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Media & Events > Manchester rises on European FDI Rankings despite economic uncertainty28 February 2020
Categories: Latest News
Manchester India Partnership, Advanced Manufacturing, Creative, Digital & Technology, Financial, Professional & Business Services, Life Science & Healthcare
“These results demonstrate Manchester’s true resilience, having maintained or advanced its position across four out of five rankings despite the economic uncertainty that the UK has experienced throughout the last couple of years.
Since the EU referendum, economic uncertainty has caused investment decisions to be delayed – which also will have affected the UK’s potential as an investment location in the short term – but with the support of our partners and stakeholders, MIDAS has worked strategically and proactively to stimulate the market and create a strong pipeline of projects and jobs for the city region that we hope to close in coming months and years.”
In the last financial year (2018/19) MIDAS supported the creation of 4,380 jobs across the city region, the highest number in its 22-year history, generating £311m GVA. This was largely due to a surge in technology-focused investments, with jobs created in the creative, digital and technology sector accounting for almost 50 per cent of the total number created.
Sir Richard Leese, Leader of Manchester City Council and Deputy Mayor for Business and Economy, said:
" This strong showing emphasises Manchester's attractiveness as one of the world's best places to do businesses which supports the creation of jobs and opportunities for people here. That we are so highly ranked is no accident but the result of a concerted long-term strategy to ensure Manchester has the ambition, innovation and skills to keep moving forwards in a changing world."
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