The report from Global Investment Firm BNY Mellon has revealed that over the next ten years, Manchester will confirm its position at the heart of the Northern Powerhouse and drive investment to the region.
The Greater Manchester area will become even more crucial to national and international markets as companies continue to see Manchester as a premium location for business.
Matt Wells, Manchester site executive at BNY Mellon, said: “After 10 years in Manchester, BNY Mellon is well-invested in the city and fully committed to being among those considering how we can ensure the momentum of recent years is continued.”
“The over-arching message of Manchester 2025 is that the next decade promises much, including more jobs, large-scale investment and a city that is playing an increasingly crucial role in the future of the UK economy.”
“This potential will not be fulfilled without collaboration and a huge amount of determination, but Manchester 2025 demonstrates how well-positioned the city is to become a truly global destination.”
By 2025, it is expected that the population of Manchester will increase by 125,000, meaning that many new apartments and houses will be built to accommodate massive growth in the coming years.
The number of commuters is also expected to increase from seven million today to 15 million in 2025, as improved transport links make it easy to travel in the area.
Sir Richard Leese, leader of Manchester council, said: “We are building for the future, as evidenced by the works taking place at the moment to improve the city’s transport infrastructure.”
“We are pleased that this report shares our optimism for the city and wider region. BNY Mellon showed great vision as well as confidence by investing in Manchester and we welcome the major contribution they have made and continued to make to the city.”
The future of Greater Manchester looks extremely bright as the city continues to benefit from its excellent location and industrial heritage, attracting investment from around the globe.
The 2025 vision not only demonstrates that Manchester remains at the forefront of innovation, but also that global businesses continue to be inspired by the city’s exciting, modern and thriving environment.