Often hailed as the “Capital of the North,” Manchester has established itself as a dynamic and vibrant city that is increasingly becoming a magnet for businesses of all sizes and sectors. The city is home to everything from media companies like the BBC to massive retailers like Amazon and healthcare revolutionists like AstraZeneca.
This bustling metropolis, steeped in industrial heritage, has evolved into a thriving economic hub with diverse opportunities. The city’s growth doesn’t appear to be slowing down anytime soon. But why has Manchester emerged as one of the best places to run a business?
We’ve compiled some of the top seven reasons Manchester is an appealing destination for businesses to call their home.
1. Strategic Location
Firstly, we would argue that its location is perhaps Manchester’s most decisive benefit. Situated in the heart of the UK, the city boasts an enviable location with excellent connectivity. It is just a stone’s throw away from major cities like Liverpool, Leeds, and Sheffield, making it a crucial part of the Northern Powerhouse initiative. Additionally, Manchester’s proximity to Manchester Airport, one of the busiest in the world, facilitates international trade and commerce. Therefore, these excellent transport connections are a simple reason to do business in Manchester. You probably won’t find a better, well-connected English city outside London.
2. Access to a Talented Workforce
Home to several renowned universities and educational institutions, Manchester is a breeding ground for talent across various disciplines. The region’s world-class universities include the University of Manchester, Manchester Metropolitan University and the University of Salford. Students can become experts in everything from aerospace engineering to computer science, filmmaking, sports, etc. Manchester’s pool of skilled graduates and its diverse and multicultural population provide businesses with a rich and dynamic workforce. The city is a hugely attractive place to remain for graduates, ensuring that companies can find the right talent to drive their growth and innovation.
3. Innovative Ecosystem
Manchester has emerged as a hotbed for innovation and entrepreneurship. The presence of thriving tech clusters, such as MediaCityUK and the Manchester Science Park, fosters an environment of creativity and collaboration. This ecosystem, complemented by numerous networking events, accelerators, and incubators, supports startups and established businesses.
4. Affordable Office Space
With rent increasing and more people preferring to work from home, running a business from a cost-effective location is essential. Compared to London and other major cities, Manchester offers more affordable office space without compromising quality or accessibility. The city provides a range of options, from co-working areas to state-of-the-art business parks, accommodating businesses of all sizes and budgets.
5. Quality of Life
Manchester strikes a perfect balance between work and play. With a rich cultural heritage, world-class restaurants, vibrant nightlife, and ample green spaces, it offers employees an exceptional quality of life. The city’s lifestyle appeal ensures that top talent flocks to Manchester and increases job satisfaction and productivity. It is a destination that is undoubtedly one of the best places to live, work and have fun. Regeneration is always going on in Manchester, including luxury apartments like X1 Landmark, ensuring enough accommodation to match the city’s rising demand.
6. Strong Business Networks
Manchester has many business organizations, chambers of commerce, and industry-specific groups. These networks facilitate collaboration, knowledge sharing, and partnerships among businesses. They also provide a platform for companies to influence policy and gain insights into industry trends.
7. Government Support and Investment
The local government in Manchester is committed to fostering a conducive environment for businesses to thrive. This factor is evident in the numerous initiatives, grants, and incentives available to startups and established companies. The city’s commitment to sustainability and innovation aligns with the broader global goals, making it an attractive place for forward-thinking businesses.
Summary
Manchester’s appeal as a business destination is underpinned by its strategic location, access to a talented workforce, a thriving, innovative ecosystem, affordable office space, high quality of life, strong business networks, and government support. As businesses increasingly look beyond traditional powerhouses like London, Manchester’s star continues to rise, solidifying its status as a critical player in the UK’s economic landscape. Whether you’re a startup seeking fertile ground or an established corporation looking to expand, Manchester offers a welcoming environment for businesses to grow and prosper.