A stalled £67million business park in Wolverhampton was today back on track after aerospace giant Moog confirmed that it was relocating there.

It is the bonfire of the quangos, sounding the death knell for three of the biggest Government-funded organisations in the West Midlands.

Doomed regional development agency Advantage West Midlands has offered its 326 staff voluntary redundancy, it was revealed today.

The taxpayer-funded quango that is meant to boost businesses in the West Midlands gave almost half its grants to the public sector, figures revealed today.

Taxpayers spent almost £5 million on a project to help find graduates a job – from which only one in five actually found work.

Regional development quango Advantage West Midlands (AWM) has been spared the axe, saving 250 jobs.

Labour today pledged to protect regional development agency Advantage West Midlands as it launched its manifesto for the West Midlands.

Taxpayers  paid more than £200,000 for freebie gifts including pens, pom poms and sticks of rock to promote councils and quangos in the West Midlands, new figures released today reveal.

A second potential developer has come forward for Wolverhampton’s planned £67m i54 business park.

The quango that is meant to bring investment to the West Midlands could be stripped of its powers under a Conservative government, David Cameron has said.