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NEWS 22nd October 2014

Greater Manchester Investment Portfolio launches in Beijing

A delegation of Manchester-based business representatives has today launched an investment portfolio for the city-region to a Chinese audience of entrepreneurs and investors in Beijing. The portfolio which is available in Mandarin and English, showcases opportunities to buy into, collaborate and develop partnerships around some of Greater Manchester’s most exciting developments. It has been produced…

What people are saying

“Manchester has a real pull for businesses to come and set up here.”
David Emery
IBM Vice President for General Business North

Economic Overview

RBS building in Spinningfields

The ten local authorities of Greater Manchester – Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford, and Wigan – represent the largest functional economic area outside London, with a population of 2.6 million and gross value added (GVA) of £46 billion.

Greater Manchester’s Major Sectors

Financial & Professional Services 16.6%
Manufacturing & Engineering 16.1%
Health 13.0%
Retail 10.3%
Education 8.5%
Creative & Digital 7.7%

Source: ONS (2010) Annual Business Inquiry

In terms of employment concentrations against national averages, Manchester City Region has a comparative advantage in Aviation; Financial & Professional Services; Food & Drink; Core Manufacturing; Higher Education; Logistics and Textiles. Compared to the rest of the country outside London and the South East, Manchester has advantages in Creative Industries; IT & Digital, whilst concentrations of employment in Financial & Professional Services demonstrate the truly national significance of Manchester in this sector.

Biotechnology and Energy are the most productive sectors in the Manchester area in terms of GVA per employment, with Environmental Technology; Manufacturing; Engineering and Food & Drink also having above average productivity.

Greater Manchester’s economic growth has been driven by the large-scale and rapid expansion of the service sector, particularly financial & professional services. This sector accounts for a sixth of employment, a fifth of GVA and businesses, and contributed 45% of all GVA growth across Greater Manchester between 1998 and 2008.

Forecasts are for private sector growth in Greater Manchester to outstrip growth for the UK as a whole, and for the public sector to suffer less of a contraction here than nationally.

For helpful reports and the latest data for the Greater Manchester economy see http://neweconomymanchester.com

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NEWS 22nd October 2014

Greater Manchester Investment Portfolio launches in Beijing

A delegation of Manchester-based business representatives has today launched an investment portfolio for the city-region to a Chinese audience of entrepreneurs and investors in Beijing. The portfolio which is available in Mandarin and English, showcases opportunities to buy into, collaborate and develop partnerships around some of Greater Manchester’s most exciting developments. It has been produced…

NEWS 16th October 2014

Manchester named City of the Year in prestigious development award

Manchester has today been named City of the Year in the inaugural Estates Gazette/MIPIM UK Awards for its success in delivering major regeneration projects and attracting international investment. The award, which was presented at the UK version of the international property and development showcase MIPIM in London on Thursday 16 October, highlights Manchester’s thriving development…

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