No. 1 European city for business friendliness

No. 1 European city for business friendliness

fDi Magazine, European Cities of the Future 2020

Northshoring to Manchester

  1. Manchester is a prime northshoring location for companies moving or expanding operations from London due to the city’s outstanding talent, affordability and connectivity.

    For companies looking to spread operational risk, reduce operating costs and access expert talent to establish new teams, Manchester offers a high quality, low risk solution.

    Home to the largest regional financial, professional and business services industry outside of London (employing more than 280,000 people) and one of Europe’s leading shared service centre locations; Manchester is the only UK city outside of the capital with all elements of the sub-sectors represented at scale – from banking, financial services and FinTech to insurance, HR, accounting and legal.

    As a result, companies that northshore to Manchester can access talent across a deep and diverse range of disciplines but at a 30-40% cost saving compared to the capital.

  2. In choosing a location for our Global Centre teams to be based, finding high quality people was our highest priority and Manchester offers a very deep talent pool, for both legal and other disciplines. The region also has a global outlook with a progressive mindset, which also matters because our teams work across times zones, borders and languages to deliver for our clients, colleagues and lawyers all over the world.

    Olivia Balson, Global Centre Director, Freshfields Bruckhaus Deringer

  3. Manchester’s mature market provides vast opportunity to develop new business and access clients. In addition, many firms that have relocated to or expanded in Manchester also have a large number of senior managers based here – a sign of their confidence in the city as a place where the largest transactions can be made and signed off.

    MIDAS, Manchester’s economic development agency, offers a free, bespoke and confidential package of services to support businesses exploring the opportunity or directly looking to relocate to or expand in Manchester.

    To find out more about what makes Manchester an important northshoring option as well as how MIDAS can help de-risk your business investment in the city, get in touch with our sector specialist today.

  4. FinTech
    To find out why Manchester is the perfect business location for your FinTech company, get in touch with the MIDAS team today.
  5. Shared Services
    To find out why Manchester is the perfect location to establish and expand shared service centres, get in touch with the MIDAS team today.
  6. A Proven Location

    Although national government has recently put a spotlight on northshoring through its levelling up agenda, as well as the announcement that it will move 22,000 roles out of London by 2030; Manchester has an impressive legacy and reputation for providing northshoring solutions, consolidating its position as a prime choice for both corporate and government investment.

    Global companies including BNY Mellon, Natwest, Freshfields Bruckhaus Deringer, Fitch Ratings and Bryan Cave Leighton Paisner have reaped the benefits of establishing operations in Manchester – many of them expanding their northern activity beyond original objectives due to the opportunities and talent available in the city.

    Fitch Ratings established its second UK HQ in Manchester to complement its London presence, replicating the relationship between the firm’s Chicago and New York offices.

  7. We chose Manchester following a wide-ranging study of possible locations because it is the best overall fit for our business. There is a mature and diverse finance, tech and professional services presence in the city, as well as good transport links internationally and with London. Importantly, we feel Manchester has a growth story that resonates with ours. We see the potential in the city's talent pool, especially graduate talent, and believe that Manchester will become an even greater source of talent in future years.

    Paul Taylor, CEO and President of Fitch Group

  8. Manchester’s recognition as a rapidly growing technology hub has also attracted firms to the city, enabling them to access specialist skills to drive their digital transformation plans.

    Throughout the last 15 years, BNY Mellon’s Manchester team has grown from 100 to more than 1,700 employees and is now a key strategic site for the global financial services firm. BNY Mellon has a substantial and growing tech team in the city, utilising Manchester’s expertise in technology and more specifically FinTech.

    Since moving its Global Centre from London to Manchester in 2015, Freshfields Bruckhaus Deringer now has a team of 700 staff across a range of functions. The firm’s strategic hub has expanded to become responsible for delivering high-value, high-quality legal solutions and is a founding member of the Law and Technology Initiative at The University of Manchester.

    Get in touch

    Manchester’s mature market, continual growth and its deep talent pool make it the perfect place for northshoring firms to thrive. 

    To find out more about how MIDAS can help your business investment in Manchester, get in touch with the team today. You can also keep up-to-date with us via Twitter and LinkedIn.

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