Manchester is recognised for its FinTech potential by industry body Innovate Finance. As the UK’s second largest economy, Manchester is an economic powerhouse employing almost 324,000 people in the financial, professional and business services. Its reputation as a ‘city of innovation’ is truer today than ever with Manchester now firmly established as a major technology hub.
Manchester and the wider North has a large number of tech firms providing solutions to the financial services industry and many banks themselves have major technology operations here including The Co-operative Bank, Barclays, HSBC, Bank of America Merrill Lynch and Williams & Glyn. Manchester has a strong and growing pool of tech talent; the city is home to the largest ICT sector outside London with companies such as IBM, HP, Fujitsu, Oracle and Google having a presence here.
The region is home to 70,000 ICT professionals and growth has outstripped anywhere else in the UK (50% over the past decade, five times the national average). The region is the place to go for business.
With the largest travel-to-work catchment area of any regional city and a young and growing population, Manchester provides a constant stream of talent enabling companies to scale up their operations within short timescales. From large financial services companies such as Barclays and The Co-operative Bank through to FinTech firms such as AccessPay, Crowdcube and MarketInvoice, Manchester has a proven track record in helping companies build up a labour force. The region also has one of the largest student populations in Europe, allowing investors to tap into an emerging labour force.