Northshoring to Manchester
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 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.
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.
Deborah Walker Head of Business Development – Financial and Business Services
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