Greater Manchester Economy
Since the days of the industrial revolution, it has played an important role in shaping the UK’s economy. Today, the region is home to more than 2.8 million people, with an economy bigger than that of Wales or Northern Ireland. Manchester’s business strengths have enabled it to develop a strong reputation as a competitive place to do business.
The ten metropolitan boroughs of Greater Manchester – Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford, and Wigan – represent the largest city region economy outside London, with a gross value added (GVA) of £74.85 billion. In the decade to 2020, the economy grew by 39% from £53.89 billion to £74.85 billion and it has been one of the major UK city-regions driving job growth (84% between 2002-2015), at twice the rate of jobs growth of the north as a whole.
The ten councils– the first statutory “Combined Authority” in the UK outside London – and our Mayor coordinate key issues such as economic development, regeneration and transport. This governance structure has enabled the region to secure greater powers from central government to shape its own future and success.