategy we’re supporting our manufacturing heartlands like the West Midlands, backing local leaders to create jobs and prosperity.

"I want to thank the Mayor of the West Midlands for his leadership and ambition for the region, and I look forward to working with him to deliver on his plan.”

Mr Parker added: “Good ideas aren’t enough. Britain has often been very good at the invention and the research, then watched as the production, jobs and value were created in Europe, America or China.

“The economic prize comes when you can take an idea, build a company around it, scale it and make it here. This is the region best placed to do exactly that.

“We want companies to grow here, production to happen here and the value created by that success to stay here.

“Britain’s first industrial age started here. If Britain is serious about building the next one, this is where it should start again.”