Manchester is quickly proving itself as the place businesses want to be. Sitting at the heart of the Northern Powerhouse, more and more businesses are moving to this key northern city. Property investments in Manchester can prove to be strategic financial investments. Here are five reasons why Manchester is fast becoming known as an important European commerce hub.
A Cost-Effective Place for Business
Salaries and operating costs in Manchester average 30-40% less than London. Businesses in the city can also take advantage of high quality office space and low attrition rates.
This means that organisations with back office functions here benefit from world-class quality at a much reduced cost. These factors have ensured Manchester be named by KPMG as Europe’s most competitive business location time and time again.
Low Risk, High Rewards
With a proven track record for successful businesses, Manchester has fast become a leading back office operation location. Its business services sector employs over 75,000 people in over 45 shared service centres and 250 contact centres.
Manchester is an established city for attracting, developing, supporting and sustaining leading organisations. Just some of the global names that have a presence in the city are Adidas, Siemens, Etihad Airways, WorldPay, and Sodexo.
A Highly Educated City
Manchester’s renowned resources make it a city perfect to support long-term growth. Whether businesses incorporate new business models or new digital technology, Manchester’s educated workforce can use their talents to drive businesses forward.
Over 35,000 people graduate from a Manchester university each year, producing young professionals well-versed in a wealth of employable skills. With graduates holding expertise in languages, business management and data analytics, businesses in Manchester have an extremely healthy talent pool to choose from.
Manchester’s universities are also regular collaborators with local businesses, helping them access bespoke training courses and cutting-edge research.
The Right People for the Job
Manchester boasts one of the largest numbers of business service organisations in Europe and has the largest professional services sector outside of London. These organisations employ over 250,000 people across various specialisms. This highly skilled workforce of accountancy, insurance, tax, HR and legal experts enables companies in Manchester to access the people they need.
The cosmopolitan nature of the city also provides large numbers of educated, international, multi-lingual workers. These key skills are vital for any business aiming to go truly global.
Excellent Transport Links
Manchester boasts fantastic transport links and is perfectly located to serve a global network and access a wide talent pool. The brilliant local motorway network means 60% of all UK consumers live within a two hour drive of the region.
The UK’s largest regional international airport is also located here. Manchester International Airport serves over 29million passengers each year flying to over 200 destinations.
The city’s railway network quickly connects the people of Manchester to other northern cities and further beyond, with routes to London taking just over two hours. The HS2 project will further shorten these journey times.