Liberal Democrat Leader Vince Cable has called for a "renaissance of manufacturing" and a massive injection of infrastructure investment in the Midlands, in a speech today at his party's Autumn conference.
The former Business Secretary will warn that the UK economy remains overly reliant on property markets and banks in London and the South East.
He will then set out policies to tackle regional inequality and rebalance the economy, including a "massive injection" of investment in railways, broadband and housing.
Vince went on to say "We need to lift Britain from what at present is a dangerous over-dependence on property markets and banks in the South East corner of England.
"This country needs a massive injection of public investment, more innovation and a renaissance of manufacturing. We need to invest in the railway network across the Midlands, as well in broadband and housing. Every pound spent building modern Britain will be returned many times over. Never in British economic history has it been cheaper for the government to borrow for productive investment, alongside the private sector."