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Manchester Investment Portfolio MANCHESTER INVESTMENT PORTFOLIO 4756 The Manchester China Forum is delighted to present this document highlighting Greater Manchester’s core assets and investment opportunities across the region. The Forum is a business-led initiative aimed at increasing Greater Manchester’s commercial connectivity with China. The forum is led by the following companies: The Forum would like to thank Addleshaw Goddard for their kind support and advice with the production of the Investment Portfolio Photography courtesy of: Becky Lane Rick Grange Ben Page TfGM Fourth Edition This portfolio is part-funded by European Regional Development Funds within the 2014-2020 England Operational Programme. FOREWORD It’s an honour to introduce you to the latest edition of the Manchester Investment Portfolio. Having represented the People’s Republic of China in Manchester since 2018, I know first-hand the wonderful spirit, unique charm and innovation that the city has to offer. Whilst being the birthplace of the industrial revolution, the origin of the socialist movement and home to two footballing powerhouses, Manchester is also a city leading by example in its determination to develop strong links with China. I believe that Manchester is one of the best cities in Europe for connectivity with China across industry, education and culture. Consul General Each year we see more students, tourists and businesses coming to Zheng Xiyuan experience Manchester with several world-leading universities on its Chinese Consulate doorstep, centrally located in the UK and only two hours from London in Greater Manchester by train. With our ever-closer social, economic and cultural links, Manchester is well positioned as an excellent place to invest. I look forward to seeing the continued success of the China-Manchester relationship bringing prosperity to the people of both nations. Welcome to the fourth iteration of the Manchester Investment Portfolio. It gives me great pleasure to introduce the Manchester Investment This guide presents information on Greater Manchester, a city region Portfolio at a time when links between the city and The People’s Republic that has cemented its place as a leading European business location and of China have never been stronger. exemplar in China engagement. This guide presents information on Greater Manchester, a region that The ‘Manchester-China landscape’ has significantly developed since the has cemented its place as a leading European business location. launch of the Forum in 2013. With direct flights to Hong Kong and Beijing from Manchester airport, the region has never been more connected to Manchester is a city of collaboration, with academic institutions China. Additionally, as this booklet shows, Manchester has more to offer working with the city’s public authorities and businesses to drive China than ever before. forward a dynamic economy. This has led to an environment that breeds innovation, something which can be seen throughout the city’s history, This Portfolio showcases Manchester and many of its previous from splitting the atom to the isolation of graphene. successful collaborations with China across a range of sectors Rhys Whalley highlighting Manchester’s openness to working more closely with China. Andy Burnham Greater Manchester is known for its forward thinking and visionary Executive Director I will obviously have a bias, but Manchester truly is a great place to Mayor of Greater Manchester approach to economic and cultural development. Having the most Manchester China Forum comprehensive devolution deal in England including joint control with invest. This coupled with the support of my team at Manchester China Forum make it a perfect place for Chinese firms looking to the UK. greatermanchester-ca.gov.uk the NHS over health and social care, Manchester is building a reputation investinmanchester.cn @MayorofGM as a leading player in a global economy where cities are set to play an Twitter: @GM_China_Forum We look forward to welcoming you to the city region! increasingly important role. LinkedIn: Manchester China Forum Weibo @英国曼彻斯特官方微博 We are a city that lies at the heart of the Northern Powerhouse, a UK- WeChat ID: InvestManchester government initiative aimed at stimulating economic agglomeration between cities such as Liverpool, Sheffield and Leeds. Since President Xi’s visit, there has been widespread recognition of the major opportunities that the region presents for furthering the UK-China bilateral relationship. We look forward to welcoming you to Greater Manchester. If you have any further enquiries, please contact: [email protected] WHY At a glance Accessible Business Manchester has a great central Manchester is home to a successful MANCHESTER? location in the UK. mix of large multi-nationals and Helsinki Oslo Stockholm smaller firms, many working as part Low risk of a bigger supply chain. The cost of running a business in Edinburgh Copenhagen Manchester is as much as 40% Sector skills Belfast cheaper than in London. Specialisms include life sciences, Dublin Moscow 2D materials, ICT and energy and London Amsterdam Berlin Workforce the environment. Brussels 33,600 new graduates a year Paris (402,600 within a 1 hour distance). Welcoming Munich Vienna Manchester is one of Europe’s most Geneva Infrastructure cosmopolitan cities, attracting both Zurich Manchester is the UK’s premier visitors and investors alike. In 2018 it multi-modal transport hub. Home to was voted the UK’s most liveable city. the UK’s largest regional airport, the Manchester Ship Canal (which links Barcelona Rome Istanbul the city to the port of Liverpool) and Madrid excellent road and rail links. Lisbon Athens Beijing The original business city A cost-effective city The city is centrally located, Hong Kong Manchester was the world’s first Today, Manchester is rated as meaning that 60% of all UK modern industrial city, and today Europe’s top city for business consumers live within a two hour its economy is large and diverse, competitiveness. The cost of drive of Manchester. offering businesses a deep pool running a business in Manchester Manchester has the largest of potential clients. Manchester is as much as 40% cheaper than commuter area of any is the second largest economy in London. Salaries are also WORKFORCE WITHIN COMMUTING conurbation in the UK outside in the UK and has the largest typically 30-40% less than London DISTANCE OF THE CITY CENTRE of London, with a workforce of regional financial and professional and the cost of buying or leasing 6.6M 6.6 million people living within services industry in the UK, a office space is also significantly 50 miles of the city centre. thriving creative, digital and tech lower. Together this makes sector and the largest clinical Manchester the ideal place to An entertaining city MANCHESTER AIRPORT SERVES MORE academic campus in Europe. establish and grow a UK presence. Manchester has more theatres DESTINATIONS THAN LONDON HEATHROW It is also home to the largest than any other regional city in 200+ A well-connected city commercial property market England, as well as a rich football Manchester has outstanding outside London, the largest heritage with both Manchester transport links. It is home to the Private Equity community, and is City and Manchester United UK’s largest regional international UNIVERSITY STUDENTS set to become one of the world’s based here. airport, which serves more cities top 20 digital cities by 2020. IN MANCHESTER than Heathrow, flying to over 200 101,000 A cooperative city A talented city destinations. With three trains to Greater Manchester is made up of Manchester is home to four London every hour, and a journey 10 local authorities – Bolton, Bury, universities and 101,000 students. time of just over two hours, Manchester, Oldham, Rochdale, CHEAPER TO RUN Many of these students stay in connecting to the capital is also Salford, Stockport, Tameside, BUSINESSES THAN IN LONDON the city after they have finished easy, making Manchester the Trafford and Wigan. They all work 40% their studies, ensuring that the ideal location for a European HQ. together through the Greater workforce is sustainable. Manchester Combined Authority (GMCA), the first public authority OF UK’S BUSINESS BASE of its kind in England. 60% ACCESSIBLE FROM MANCHESTER If you have any further enquiries, please contact: [email protected] MANCHESTER 1904 A region with a rich history of innovation that Frederick Royce met has produced 25 nobel laureates. It is a city with Charles Rolls and set up a true pioneering spirit, a place of ambition and the famous company investment, where the commercial, cultural and Rolls Royce which still creative sectors thrive. bears their names. From the birth of the Industrial Revolution, to Scientists at The University the first modern computer and the isolation of of Manchester are awarded graphene, the city is constantly innovating. Here the Nobel Prize for Physics for is a selection of some of the city’s unique and isolating Graphene, the world’s remarkable achievements. The first computer with a thinnest material. stored programme and memory, Declared as nicknamed ‘Baby’, is developed at 2010 European City The Manchester Ship Canal opens, The University of Manchester. a massive feat of engineering, of Science. giving the city access to the sea 1948 over 50km away. 2016 The first Manchester International Festival, the world’s first festival 1894 of original, new work and special The birth place of the worldwide The first law in thermodynamics events, takes place. The Bridgewater Canal opens, Opening of the co-operative movement in is discovered in Manchester by the first totally artificial Henry Royce Manchester. James Prescott Joule. 2007 waterway independent of Institute. natural rivers. 1844 1850 2019 1761 1783 1830 1917 2015 Richard Arkwright sets up the The world’s first true railway Ernest Rutherford Surgeons in first mill to use steam power in starts operating from a purpose discovers how to Manchester 2018 Andy Burnham the city centre, paving the way built station on Liverpool Road, split the atom at perform the visits China.
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