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INVEST IN GREATER REGION AND LIVERPOOL CITY

invest in GREATER

SPONSORED BY SPONSORED MANCHESTER

2019

2019

CITY REGION CITY SPONSORED BY

LIVERPOOL invest in invest 2019

Cover MASTER.indd 1 26/11/2018 12:50 HALTON

GREATER WIRRAL

LIVERPOOL MANCHESTER KNOWSLEY

The second largest economy in Great Britain, Manchester

has the largest regional fi nancial and professional services industry in the UK, a thriving creative, digital and tech HELENS ST

sector and the largest clinical academic campus in Europe. It is also home to the largest commercial property market SEFTON outside London, the largest private equity community, and is

set to become one of the world’s top 20 digital cities by 2020.

future investment. investment. future

compelling business case for for case business compelling

is making an increasingly increasingly an making is

ROCHDALE Liverpool culture, and arts to

powerful brand when it comes comes it when brand powerful

BURY a with Coupled opportunities. and ideas of pot melting exciting

OLDHAM an creating is innovation digital and assets in science, technology, manufacturing technology, science, in assets

Liverpool city region’s convergence of major major of convergence region’s city Liverpool

WIGAN world. the of rest the with and UK the within

SALFORD opportunities trade expansive to up it opens connectivity

catchment of more than 6 million people, the region’s region’s the people, million 6 than more of catchment

TAMESIDE workforce one-hour a and economy £2.8bn a With

MANCHESTER REGION CITY LIVERPOOL

STOCKPORT

Cover MASTER.indd 2 26/11/2018 12:50 FOREWORD 1 26/11/2018 13:07 reater Manchester is about partnerships. is about Manchester reater work sectors the public and private The way Manchester’s devolved health budget, the support devolved health budget, Manchester’s In this publication, Insider has packaged up investment homed in on Greater the Live section, we’ve For and helping businesses section we’re Work In the Manchester where looks at nal section, Play, The fi to debates table special round also held two We Miri Thomas editorial director Insider Media Power of partnerships closely together in the has long in the combined authority has closely together nd intra-region which fi areas other been the envy of collaboration challenging. gives the arts, the innovation the public sector into universities and the investment the region’s led by in this here all evident are housing and regeneration Guide. Investment Play, Work, Live, categories: opportunities three into partnership throughout. and that model is distinct a skilled and attract to potential Manchester’s a rapidly expanding and diverse population thanks to offer. high-quality residential the of understand the underlying strengths to investors on demo- including information economy, city region’s expertise. and the universities’ sectors graphics, key arts comes to and leisure, is world-class when it that including details on new cultural developments positive message. Manchester’s will amplify Greater the and what investors appeal to discuss Manchester’s and development. growth next for big opportunities are move, expand or looking to you are So whether Guide this Investment the city region, to relocate in matters what into you with an insight will provide too. it you can be a part of and how Manchester G p1 gm foreword.indd 1 EDITORIAL DIRECTOR

3 Sponsor foreword – MIDAS FOREWORDSPONSOR Miri Thomas

4 Sponsor foreword – TLT REGIONAL BUSINESS EDITOR Philip Cunliffe 2018 reflections 5 The Mayor’s vision: Andy Burnham makes the case for investing in NORTH WEST BUSINESS INSIDER EDITOR Simon Keegan and developments 6 By the numbers: population, CONTRIBUTOR demographics and the economy Rupert Cornford

CONTENTS As we reflect on 2018, there are many positives to likes of Amazon, Jaguar Land Rover, Tech Mahindra SUB-EDITORS take away that make us well set to continue to propel and Qiagen to our region – a clear testament to 9 Featured sites: a selection of Claire Morrison Manchester’s reputation on the world stage. the resilience, reputation and long-term strength of investment opportunities from around Rosanna Farrell the city region One of the things I get most satisfaction from is the Manchester to compete on a global basis, especially SENIOR RESEARCHER recognition of Greater Manchester’s in new technologies which are Rob Mayfield 10 Investment Forum: what does the strengths from our peers and external transforming all aspects of modern life. future hold for further development in DESIGNERS observers. In 2018 Manchester has Talent breeds innovation, which Martin Bain Greater Manchester? been named by IBM as a global top shows itself in many ways every day Emma Langton 10 FDI destination, as one of the top in our region. Currently we are looking 14 Investment Forum: what are the SALES DIRECTOR 50 most innovative cities globally, as forward to the launch of the GEIC Adrian Simcox long-term priorities for Greater well as the number 1 European city for (Graphene Engineering Innovation Manchester’s housing offer? DEPUTY SALES MANAGER business friendliness by fDi magazine. Centre), the first of its kind in the world Avril Walsh We are a highly-connected city, at to industrialise the nano-material WORK PROFESSIONAL the heart of the Northern Powerhouse first isolated here at the University of SERVICES MANAGER and easily accessible from all corners of Manchester. At the same time prepa- 20 Sector report – digital and technology Clare Graham the globe. Earlier this month we joined rations are well underway for the arrival BUSINESS DEVELOPMENT our colleagues at to of GCHQ, cementing Manchester’s 22 Sector report – professional services MANAGER celebrate the launch of the Jet position firmly in the vanguard of cyber Andy Rogers 26 Universities and future talent Airways direct air route with Mumbai, providing a vital security. And our “innovation infrastructure” was air bridge to this strategically significant market. And bolstered by the recent joint venture between Bruntwood 28 Sector report – science and health late September saw our Mayor launching an economic and Legal & General to develop a £1.8billion group impact study marking two years of the direct air route of assets led by Manchester Science , as well as 32 Sector report – advanced manufacturing with Beijing from Hainan Airlines – a route which has Vodafone announcing a 5G pilot at MediaCity. generated exports to China up +41% in two years At the outset of the industrial revolution Manchester LIVE to £1.29bn. Next month, Manchester Airport will also became the home of the co-operative movement, launch a direct flight to Addis Ababa, adding yet another an ethos that we still see today in our approach. With 36 Manchester’s changing skyline Boulton House continent to its growing portfolio of destinations. the launch this year of the Manchester India Partnership, 17-21 Chorlton Street Perhaps Manchester’s most important differentiator the rapid development of Health Innovation 38 Greater Manchester’s transport strategy Manchester M1 3HY is the talent that we attract and nurture, from the Manchester and the 5-year anniversary of the Tel: +44 (0) 161 907 9711 100,000 students at our 4 universities, to the highly- Manchester China Forum, innovative platforms for PLAY email: [email protected] skilled specialists helping to shape our future across collaboration – drawing together our talent and www.northwestbusinessinsider.com the sectors listed in this publication. It is precisely this connectivity - are in place for us to come together 40 Greater Manchester’s arts scene Invest in Greater Manchester 2019 talent that has been instrumental in attracting the and create the future we all want for our region. is published by Newsco-Insider Ltd.

Price: £45 ISSN 1755-3997 Tim Newns, ceo, MIDAS, Manchester’s inward investment agency

To order a copy contact the 0161 237 4470 ©2018 Insider Media Limited. No part of this publication subscription/membership [email protected] may be reproduced or used in any form of advertising or department on promotion without written permission of the editor. +44 (0) 161 907 9733 www.investinmanchester.com

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p2-3 gm contents.indd 2 26/11/2018 13:07 MIDAS sponsor comment.indd 3 26/11/2018 12:08 2018 reflections FOREWORDSPONSOR and developments

As we reflect on 2018, there are many positives to likes of Amazon, Jaguar Land Rover, Tech Mahindra take away that make us well set to continue to propel and Qiagen to our region – a clear testament to Manchester’s reputation on the world stage. the resilience, reputation and long-term strength of One of the things I get most satisfaction from is the Manchester to compete on a global basis, especially recognition of Greater Manchester’s in new technologies which are strengths from our peers and external transforming all aspects of modern life. observers. In 2018 Manchester has Talent breeds innovation, which been named by IBM as a global top shows itself in many ways every day 10 FDI destination, as one of the top in our region. Currently we are looking 50 most innovative cities globally, as forward to the launch of the GEIC well as the number 1 European city for (Graphene Engineering Innovation business friendliness by fDi magazine. Centre), the first of its kind in the world We are a highly-connected city, at to industrialise the nano-material the heart of the Northern Powerhouse first isolated here at the University of and easily accessible from all corners of Manchester. At the same time prepa- the globe. Earlier this month we joined rations are well underway for the arrival our colleagues at Manchester Airport to of GCHQ, cementing Manchester’s celebrate the launch of the Jet position firmly in the vanguard of cyber Airways direct air route with Mumbai, providing a vital security. And our “innovation infrastructure” was air bridge to this strategically significant market. And bolstered by the recent joint venture between Bruntwood late September saw our Mayor launching an economic and Legal & General to develop a £1.8billion group impact study marking two years of the direct air route of assets led by Manchester Science Park, as well as with Beijing from Hainan Airlines – a route which has Vodafone announcing a 5G pilot at MediaCity. generated exports to China up +41% in two years At the outset of the industrial revolution Manchester to £1.29bn. Next month, Manchester Airport will also became the home of the co-operative movement, launch a direct flight to Addis Ababa, adding yet another an ethos that we still see today in our approach. With continent to its growing portfolio of destinations. the launch this year of the Manchester India Partnership, Perhaps Manchester’s most important differentiator the rapid development of Health Innovation is the talent that we attract and nurture, from the Manchester and the 5-year anniversary of the 100,000 students at our 4 universities, to the highly- Manchester China Forum, innovative platforms for skilled specialists helping to shape our future across collaboration – drawing together our talent and the sectors listed in this publication. It is precisely this connectivity - are in place for us to come together talent that has been instrumental in attracting the and create the future we all want for our region.

Tim Newns, ceo, MIDAS, Manchester’s inward investment agency 0161 237 4470 [email protected] www.investinmanchester.com

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p2-3MIDAS gm sponsor contents.indd comment.indd 3 3 26/11/2018 13:0712:08 City of distinction

Manchester has a strong track record of inward invest- the ground include the transformation of the 24-acre ment and a thriving business economy, and that hasn’t derelict former railway station at Mayfield into a high happened by chance. The nature of this investment quality urban neighbourhood by U+I and the new tells a very clear story about the distinctive character- St. John’s city centre neighbourhood at the former istics of the city and region; Manchester is ambitious, Granada TV Studios by Allied London.

SPONSOR FOREWORD rich in talent and – perhaps The arrival of major increasingly important during businesses to the city like these uncertain times – Amazon, which is opening uniquely resilient. its first office in Manchester The result is a deservedly creating 600 new jobs, has positive reputation for big been a lightning rod for other ideas that work, and a unified businesses to come in – approach to getting these particularly in the fast growing ideas off the ground. In my digital, technology and media area, working predominantly sectors. in the real estate, retail and Manchester also has a leisure sectors, the past few strong financial and years have seen numerous professional services sector landmark projects take off that offers market leading and businesses committing support locally, from a growing to the city and region and number of private equity finding ways to survive and thrive. houses to a strong professional and legal services At the heart of all of this is a unique alignment community. TLT launched in Manchester five years between the city and business, engaging with ago with plans to expand into a full service law firm business and investors to realise its vast potential within five to ten years; we have achieved this and our and keep adapting to change. commitment to investing and growing in Manchester NOMA, Spinningfields and Manchester Airport are remains as strong as ever. great examples of ambitious schemes that have kept Manchester is a rich destination for investment and Manchester at the forefront of urban development. a shining example of what big ideas with a unified Newer developments that are currently getting out of approach and the right kind of ambition can deliver.

Dan Sweeney, partner, TLT LLP +44 (0)333 006 0309 [email protected] www.TLTsolicitors.com

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p4-5TLT 75294.inddburnham.indd 4 4 26/11/2018 13:0812:09 LEADERSHIP 5 26/11/2018 14:33

It will look at how we can get the best out of the of out the best how we can get at will look It There is so much exciting work going on across our our going on across is so much exciting work There and play, live, work place to a fantastic This is already legacy of industrial ambition and creativity to create a create to industrial ambition and creativity legacy of new skills gaps, feed address force, local work thriving, digitally enabled, green city region. city region. thriving, digitally enabled, green industries and provide opportunities for young people. opportunities for industries and provide benefit of everyone, including our investors. investors. everyone, including our of benefit and only by even better it make a vision to we have but working with investors and businesses can we do that.” working with investors city region, all you need to do is glance across the do is glance across you need to all city region, and changing. growing see how we are skyline to This will help Greater Manchester to thrive for the thrive for to Manchester This will help Greater

here has never been a better time to invest in invest time to been a better has never here Greater Manchester. Over the past 12 months months 12 the past Over Manchester. Greater We have been investing in our culture and leisure and leisure culture been investing in our have We We have recently launched the consultation on our launched the consultation on our recently have We T the best places in the world to grow up, get on and up, get grow places in the world to the best in skills and infrastructure to make this a place where this a place where make to in skills and infrastructure housing in the right places for everyone and investing places for housing in the right business thrives. prosperity improve plan to our Strategy, Industrial Local we have made great progress in making this one of in making this one of progress great made we have and productivity, and want to build on our unique build on our to and want and productivity, offers, looking at how we can provide the right the right how we can provide at looking offers, grow old. grow He was elected Greater Manchester’s first Metro Mayor in 2017. Mayor Metro first Manchester’s was elected Greater He in the region investing case for the Burnham makes Andy Here The vision Mayor’s “ p4-5 burnham.indd 5

26/11/2018 12:09 Manchester also has a Manchester The arrival of major major of The arrival businesses to the city like like the city businesses to which is opening Amazon, Manchester office in its first has 600 new jobs, creating other for been a lightning rod in – come businesses to growing particularly in the fast and media digital, technology sectors. financial and strong services sector professional leading market offers that a growing from support locally, equity private of number Manchester is a rich destination for investment and investment is a rich destination for Manchester houses to a strong professional and legal services professional a strong houses to years five launched in Manchester TLT community. a full service expand into law firm ago with plans to achieved this and our years; we have ten to within five in Manchester investing and growing to commitment as ever. as strong remains big ideas with a unified what a shining example of ambition can deliver. kind of and the right approach the ground include the transformation of the 24-acre the 24-acre of include the transformation the ground a high into Mayfield station at railway former derelict U+I and the new quality urban neighbourhood by the former neighbourhood at city centre St. John’s London. Allied Studios by TV Granada

The result is a deservedly The result this is a unique alignment all of the heart of At Airport are NOMA, Manchester Spinningfields and

Dan Sweeney, partner, TLT LLP TLT partner, Dan Sweeney, +44 (0)333 006 0309 [email protected] www.TLTsolicitors.com Manchester has a strong track record of inward invest- inward of record track has a strong Manchester hasn’t and that and a thriving business economy, ment this investment of The nature chance. happened by the distinctive character- story about a verytells clear is ambitious, Manchester the city and region; istics of – perhaps and rich in talent important during increasingly these uncertain times – uniquely resilient. big for positive reputation work, and a unified ideas that getting these to approach In my the ground. ideas off working predominantly area, and retail estate, in the real few the past sectors, leisure seen numerous years have off take projects landmark and businesses committing and the city and region to to survive and thrive. finding ways between the city and business, engaging with potential its vast realise to business and investors change. adapting to and keep kept have ambitious schemes that examples of great urban development. of the forefront at Manchester of getting out currently are developments that Newer City of distinction SPONSOR FOREWORD SPONSOR 4 TLT 75294.indd 4 Greater Manchester NUMBERS

TOP 10 COMPANIES

Turnover £m Pre-tax profit £m Employees Company Latest Previous Latest Previous Latest Previous Year end 1 THE CO-OPERATIVE 9,470.0 9,472.0 72.0 (132.0) 22,308 70,399 Jan 18 2 LOOKERS 4,696.3 4,281.7 58.4 91.8 8,599 9,081 Dec 17 3 JD SPORTS FASHION 3,161.4 2,378.7 294.5 238.4 30,292 25,826 Feb 18 4 ADIDAS (UK) 1,055.3 888.2 34.4 29.0 1,136 1,143 Dec 17 5 N BROWN 922.2 900.7 16.2 57.6 2,644 2,742 Mar 18 6 MANCHESTER 839.6 778.8 129.1 117.2 5,188 4,908 Mar 17 AIRPORTS 7 GGM 814.0 806.3 2.6 4.2 1,615 1,410 Dec 16 8 PZ CUSSONS 809.2 821.2 88.0 83.7 4,520 4,998 May 17 9 AO WORLD 796.8 701.2 (13.5) (7.0) 2,771 2,506 Mar 18 10 KELLOGG MARKETING 773.4 795.2 22.1 13.0 312 260 Dec 16 AND SALES (UK) Source: Insider research, Experian MIQ 2018

BUSINESSES BY STAFF

Micro (0 to 9)...... 93,875 Small (10 to 49)...... 9,300 Medium (50 to 249)...... 1,655 107,000 EMPLOYEES IN THE Large (250+)...... 420 MANUFACTURING Total...... 105,255 INDUSTRY Source: ONS

GVA GROWTH BY INDUSTRY £m

10,000

37.7% Professional, scientific, 7,500 technical, administrative and support services 14.3% Manufacturing 5,000 Financial and insurance 3.7% 29.5% Information and 2,500 communication

0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Source: Office for National Statistics

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GM p6-7 Stats.indd 6 26/11/2018 13:08 1,544,400

63.2% Aged 16-64 years 62.9% Great Britain

74.3% Economically active (16-64yo) 78.4%

31.3% Education (NVQ4 and above, 16-64yo) 38.6%

£513.2 Median weekly earnings (full time) POPULATION 2017 £552.7

2,798,800

Greater Manchester Aged 16-64 years 63.8% 62.9% Great Britain

76.3% Economically active (16-64yo) 78.4%

35.0% Education (NVQ4 and above, 16-64yo) 38.6%

£506.1 Median weekly earnings (full time) £552.7

Source: ONS

UNIVERSITIES

STUDENT NUMBERS 40,490 Total Undergraduate Postgraduate Total Undergraduate 33,010 Postgraduate xxxxx 27,895 27,070 26,780 xxxxx 22,445 20,940 19,995 18,325 15,475 15,220 12,590 11,615 4,520 4,115 3,965 3,605 5 5 6,425 6,135 6,235 1,280 1,195 955 74 74 640 430 430 315 5,225 5,240 — —

The University The Manchester The University Royal Northern The University Edge Hill Liverpool Hope Liverpool John The Liverpool The University Liverpool School of Bolton Metropolitan of Manchester College of Music of University University Moores University Institute for of Liverpool of Tropical University Performing Arts Medicine Source: HESA 2016/17, REF2014

RESEARCH DEPTS

Number of high quality* Average quality The University of Bolton 4 1.9 The Manchester Metropolitan University 13 2.7 The University of Manchester 35 3.1 Royal Northern College of Music 1 3.1 The University of Salford 13 2.5

*average research quality is 2* and above in a classification range of 1 to 4 (nationally recognised to world leading respectively) Source: HESA 2016/17, REF2014

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GM p6-7 Stats.indd 7 26/11/2018 13:08 As Europe’s top city for business competitiveness and global top 10 Foreign Direct Investment (FDI) destination, Manchester is your ideal location.

MIDAS, Manchester’s award-winning inward investment agency, provides complimentary business services that will save you time, money and effort and de-risk your investment.

Free services include: investment case development; research; property solutions; recruitment & training advice; and assistance with financial support.

Our connectivity, talent and innovation attract firms looking to grow their global competitiveness in Manchester. Whether you are a start-up, SME or large organisation, our expert team will give you the advice you need.

p8-9p8-9 gm gm investable investable sites.indd sites.indd 8 8 23/11/201826/11/2018 16:32 13:09 FEATURED SITES

1. Manchester Science Park, Manchester 6. Future Carrington, Trafford Situated at the heart of Corridor Manchester, the Working with Trafford Council, Himor is bringing city’s innovation district, Manchester Science forward the 1,660-acre Carrington Estate, Park is home to more than 120 businesses. The incorporating the former Shell processing plant, £60m expansion of the Citylabs campus is Carrington Business Park and neighbouring land. under way to create Citylabs 2.0 and 3.0, in a joint venture partnership with Manchester University 7. MediaCity, Salford NHS Foundation Trust (MFT) and Manchester Home to the BBC and ITV, as well as many more Science Partnerships. media, digital and technology-based businesses, MediaCity comprises 700,000 sq ft of office space 2. Port Salford, Salford and 250,000 sq ft of studios, as well as retail, Port Salford encompasses 500,000 sq ft and will leisure and residential space. Further phases of comprise an inland port, container terminal and development over the next decade will see distribution park. investment of up to £1bn to double the size of MediaCity by 2030. 3. Manchester Waters, Manchester The redevelopment of Pomona Island will bring 8. Rivington Chase, Bolton forward a mix of residential, retail and leisure With its sights set on creating a new neighbourhood, space. The development of the Cornbrook area, Rivington Chase is the redevelopment of a located close to the Pomona waterfront, will 183-acre former industrial site along the M61 corridor. comprise an 18-storey hotel, residential units and It will feature 379,000 sq ft of employment and a retail offer, complemented by a new business mixed-use commercial space, 1,700 new homes hub, with the aim of positioning itself as one of the and more than 50 acres of open space, including most important new commercial office opportunities pedestrian and cycle routes. in Manchester. 9. Exchange, Stockport 4. Pier Waterfront, Wigan The Stockport Exchange office-led, mixed-use The site extends to some 173 acres covering development will be built in phases until 2020. The Westwood Park, located close to Wigan town first and second phases have been completed As Europe’s top city for business competitiveness centre and the Wigan Pier Quarter. In March, and include a 1,000-space car park, 45,000 sq ft and global top 10 Foreign Direct Investment (FDI) Step Places was chosen by Wigan Council, in of grade-A office space and a 115-bedroom hotel. destination, Manchester is your ideal location. partnership with the Canal & River Trust, to lead the project. Plans involve transforming 18th MIDAS, Manchester’s award-winning inward investment agency, century industrial buildings into a mixed-use provides complimentary business services that will save you time, scheme designed to be a catalyst for wider money and effort and de-risk your investment. development in the area. Free services include: investment case development; research; property solutions; recruitment & training advice; and assistance 5. Airport City, Manchester with financial support. Airport City offers 5 million sq ft of business space for manufacturing, logistics, life sciences, grade-A Our connectivity, talent and innovation attract firms looking to grow office, retail and leisure accommodation, anchored their global competitiveness in Manchester. Whether you are a by an international airport giving access to both a start-up, SME or large organisation, our expert team will give you the advice you need. major UK city and the global marketplace.

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p8-9 gm investable sites.indd 8 23/11/2018 16:32 p8-9 gm investable sites.indd 9 26/11/2018 13:09 Competing with the best

Manchester city centre’s success in attracting large investments has put it firmly on the global map. What does the future hold for other areas of Greater Manchester in the race for further development?

Tim Newns MIDAS AROUND THE TABLE

z Tim Newns MIDAS This year Manchester was ranked tenth in the world as z Shelagh McNerney Salford City Council a destination for inward investment by IBM – so we’re z Tom Renn Manchester Science Partnerships ahead of some major global cities. We are the most z Philip Nell LaSalle Investment Management invested in city outside of London by a country mile; z John Searle Council last year we had around 57 foreign investment projects. z Dan Sweeney TLT There is a huge amount of positivity at the moment. z Sam Walker Canmoor Asset Management And a whole stream of technology firms are coming in, z Will Church CBRE Capital Advisors from large international to smaller niche players. It’s a z George Haddo LJ Real Estate Advisors slightly different story outside the major conurbation. z Simon Hesketh U+I We’re very aware of this, and we need to think about z Richard Yorke CoStar how we get investment into other , too. We’re z Ian Mayhew Barings looking at a number of initiatives to make this happen. We need to make sure there is still stock available at prices people can afford in key areas. That’s why the much of the wrong thing. Manchester needs to be Greater Manchester Spatial Framework is so important. careful of this – particularly in regard to PRS [private rented sector] schemes. Philip Nell LaSalle Investment Management Shelagh McNerney Salford City Council Part of Manchester’s success has been the political momentum that it has had, and the GM Combined There are clearly opportunities around Greater Authority has taken this to the next level. For us as Manchester; it’s not an homogenous market. For us investors it’s always about deliverability and engagement in Salford we have no problem with trading off the with a local authority that you know could deliver. Manchester brand but we are a different city and the We love the liquidity of Manchester, and of course opportunities are different, too. The story of MediaCity having two internationally recognised football clubs is is well known but isn’t always viewed as the great important when it comes to attracting overseas capital. asset that it is in other parts of GM – it’s not just about There is sometimes a danger that you can build too the BBC but there’s a whole cluster there. There is a

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p10-13 GM work rt.indd 10 26/11/2018 13:09 SPONSORED BY WORK. ROUND TABLE

| Philip Nell | Shelagh McNerney

| Sam Walker | John Searle | Dan Sweeney

challenge for Greater Manchester in shaping the “ Manchester is about transpor- next generation of opportunities. There need to be comprehensive plans; the challenge is putting tation, talent, tolerance and its that together in the best way and curating the places we’re developing. international connections.” Simon Hesketh Tom Renn Manchester Science Partnerships companies; we’re also keen to attract the early-phase We have about 200 customers along the Oxford Road companies and wrapping support around them, and corridor and we’re focused on growing commercial we see this as one of the primary drivers of the city as space within innovation districts in the UK. We’re fortunate well. Manchester has a great success rate in growing in terms of transport connectivity to the sites and and scaling businesses. we have good power and good fi bre. Our challenge has been in bringing products through at the right John Searle pace. We have done some speculative developments Rochdale Council without pre-lets in place, as people wanted more fl exibility. So we’ve had to adjust our business model Rochdale has a real growth agenda and it wants to to keep ourselves with a constant fl ow of product. punch above its weight in Greater Manchester and It’s important to note that we’re not just after the big start to deliver a greater contribution to GM growth.

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p10-13 GM work rt.indd 11 26/11/2018 13:09 Rochdale is only a 15-minute train journey from the “We need to ensure the city centre of Manchester and this presents a huge opportunity. There’s been a lot of investment into remains vibrant, especially the city centre and the trickle-down effect from that is starting to happen. We want significant growth in from a retail perspective.” housing and employment. But we also need infrastructure Dan Sweeney investment. We want to work with developers and investors to make things work. In terms of industrial spaces there’s very little supply – both for tenants and parking ratios. We’ve even had requests for one-to-one investors – and very little development land left. parking – a space for each employee. We want to get people to use their cars less and consider other means Ian Mayhew of transport. Manchester is still very attractive for Barings overseas buyers; I know of one building that was seen by a Chinese investor who flew in, took a look at it, put Inward investment has been a success, as demonstrated an offer in and bought it two weeks later. And they’d by the likes of Booking.com and Amazon. That never appeared on the Manchester market before. momentum needs to be continued. And rather than just trying to compete nationally, Manchester should Will Church have a clear focus on how it can compete against CBRE Capital Advisors other international cities. I think the universities, Manchester City Council and private sector could be I manage the North West Evergreen Fund, which doing more to emphasise the scale and offer provides debt for developments that are struggling of the universities to potential employers. A close to get it from traditional sources but are still good working relationship with the universities, private and projects. We’ve provided about 20 loans so far. We public sector is becoming increasingly important. also lend to private sector investors, especially banks from overseas that want exposure to the UK. They Dan Sweeney absolutely love Manchester. For us, working with local TLT authorities is very important because it’s through a partnership approach that things get done. I think We have a client base that is centred on digital and Greater Manchester is getting it right. Other parts of tech, and in retail. For some of our clients there’s the country are looking at the North West as a beacon a scarcity of product on the drier investments. Going for what can happen. back five years or so we were picking up plenty of deals in the £5m to £15m bracket that clients were George Haddo buying in and around Manchester, but those are LJ Real Estate Advisors not there now. I think one of the key opportunities is in looking at places outside Manchester, because We have five buildings in Manchester, mostly around assets are available. There are a lot of young people Albert Square, and we focus on the revitalisation and in the city who we want to keep there; we need refurbishment of existing buildings. The vast majority of to make sure the city remains vibrant, especially from demand for office space in central Manchester – and a retail perspective. in other areas – is well below 5,000 sq ft. Big schemes are very important as they bring in the big names, Sam Walker but you have to supply the smaller end of the market Canmoor Asset Management too. We believe the refurbishment of buildings and offering smaller spaces is the way to go. We need to We’ve been surprised that at one of our assets in Salford learn the lessons of London – we don’t want Salford Quays, the Anchorage building, which was built in or Rochdale, for example, to become like Shoreditch, 1990, enquirers are asking for better than one to 250 which is now as expensive as the city.

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p10-13 GM work rt.indd 12 26/11/2018 13:09 SPONSORED BY WORK. ROUND TABLE

| Richard Yorke

| Tom Renn

| Ian Mayhew

| Simon Hesketh

| Will Church | George Haddo | Tim Newns

Simon Hesketh “ We believe refurbishment of U+I buildings and off ering smaller Our big project is Mayfi eld, a 25-acre scheme next to spaces is the way to go.” Piccadilly station, a 50/50 venture with the public sector. Manchester is about transportation, talent, tolerance George Haddo and its international connections. As the centre of Manchester gets better in attracting big businesses, rents and investment values go up. This should have a going on and we have an increasing number of foreign wash-over effect for other Greater Manchester towns. investors, as well as developers and the public But it shouldn’t just be about availability of buildings; it sector here, who use our data to understand the needs to be about quality of infrastructure, education, opportunities. The data for Manchester is particularly transport, and the cultural offer and quality of life. robust at the moment, from both an occupier and an investor perspective. International users of Richard Yorke our data are becoming increasingly sophisticated CoStar and benchmarking different opportunities. If you benchmark Manchester against other locations it does We’ve been tracking Manchester and the North West extremely well. Not only does Manchester have for 20 years. Clients use us to understand what’s investment liquidity, the tenant market is very high too.

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p10-13 GM work rt.indd 13 26/11/2018 13:09 Residential renaissance

As part of Insider’s Live, Work, Play theme, the investment forum gathered public sector leaders, investors and property experts to find out about the long-term priorities for Greater Manchester’s housing offer

Sir Richard Leese regeneration and redevelopment, it is starting to make Manchester City Council inroads. We’ve bought a shopping centre but we are going to demolish it; we’ll have retail that’s far smaller The ingredients for a growing city are skills, innovation but we’re going to develop a quality of life offer. and infrastructure. But one reason the city centre is so Residential will be key. There will be different types successful is it has a lifestyle that lots of young — and of housing. We’re interested in technology around not so young — professionals want. In terms of sectors, connectivity and transport, potentially driverless the big two are health innovation and advanced materials transport, and are also redeveloping our leisure offer. with advanced manufacturing. Manchester is also We’re developing as one strategic place, and are growing in digital and tech faster than anywhere else having conversations about building schools. We’re in Europe. The other big growth area is creative arts. In also working on our unique selling point with partners. Greater Manchester, three times as many people are We want a place that’s dynamic and attractive, and employed in that sector outside London than the next we need to do it in the right proportions. So we will biggest city, Glasgow. In tech, Manchester has 20,000 be demolishing some buildings, but we won’t replace more people than the next biggest, Reading. them with lots of high-rise. Reading has grown by being close to London but not being London. We need to do the same with our Greater Manchester towns. The estimated city centre AROUND THE TABLE population by 2020 is 100,000 people, but that’s still not enough to sustain the industry and commerce z Sir Richard Leese Manchester City Council we’re developing. We also need to significantly z Tony Oakman Bolton Council increase the quantity of decent, secure, low-rent, z Richard Roe Trafford Council ideally council housing. Tackling poverty is important z Michael Howard Urbanbubble but we can’t do it overnight. We need a housing offer z Phil Mayall Muse Developments for people at the bottom end of the impact spectrum. z Gavin Taylor Far East Consortium z Dan Batterton Legal & General Tony Oakman z Bolton Council Graeme Orchison TLT z Kenny Orpin CBRE Capital Advisors Bolton has a population of 300,000 and, on the back z Paul Martin Patrick Properties of the Greater Manchester approach to town centre

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p14-19 GM live rt.indd 14 26/11/2018 13:10 SPONSORED BY

Phil Mayall Muse Developments

There’s no point approaching a site and thinking it would work for residential because we need to deliver so many units here; you’ve got to create aspiration. | Richard Roe If we can give people an option that allows them to stay in the Greater Manchester towns but also connect to Manchester city centre, it’s a win-win. We mustn’t be complacent; our graduate retention is high but we shouldn’t take it for granted. If we don’t keep presenting opportunities and the aspiration to stay, particularly in the Greater Manchester towns, we’re going to lose people. For us, it’s about working with the local LIVE. authorities around Greater Manchester to make the most of what they’ve got. Each has unique

assets you can build a place and a community on. It’s ROUND TABLE about seizing the opportunity. If foreign investment is the opportunity, you take it – in the right circumstances – to drive the community benefi t.

| Michael Howard | Kenny Orpin Richard Roe Traff ord Council

How do we ensure inclusive growth? It’s about connecting the industrial strategy and housing offer. The housing offer needs to be across different price points, and we need to create employment across Greater Manchester. That’s what the Greater Manchester Spatial Framework [GMSF] is set to do. We need to link that with the transport strategy; how we get people from where they live to where they work. Above all is the education piece and skills and training. We have a strong focus on town centres. We bought a shopping centre [’s Grafton Centre], | Phil Mayall and are looking to redevelop it. We’ve had success in Altrincham and need to replicate it in our other town centres. and Sale are two we’re turning a huge amount of attention to. Carrington is a strategic development site; we’re working closely with Himor there. There’s still lots to do in remediation and transport infrastructure but it’s a fantastic employment opportunity.

Kenny Orpin CBRE Capital Advisors

I’m a Londoner living in Manchester out of choice. I’ve | Gavin Taylor | Paul Martin seen it change massively in the last 13 years. I think

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p14-19 GM live rt.indd 15 26/11/2018 13:10 the city centre has become a place to live. In part it’s due to the amenities, the theatres and food and beverage offer but it’s also about community. The city has changed massively for the better. The outer boroughs are coming into their own on the back of the success of the city centre. They will continue to grow and we will see more inward investment going out to Trafford, Bolton, Rochdale, Bury and others – we’re certainly seeing that. In just the past 12 weeks, I’ve taken around a Japanese fund and a Canadian fund looking at residential outside the city centre.

Gavin Taylor | Sir Richard Leese Far East Consortium

Manchester has a brand. If you were out in Beijing six years ago, and speaking to people about Manchester, they would recall Manchester United. But now they understand more about the city, infrastructure, universities, the cultural aspect — they are really well informed. And they know about Manchester in Singapore, Thailand, Australia. On the international investment piece, we are driven to deliver sustainable communities; it’s one of our | Tony Oakman | Graeme Orchison success factors. It creates value, which in turn leads to profi t. It’s not a narrow-minded view, we are investing in schools, and in all that good stuff that creates diversity in tenure. In turn, it creates value not only for that community and the city, but for us, the investor. We’re not myopic; success comes from creating a community. I think we can be too fi xated with Brexit; the world is bigger. We produced a paper about the upcoming headwinds [and concluded that] it will smooth out in the long term. There may be a softening, but it’s not going to be the deep recession we just had.

Graeme Orchison TLT

I am an example of graduate retention. I came to Manchester to study law. I did my professional qualifi cations here and I’ve been here over 30 years. What I have seen in that time has been staggering. I am excited to hear about what’s coming, too. The fi rm opened in Manchester in 2013 with one man and we’ve grown signifi cantly. We’re continuing to grow and have a very strong tech team here. For me, | Dan Batterton the key issue with quality of life and living spaces is

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p14-19 GM live rt.indd 16 26/11/2018 13:10 SPONSORED BY

talent attraction and retention. It’s a big issue for all “Community is not about professional services firms in Manchester and if we don’t get the living space right in the city centre and property, it’s about people surrounding areas we are going to suffer. Connectivity may potentially cause an issue too – if it was better and place.” you could see talent transferring between Manchester Michael Howard and Leeds.

Michael Howard own the homes there for 40 years-plus. Quality of life Urbanbubble isn’t age-specific, so we need a range of price points, sizes, locations to attract a balanced, diverse We’ve only just got started. If you look at 2019/2020, community. Next summer our next big scheme there are about 12,000 homes finally being delivered. in Manchester opens. The apartments at Deansgate That’s a considerable amount of stock. Community is Square are quite large. I think that gives us the LIVE. not about property, it’s about people and place. What opportunity to target a slightly more mature demo- we’ve done well in Manchester is to listen and develop graphic who want to move back into the city.

better residential stock for the next phase. We have By 2021, the thousands of homes delivered across ROUND TABLE a diverse rental stock [coming forward], some with Manchester will be a game-changer. House price fantastic outdoor space and some without. We’re also inflation is not good for the economy, it takes equity finally getting schemes that are oversized; that’s what I out. Having wage growth ahead of house price think Deansgate Square will bring. inflation, which Manchester should be in a strong And we’re not just building amenity-rich properties, position to deliver, makes it a more attractive place for we’re building amenity-rich communities. If you look people to live. at the good work at Ancoats, five years ago there was nothing there. Now we have some of the UK’s most Paul Martin revered food and beverage operators, independents; Patrick Properties that’s why people are moving there. The next thing we need to think about as a community is how we keep Location drives where people want to live. That’s the people here. The first thing we do when we have kids starting point. We cannot overlook the community is look at Ofsted and move out near the best schools. aspect. We serve the Greater Manchester communities We need to ensure we’re building early years care and and inward investment should shape the place for primary schools to keep people in the city centre. our communities. It’s not for overseas funds to own residential blocks just as a way of making money. They Dan Batterton have to be functional living places. If we don’t get that Legal & General right, we’ll have failed our kids and future generations. Greater Manchester is a fantastic conurbation, not just Those globally important technological advancements, the city centre. We need the right infrastructure for like graphene and 2D materials, people are recognising places like Bolton and , the challenges there that they are from Manchester. MediaCityUK and some are markedly different to the city centre. We are not other long-term schemes that are changing the shape a homogenous conurbation and so part of our jobs of the city, like Spinningfields and New Bailey, are should be balancing that in a sustainable way. It can’t recognised by other UK cities as things to copy. They be one-size-fits-all. The strategies have to be diverse, are asking what Manchester has done differently to and serve the communities. In the next 12 months, it’s attract the investment to allow these schemes to get important to us that the GMSF is put in place to give going. For us, as a pension fund investing into the city, the certainty everyone needs to make the requisite it’s about long-term horizons and the vision to think investments, and to ensure delivery is happening it will work. Our decision to work with Muse in New when we may be entering into more turbulent Bailey is looking at the assumption that we’re going to economic times that we need to future-proof against.

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p14-19 GM live rt.indd 17 26/11/2018 13:10 Airport City Manchester Manchester Airport | www.airportcity.co.uk | @airportcityuk DEVELOPER

Airport City Manchester is being Contact SCHEME UPDATE delivered by a joint venture between Manchester Airport Group (MAG), Adam White Director of Commercial Beijing Construction Engineering Group & Business Development, International (BCEGI) and the Greater MAG Property Manchester Pension Fund (GMPF), all leaders in their respective fields. This experienced partnership is working T: 0161 489 3448 [email protected] alongside a wide range of trusted www.airportcity.co.uk suppliers and market leading experts; many of whom have worked on the scheme since inception.

PROJECT SUMMARY

Comprising 5m sq ft of office, hotels, logistics, space, supporting up to 10,000 jobs over the and hybrid space, Airport City Manchester is next three years. Further development in the one of UK’s most exciting business destinations pipeline includes a 92,000 sq ft office building, in development today. Work on the site is 1,500 space multi-storey car park and new £6m underway, including the completion of a new foot and cycle bridge to connect the site to £15m link road, the announcement of a new the transport interchangebusinesses with the £180m hotel district and The Hut Group recently opportunity to optimise in a place where they can agreeing to develop 1m sq ft of office and studio truly embrace change.

£1 billion landmark property development

5m sq ft office, logistics, hotel & hybrid space

16,000 PARTNERS new jobs created over 15 years

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Airportp14-19 CityGM 75045.inddlive rt.indd 18 All Pages 26/11/2018 13:10 21/11/2018 09:02 Airport City Manchester Manchester Airport | www.airportcity.co.uk | @airportcityuk DEVELOPER

Airport City Manchester is being Contact SCHEME UPDATE delivered by a joint venture between Manchester Airport Group (MAG), Adam White Director of Commercial Beijing Construction Engineering Group & Business Development, International (BCEGI) and the Greater MAG Property Manchester Pension Fund (GMPF), all leaders in their respective fields. This experienced partnership is working T: 0161 489 3448 [email protected] alongside a wide range of trusted www.airportcity.co.uk suppliers and market leading experts; many of whom have worked on the scheme since inception.

PROJECT SUMMARY

Comprising 5m sq ft of office, hotels, logistics, space, supporting up to 10,000 jobs over the and hybrid space, Airport City Manchester is next three years. Further development in the one of UK’s most exciting business destinations pipeline includes a 92,000 sq ft office building, in development today. Work on the site is 1,500 space multi-storey car park and new £6m underway, including the completion of a new foot and cycle bridge to connect the site to £15m link road, the announcement of a new the transport interchangebusinesses with the £180m hotel district and The Hut Group recently opportunity to optimise in a place where they can agreeing to develop 1m sq ft of office and studio truly embrace change.

£1 billion landmark property development

5m sq ft office, logistics, hotel & hybrid space

16,000 PARTNERS new jobs created over 15 years

18 19

Airport City 75045.indd All Pages p14-19 GM live rt.indd 19 21/11/201826/11/2018 09:0213:10 | The iconic Hanover building will house Amazon’s first UK corporate office outside of London The year tech walked the talk Manchester’s ecosystem of technology companies is maturing. In the past 12 months, the city region has made big leaps forward

hen three regional tech companies become fast becoming the centre of the sector in the north. Wunicorns in the same year, it sparks interest According to a recent report by Tech Nation, beyond the North West. In the past 12 months, the city is now home to nearly 70,000 digital tech jobs software giant BluePrism, ecommerce success The and was responsible for more than £3.4bn of GVA Hut Group and online travel business On the Beach in 2017 alone. The giants of tech are continuously have achieved billion-dollar valuations, elevating joined by startups and scale-up businesses, all Greater Manchester’s tech story ever higher. seeking to grow in an ecosystem now heavily backed Alongside big investments from Booking.com and Amazon – people are sitting up and taking notice. “These unicorns have raised the profile of the city,” says GP Bullhound director Nick Horrocks. “Investors £3.2BN will look at Manchester and think ‘there is something THE COMBINED TURNOVER OF going on up there – we’d like to find out more’.” DIGITAL AND TECH COMPANIES Tech companies at this scale also attract and retain IN 2017 the best talent and create jobs in a city that is Source: Tech Nation

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p20-21 GM digital and tech.indd 20 26/11/2018 14:46 LIVE.WORK.PLAY. 21 26/11/2018 13:11 Global defence and aerospace business and aerospace Global defence services intelligence and two cyber “We have draw in and develop to “We needed a centre the businesses is aspect, he says, The other University, initiatives with Lancaster “We have youth projects, Raytheon is also working on Raytheon will also be for the focus In 2019, Manchester’s digital digital Manchester’s super-strengths in Manchester invests Raytheon Northern Powerhouse report, a 2017 to According in digital, global leader be a to West the North for that its expertise. should exploit Manchester In it cybersecurity as of has heralded the emergence a digital super-strength. it in the UK. In 2017, staff Raytheon has 1,700 Salford in opened a £4m cybersecurity centre it the cybercentre says Ager Luke Director Quays. was nearing capacity. in 2012 opened in Gloucester In one, we help customers customers. our for and vulnerabilities within their identify threats protect, we help to In the other, organisation. threats.” and mitigate respond its because of is perfect talent. Manchester those gives us to universities, plus the access it cyber Advanced widely. more West in the North being run here.” courses are support skills and the chance to in the region contexts. “We have in other development backgrounds new starters with other graduates, in the 70-strong and experienced professionals working towards so far, built we have team cyber Ager. says recruits,” 150 with universities work We and we run workshops. in part.” own engineering syllabus, our mirror to Youth with a charity called “We partner adds Ager. to Fed, which has a security operations centre also run We young people develop skills. help young on bringing schools events with a focus in cyber.” and pursuing careers STEM women into a reality. apprenticeships cyber make on how to all taking shape,” it’s going on, but a lot “There’s Ager. says

The Tech Nation report highlights the city region’s highlights the city region’s Nation report Tech The in increase players and other As the unicorns grow, only and Booking.com will Amazon The news from Many people will point to a potent combination of combination of a potent to Many people will point behemoth Amazon online retail In October, Eagle Labs on include Barclays’ openings Recent Science Partnerships announced Manchester In May, it would be creating 2,000 jobs in the next decade 2,000 would be creating it the at a £2m incubator of with the development the Circle part of Centre, Technology Manchester development. Square and enabler one strength community as the number of proximity This is supported by its success so far. of live and in which to universities and an appealing area believes Manchester Horrocks Bullhound’s work. GP the right combines appeal, because it will always of with a cost community and infrastructure, balance of works. living that continues. innovation of so the circle scale and size, encourage and support need big companies to “You “People in Horrocks. says companies,” the smaller years’ ten five or gathered have those organisations companies, and they help smaller experience, to great the supply chain.” with them as part of can also work will It and capability. innovation on this cycle of spur interested. investors also keep by Mayor Andy Burnham and a series of sector sector and a series of Andy Burnham Mayor by champions, Trust. including Tech Manchester and engaged and a growing universities, connectivity, in the population, which has been boosted developer Booking. giant tech from investment major by year past in a £100m jobs will be created of com. Hundreds moves it firm as the NASDAQ-listed by investment in City development Enterprise Allied London’s into Manchester to points Ian Brown executive 2020. Chief important tech and most largest Europe’s as “one of over here grow to big ambitions hubs… and we have years”. the next 12 at jobs” 600 “silicon-valley locate would confirmed it the Co-op in the Northern headquarters of the former the ambition of language matches This kind of Quarter. be supported to which continues ecosystem, the tech the city. across new and developing incubators by to and the building adjacent Square Albert be transformed Fields will offices in Birley UKFast’s which will be facility, the FastForward into support for and offer Manchester Tech managed by early-stage companies. p20-21 GM digital and tech.indd 21 | View from 1 St Peters Square

Credit: Marketing Manchester Fintech marches forward, as tradition meets the future Financial and professional services are making strides, as technology collaborations and new companies shine a light on fresh opportunities

f you walk down through the middle of Manchester, desires of technology and talk of ‘fi ntech’ has been a Ialong King Street and down towards Spinningfi elds, hot topic of conversation across the sector. old connects with new for an industry that continues to According to inward investment agency MIDAS, experience strong growth in the region. existing and incoming companies are looking The fi nancial and professional services sector has to hire more tech talent, to service clients in new and long been a big contributor to regional growth, and better ways and help support their own digital developments around the civic heart of the city – on transformation. Businesses are also exploring how St Peter’s Square – have created new locations to they can broaden their supply chain to include support its future. companies that can help develop services or products. In the past 12 months, the traditions of these com- New entrants such as Ebury, which helps international panies have been met by the younger, more disruptive businesses manage currency risk, and mobile

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p22-25 prof services.indd 22 26/11/2018 13:12 LIVE.WORK.PLAY. 23 26/11/2018 13:12 Jonny Nixon and Mike Bradbury and Mike Bradbury Nixon Jonny Ardenton: Iain Marlow, James Worrall, Worrall, James Marlow, Iain | Ardenton: In Manchester, Ardenton is led by Michael is led by Ardenton In Manchester, most from differs Bradbury “Ardenton says: access base to made the perfect “Manchester equity and private Marlow adds: “Manchester’s Ardenton landed in Manchester just two just two in Manchester landed Ardenton a city in feet nding its is fi but ago, years equity in private strong equity business private Canadian-headquartered ce offi UK rst fi Capital opened its Ardenton on investing in with a focus in January 2017, Headquar- the regions. businesses in midmarket ces across has offi Ardenton Vancouver, in tered on base focuses Canada and the US. Its London fundraising. BDO, and Iain Marlow, who joined from Bradbury, has Since its launch, it Deloitte. who was at elds base, Spinningfi expanded within its strategic of appointing Allan Dunn as director investment as associate Worrall development, James manager. and Jonny Nixon as investment director investing with a long-term rms by equity fi private the businesses divest to with no intention focus we sector-neutral, So while we are we acquire. on investing in established businesses do focus services will be as that or supplying products today. are time as they years’ in 20 relevant and the Yorkshire , up to entrepreneurs teams management strong for look We Midlands. £10m, £2m to of and businesses with an EBITDA the business for funding could help de-risk where the next stage.” to growth accelerate or owner – we’ve is also strong nancial services market fi in the city.” build a good team been able to Strong base for base for Strong newcomer An example of how the old and new are working how the old and new are An example of a transformational is having ntech believes fi MIDAS more make efforts to region’s the city Additionally, nancial and professional on fi research The latest per people (14.1 51,945 in 2016, that says The report through blur, continue to As the lines between sectors payments business Adyen, are just two examples of of two examples just business Adyen, are payments city region. the of the potential by attracted companies companies providing technology also large are There rms nancial services fi services the industry to and fi The including footprints, technology with major OakNorth HSBC, and Co-operative Bank, Barclays, Insurance. Swinton the Law launch of in partnership is the recent and Technology Initiative. The industry-academia Manchester, consortium of the University – led by – Deringer elds Bruckhaus and Freshfi Ventures, DWF rms with academics legal services fi brings together science to business, and computer law, across and the on innovation focused develop research time of is a It new technologies. application of collaboration and change. and is driving innovation sector on the wider effect believes we will see more industries. It other across collaboration between Greater increased from growth and the city nancial services sector fi Manchester’s cyber including ecommerce, specialists, other region’s sciences. security and life ‘data of the concept data public and drive forward become a is well-placed to mean it democratisation’ new products trial rms looking to fi nancial fi bed for test experiences. Regulatory customer improved and deliver create to set initiatives such as open banking are with other partner banks to new opportunities for jobs. further and create companies, shape products “is a rms the region confi TheCityUK services from banking, general excellence for of centre particular consulting and accountancy”, insurance, management the the heart of at remains “Manchester and that industry employment fth of one fi accounting for industry, in the region”. nancial in the fi employed were all employment) of cent with services in Manchester; professional and related (10.3 Stockport cent); 6,930 in per (11.2 Salford in 7,110 cent). per (9.5 in Bolton cent) and 5,895 per Manchester’s and collaboration, Greater technology services industry looks set nancial and professional fi shape its future. blend old and new to to p22-25 prof services.indd 23 Andrew Rands Ed Keany +44 (0)7740 414036 +44 (0)7734 229202 [email protected] [email protected]

p22-25 prof services.indd 24 26/11/2018 13:12 Andrew Rands Ed Keany +44 (0)7740 414036 +44 (0)7734 229202 [email protected] [email protected]

p22-25 prof services.indd 25 26/11/2018 13:12 A statement on skills The region’s universities are working hard to blend with business, and develop future talent

hen Manchester’s technology ecosystem came Wof age, there was a move by one university to set out a compelling vision for the future and seek to • 99,000 students attend address the need for creative and digital professionals Greater Manchester’s four in the economy. In September, Manchester Metropolitan universities University announced it was launching the £35m School of Digital Arts (SODA), which will be its new • There are 22 universities home for creative and digital storytelling, bringing within an hour’s drive together art and design with technology and computing for the first time. • The city region produces The new facility will open its doors in 2021. It is set more than 33,000 graduates to produce more than 1,000 graduates every year a year with expertise in film, animation, UX design, games Source: MIDAS design and artificial intelligence. They will work on live projects with industry partners to produce the skills and solutions demanded by the sector. The new Control and Automation degree has been Vice chancellor Malcolm Press says: “We believe jointly developed by Siemens and the university. there is nothing in the UK that matches the school From 2019 it will be offered as an apprenticeship to in terms of scale, vision and ambition. It is all about businesses across the sector, funded through the storytelling; taking an idea and turning it into a film, an apprenticeship levy. app or a game; about taking and manipulating data Jason Phin, training solutions business manager and establishing networked businesses.” at Siemens in Didsbury, says: “It’s great that the The university reported that, despite a booming course has been tailored to exactly suit what we, and creative sector in the UK, 69 per cent of tech startups hopefully other engineers, are looking for.” in the region are struggling to recruit highly skilled Part of the University of Salford’s strategy will be to workers. SODA will aim to maintain and develop work closely with businesses to develop courses that close ties with the business community, building on target the needs of industry. While the approach is still an impressive record at the School of Art, which has quite novel, it is indicative of a wider trend in regional worked with some 700 companies on research and academia to develop people, products and services development projects in the past year alone. more closely with commercial partners. Down the road, at the University of Salford, there are In July, Salford also announced it had signed a similar moves afoot to integrate the activities of the partnership with Indian IT giant Tech Mahindra, which academic and commercial worlds. A group of engineers will allow students and researchers to collaborate from Siemens started a new course in October. with the global consultancy on ‘smart cities’ projects

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26/11/2018 13:12

Credit: Feilden Clegg Bradley Studios Bradley Clegg Feilden Credit: Credit: Feilden Clegg Bradley Studios Bradley Clegg Feilden Credit:

SODA, Manchester | SODA, UNIVERSITY OF OF UNIVERSITY SALFORD Indian IT specialist Tech Tech specialist Indian IT Mahindra and the Uni- agreed Salford versity of a partnership, including on smart cities. a project Salford The University of that ensure is aiming to its vocational training meets the high level the economy needs of its Industrial and is part of Collaboration strategy. Metropolitan University University Metropolitan Manchester Metropolitan University | Manchester Metropolitan MANCHESTER MANCHESTER METROPOLITAN UNIVERSITY (see SODA As well as above), the university opened the Manchester Cell Innovation Fuel (MFCIC) in Centre a £4.1m September, to dedicated facility developing new sources emission-free green, of as well as a £1m energy big data centre.

UNIVERSITY OF OF UNIVERSITY MANCHESTER Since 2004, commer- cialisation activities have the £680m to contributed A campus economy. UK is under masterplan which includes way, student to improvements accommodation, the continued development Alliance Manchester of Business School and in IT. investment This industry-academic focus has been a key This industry-academic been a key has focus to speaking directly by that The university says The University of Bolton Bolton The University of UTC houses the £10m Ongoing Bolton. has £125m of investment National included a £14m Motorsport for Centre Engineering and Simula- tion and £6.5m Institute Bolton at Management of Central. In August, the with university merged College. Bolton UNIVERSITY OF OF UNIVERSITY BOLTON using automation, the Internet of Things, virtual and of the Internet using automation, reality. augmented the University at the Henry Institute Royce for motivator a new approach which is pioneering Manchester, of advanced in the field of broker’ as an ‘innovation specifically supportingat is aimed The Royce materials. small businesses and startups, funded and offers is typically only capability that and access to facilities multinational organisations. the largest to available needs and what industry their “triage and helping to the world business from their to a difference will make ensure is helping to the Royce applied research”, of leading expertise. access to businesses have that build bridges between the this continue to Moves like rely that universities and the many businesses region’s opportunities. and innovation talent on them for GM p26-27 skills.indd 27 Life science boosted by partnerships

‘Devo health’ in Greater Manchester has had an effect on commercial life sciences, says Rowena Burns, Health Innovation Manchester chair

ost healthcare systems struggle with similar 80 industry-led projects covering a range of areas Mchallenges and we recognised that the poor including precision medicine, mental health, cardio- health outcomes of the Greater Manchester population vascular disease, cancer and respiratory conditions. were holding back economic prosperity here and These include devices and care pathway changes across the North. enabling more patients to be cared for in their own This led to the devolution deal as a catalyst for homes and communities, and new diagnostic tools change in 2016, when we became the first city region and approaches to treatment, which prevent condi- in to take charge of our £6bn health and tions developing or reduce the risk of deterioration. social care budget, to make decisions about how to We are working with industry partners from small best to meet the needs of local people. This, combined businesses to global brands, and this continues to with wider public sector reform and a history of strong expand. We have strategic partnership agreements civic leadership, means our local NHS organisations with the Association of the British Pharmaceutical and councils are united in making decisions to benefit Industry and the Association of the British Health Tech the wellbeing of 2.8 million citizens. Industries to support the innovation pipeline, along The benefits of devolution, combined with the with an engagement programme for small businesses strength of our commercial life sciences sector and which has supported around 400 companies to date. assets in health tech, data analysis and healthcare, put Underpinning all this is digital – we are setting up us in a great position to accelerate innovation, which a digital innovation programme that will primarily will improve the health outcomes for our citizens. We focus on establishing partnerships with industry. are capitalising on this through Health Innovation We are also one of only five exemplar sites funded Manchester, a groundbreaking partnership organisation nationally to establish a shared care record for all between academia, industry and the NHS. Greater Manchester citizens, meaning we will have a Since Health Innovation Manchester was set up in robust digital architecture that is critical to the safe and 2017, we have developed an active portfolio of around successful use of technology.

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| Citylabs Source: MIDAS

13,400 GRADUATES LIFE SCIENCE 157,000 IN THE HEALTH AND SOCIAL CARE WORKFORCE 30 NHS ORGANISATIONS 260 BIOMEDICAL COMPANIES He says Qiagen, which first entered the region back the entered first Qiagen, which He says Manchester people in 270 around Qiagen employs a one-off civic powers approved In the summer, contribute “directly to the industrial strategy of the of the industrial strategy to “directly contribute of growth and the “innovation-driven UK” region”. Manchester in the Greater employment companion diagnostics acquired in 2009 when it people, mix of business DxS, combines the right research charge “super to knowledge and technology and create sciences in life and development system”. healthcare patients and the solutions for The Manchester growth. to and is committed in 2020, a new facility into move operation plans to new campus. the the heart of at Citylabs 2.0, in addition the project, for £21m of investment Manchester the Greater a £3m loan from to Combined Authority. -

Located at Citylabs on Manchester University NHS Citylabs on Manchester at Located support “trans to incubator will be an innovation It to points Schatz M executive Peer Qiagen chief and head of vice president senior Thierry Bernard, The property portfolio is already home to more more home to portfolioThe property is already Bruntwood SciTech SciTech Bruntwood claim its stakes new campus new since the diag- ten years been nearly It’s in Manchester. first invested giant nostics presence its up to ramp has plans it Now would Qiagen said it corporate med-tech year, This a new create to in Manchester expand its presence Road Corridor. on the Oxford global genomics centre will clinical health campus, it Trust Foundation in partnership be operated with Health Innovation and diagnostic testing improve to Manchester research. through treatments and help clinical use” into lating genomic biomarkers diagnostic insights. patients who need advanced to the business for local partnerships as a facilitator and believes the in the city, innovation accelerate new campus collaboration will serve as an incubator be a to is expected The new campus the sector. for sciences companies and life other for magnet major years, ten jobs over 1,500 up to create to is slated economy. Manchester’s to adding nearly £150m the move will says Qiagen, at diagnostics molecular Qiagen confirms Qiagen This year, property giant Bruntwood announced giant property year, This They & General Capital. with Legal venture a joint and other capital, property £360m of will invest business, SciTech the Bruntwood create assets to 20,000 jobs. create with plans to digital startups to than 500 companies, from The news was a companies. global life-science world, in a pre-Brexit investors the arm for in shot contributes that a sector for intent of and a statement the economy. to year a than £10.8bn more p28-31 gm health.indd 29 YOUR INVESTMENT 196 Deansgate AND DEVELOPMENT Following a multimillion- pound refurbishment, CEG PARTNER has let all of the 48,000 sq ft office space at this striking Grade II listed building in under 18 months. We don’t just build homes, business space and facilities; we build communities. The 2016 renovation has delivered an impressive We make space for lives to flourish and businesses to grow. We’re not just property developers; atrium from ground to fifth floor and unveiled many of the industrial historic features, while providing we’re place makers. modern, open plan office environment. The building Our 10 million sq ft investment portfolio is home to around 700 businesses around the UK. is now home to a number of tech, media, finance and law firms. We specialise in finding buildings, estates and land with potential. Working closely with our The ground floor offers a mix of vibrant shops, customers to ensure the space is designed to help their businesses thrive. bars and restaurants, with Manahatta now open We provide workspace for start-ups and growing businesses through to international corporates, and Federal Café & Bar opening early 2019. providing a dedicated contact to advise and guide our customers through lease negotiations to One 3,000 sq ft ground floor unit will become occupation, fit-out and beyond. available later this month. Examples of some of our Manchester investment and development projects include: www.196-Deansgate.com

Altrincham Business Park CEG has managed a multimillion-pound refurbishment, attracting more international and home-grown businesses to this attractive M56/M60 gateway site. Close to shops, restaurants, Metrolink and other facilities and providing a variety of traditional offices as well as secure, self-contained buildings, ensures this well-located business park appeals to a wide mix of customers. Only limited space is now available. www.altrincham-business-park.co.uk

20 – 36 High Street New office destination set to be unveiled in South Manchester CEG has submitted a planning application for the £79million regeneration of 20 – 36 High Street. The proposals will CEG is set to unveil contemporary office accommodation in South Manchester, connected to the city centre replace the constrained and unappealing 1970s building with distinctly Mancunian architecture, drawing on the city’s in minutes via Metrolink. Offering over 100,000 sq ft, with floor plates of almost 30,000 sq ft or smaller suites Sunlight House and Debenhams buildings for inspiration. from 500 sq ft, the development will provide contemporary, well-located workspace, with an on-site café, Stationer’s Court will provide a double height, covered plaza filled with vibrant cafés, restaurants and shops. There would break-out space, meeting rooms and cycle spa. be 361 new apartments above, benefiting from this sustainable, city centre location. The development will reflect High www.comingsoonbyCEG.co.uk Street’s former vibrancy and importance. www.highstreetmanchester.co.uk

We’re still investing. Still developing. And still growing www.ceg.co.uk

CEGp28-31 Manchester gm health.indd GM DPS 30 AW.indd 1 26/11/2018 13:13 14/11/2018 09:46 YOUR INVESTMENT 196 Deansgate AND DEVELOPMENT Following a multimillion- pound refurbishment, CEG PARTNER has let all of the 48,000 sq ft office space at this striking Grade II listed building in under 18 months. We don’t just build homes, business space and facilities; we build communities. The 2016 renovation has delivered an impressive We make space for lives to flourish and businesses to grow. We’re not just property developers; atrium from ground to fifth floor and unveiled many of the industrial historic features, while providing we’re place makers. modern, open plan office environment. The building Our 10 million sq ft investment portfolio is home to around 700 businesses around the UK. is now home to a number of tech, media, finance and law firms. We specialise in finding buildings, estates and land with potential. Working closely with our The ground floor offers a mix of vibrant shops, customers to ensure the space is designed to help their businesses thrive. bars and restaurants, with Manahatta now open We provide workspace for start-ups and growing businesses through to international corporates, and Federal Café & Bar opening early 2019. providing a dedicated contact to advise and guide our customers through lease negotiations to One 3,000 sq ft ground floor unit will become occupation, fit-out and beyond. available later this month. Examples of some of our Manchester investment and development projects include: www.196-Deansgate.com

Altrincham Business Park CEG has managed a multimillion-pound refurbishment, attracting more international and home-grown businesses to this attractive M56/M60 gateway site. Close to shops, restaurants, Metrolink and other facilities and providing a variety of traditional offices as well as secure, self-contained buildings, ensures this well-located business park appeals to a wide mix of customers. Only limited space is now available. www.altrincham-business-park.co.uk

20 – 36 High Street New office destination set to be unveiled in South Manchester CEG has submitted a planning application for the £79million regeneration of 20 – 36 High Street. The proposals will CEG is set to unveil contemporary office accommodation in South Manchester, connected to the city centre replace the constrained and unappealing 1970s building with distinctly Mancunian architecture, drawing on the city’s in minutes via Metrolink. Offering over 100,000 sq ft, with floor plates of almost 30,000 sq ft or smaller suites Sunlight House and Debenhams buildings for inspiration. from 500 sq ft, the development will provide contemporary, well-located workspace, with an on-site café, Stationer’s Court will provide a double height, covered plaza filled with vibrant cafés, restaurants and shops. There would break-out space, meeting rooms and cycle spa. be 361 new apartments above, benefiting from this sustainable, city centre location. The development will reflect High www.comingsoonbyCEG.co.uk Street’s former vibrancy and importance. www.highstreetmanchester.co.uk

We’re still investing. Still developing. And still growing www.ceg.co.uk

CEG Manchester GM DPS AW.indd 1 p28-31 gm health.indd 31 14/11/201826/11/2018 09:4613:13 Industry 4.0: manufacturing meets tech

Digital technology could help productivity, and Manchester wants to be at the centre

anufacturing is on the verge of another revolution, Innovation, the Henry Royce Institute for advanced Mand Greater Manchester is ready for the materials, and a sector collaboration with BP. challenge. Industry 4.0 – the fourth industrial revolution – will see the merging of physical and digital High potential worlds as the tools of technology meet the might of The wider region has also been recognised by the manufacturing in a race for the future. Department for International Trade, as part of its High The partnership, which has the potential to improve Potential Opportunity (HPO) programme. Rochdale, productivity, efficiency, reduce costs and strengthen Bury and Oldham, which are at the heart of the city supply chains, is aimed at making the industry region’s aerospace and automotive cluster, have more resilient and allows the city region to compete been cited as locations for businesses to access the effectively on the world stage. lightweight materials sector, which could be worth Siemens chief executive Juergen Maier, who led £32.2bn over the next four years. the Made Smarter Review into UK manufacturing, Graphene and 2D materials will provide a significant concluded that the benefit of adopting digital part of this opportunity to work with composites and technology could boost the sector by £455bn, create expertise in light alloys will also be a strength, with 15 175,000 jobs and reduce carbon emissions. He also specialist companies already based in the city region. recommended a digital hub to support the adoption of Wigan and Bolton offer strength in food and drinks Industry 4.0 principles in the sector. packaging with Stateside Foods, Warburtons and It is early days, but the city region is already staking a claim to be part of this story. Academic Paulo | National Graphene Institute Bartolo, professor of advanced manufacturing at the University of Manchester, is leading on the initiative and has been vocal about the track record of the city to provide support for the many technologies that will contribute to this agenda, including the National Graphene Centre, and the Graphene Engineering Innovation Centre (GEIC), due to open in December. In the past 12 months, the centre has signed up three ‘tier one’ partners, including First Graphene, Haydale Graphene Industries and Versarien; and there has been investment from large multinationals including Spanish rail company CAF and English Fine Cottons, creating almost 200 jobs. When the GEIC opens its doors, it will add to the powerful mix Bartolo talks about, including the UK’s National Institute for Materials Science Research and

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JA Harrison manufactures gaskets and seals gaskets JA Harrison manufactures The Growth up with The business teamed says: Shepherd Keith Managing director the business had won new He added that the creation led to has already While the facility JA Harrison is now in Oldham, after in Oldham, is now Harrison JA its up to ramp support receiving capability manufacturing Relocation boost for boost for Relocation Oldham manufacturer A manufacturer supplying Siemens, Rolls-Royce Siemens, Rolls-Royce supplying A manufacturer is now in a new production Sainsbury’s and book order support its growing in Oldham to facility the business. 20 jobs across of and the creation and pharmaceutical energy the automotive, for the Business support from received It sectors. its move from for Hub and an export grant Growth site production The new £2.8m Cheetham Hill. heavily access more has enabled the business to up an apprenticeship industries and set regulated launched in 2017. which was academy, can so it its accreditations, update Company to up the supply chain, contracts further for tender manufacturers. car with major dealing directly we that has ensured new premises “Buying our We’ve the local community. embedded into are in Oldham and this will be here roots planted we supply and the products of the epicentre come.” years to for manufacture expand internationally. clients and is looking to over more 25 create to is expected 20 jobs, it of The Oldham-based business’ years. the next five bases years − with satellite 117 history stretches Dubai, Prague and Perth – and looks to in Cardiff, milestone. its next major reach be primed to

Graphene Week at the the at Week | Graphene University of Manchester University The city’s advanced materials strength complements strength materials advanced The city’s The HPO programme includes marketing to foreign foreign to includes marketing The HPO programme Bakkavor located in the boroughs. Wigan is home to is home to Wigan boroughs. in the located Bakkavor MacFarlane packaging,Saica Flex, Alpla and Saica Pack, development. cluster further the basis for creating the University of Salford’s Centre for Robotics and for Centre Salford’s the University of food support to and provides Systems Autonomous processing. including companies in areas manufacturing University is Metropolitan In addition, Manchester which Consumption Institute Sustainable the home to consumption help make to undertakes research sustainable. models more practices and business a so both successful bids represent investors of the city opportunityto raise the profile significant businesses. identify investment-ready and internationally p32-35 manufacturing.indd 33 ROCHDALE BOROUGH COUNCIL

OVER £1 BILLION A sense of INVESTED ACROSS THE BOROUGH purpose

There is so much going on in Rochdale Rochdale builds at the moment that it is difficult to know where to start. The town buzzes OVER with activity and purpose. Our current investment in Rochdale for business 10,000 is creating thousands of jobs and drawing millions of pounds of Rochdale’s enviable location, skilled labour force and extensive modernisation NEW JOBS WILL BE extra revenue into the town. Just as CREATED importantly, it is making Rochdale an programme make it one of the best places for business in the North of England even better place to live and work. In Rochdale we are immensely proud of our award-winning colleges, our stunning parks and countryside, o say that Rochdale is open for business is no sq ft of industrial property, suitable for businesses of all 210 HECTARES and our history of cooperation and Tidle boast. This is a town on the up, where the sizes, provides real space to grow. AVAILABLE FOR innovation. We can now add to that cooperative spirit fostered by the Rochdale Pioneers Over 8000 businesses already call Rochdale home, BUSINESS GROWTH list a real commitment to being the nearly 200 years ago lives on in the progressive employing more than 83,000 people. They include DIRECTLY OFF THREE best place for business in the North collaboration between public and private sectors. That high tech firms like Zen Internet, an independent Internet JUNCTIONS OF THE West. With our enviable location, spirit is currently delivering a £250 million regeneration Service Provider supporting 450 skilled jobs, and M62, J19, J20 AND J21 skilled workforce and excellent programme to Rochdale’s historic town centre, providing HansenGroup, Northern Europe’s leading independent property, Rochdale is a borough a new leisure and retail heart alongside state-of-the- commercial windows, curtain walling and metal doors where business thrives. art civic facilities and transport infrastructure. specialist. HansenGroup recently chose Rochdale for Steve Rumbelow That infrastructure cements Rochdale’s place at the its new UK headquarters. chief executive, heart of the Greater . Regular Kingsway Business Park, meanwhile, is one of the Rochdale Borough Council trams and trains speed to Manchester city centre and UK’s best performing business parks, and counts JD the airport beyond. Easy access to three junctions of Sports’ European Distribution Hub – with floorspace the M62 means the cities and airports of Manchester, the size of 30 football pitches – among its tenants. Leeds and Liverpool are less than an hour’s drive away. So Rochdale really is open for business, and in the The region supports a large pool of skilled labour, Rochdale Development Agency the town boasts an bolstered by the efforts of two highly regarded organisation dedicated to helping businesses meet colleges. Over 2.5 million people of working age live their recruitment, property and business development Why not talk to us? within 45 minutes of the town, and labour costs are needs. If you’re interested in finding out what Rochdale T: 01706 927000 | E: [email protected] 24% lower than the national average. Nearly 30 million can do for your business, why not talk to us? W: http://investinrochdale.co.uk/

Rochdalep32-35 manufacturing.indd Council 75452.indd 34 All Pages 26/11/2018 13:13 23/11/2018 16:43 ROCHDALE BOROUGH COUNCIL

OVER £1 BILLION A sense of INVESTED ACROSS THE BOROUGH purpose

There is so much going on in Rochdale Rochdale builds at the moment that it is difficult to know where to start. The town buzzes OVER with activity and purpose. Our current investment in Rochdale for business 10,000 is creating thousands of jobs and drawing millions of pounds of Rochdale’s enviable location, skilled labour force and extensive modernisation NEW JOBS WILL BE extra revenue into the town. Just as CREATED importantly, it is making Rochdale an programme make it one of the best places for business in the North of England even better place to live and work. In Rochdale we are immensely proud of our award-winning colleges, our stunning parks and countryside, o say that Rochdale is open for business is no sq ft of industrial property, suitable for businesses of all 210 HECTARES and our history of cooperation and Tidle boast. This is a town on the up, where the sizes, provides real space to grow. AVAILABLE FOR innovation. We can now add to that cooperative spirit fostered by the Rochdale Pioneers Over 8000 businesses already call Rochdale home, BUSINESS GROWTH list a real commitment to being the nearly 200 years ago lives on in the progressive employing more than 83,000 people. They include DIRECTLY OFF THREE best place for business in the North collaboration between public and private sectors. That high tech firms like Zen Internet, an independent Internet JUNCTIONS OF THE West. With our enviable location, spirit is currently delivering a £250 million regeneration Service Provider supporting 450 skilled jobs, and M62, J19, J20 AND J21 skilled workforce and excellent programme to Rochdale’s historic town centre, providing HansenGroup, Northern Europe’s leading independent property, Rochdale is a borough a new leisure and retail heart alongside state-of-the- commercial windows, curtain walling and metal doors where business thrives. art civic facilities and transport infrastructure. specialist. HansenGroup recently chose Rochdale for Steve Rumbelow That infrastructure cements Rochdale’s place at the its new UK headquarters. chief executive, heart of the Greater Manchester City Region. Regular Kingsway Business Park, meanwhile, is one of the Rochdale Borough Council trams and trains speed to Manchester city centre and UK’s best performing business parks, and counts JD the airport beyond. Easy access to three junctions of Sports’ European Distribution Hub – with floorspace the M62 means the cities and airports of Manchester, the size of 30 football pitches – among its tenants. Leeds and Liverpool are less than an hour’s drive away. So Rochdale really is open for business, and in the The region supports a large pool of skilled labour, Rochdale Development Agency the town boasts an bolstered by the efforts of two highly regarded organisation dedicated to helping businesses meet colleges. Over 2.5 million people of working age live their recruitment, property and business development Why not talk to us? within 45 minutes of the town, and labour costs are needs. If you’re interested in finding out what Rochdale T: 01706 927000 | E: [email protected] 24% lower than the national average. Nearly 30 million can do for your business, why not talk to us? W: http://investinrochdale.co.uk/

Rochdale Council 75452.indd All Pages p32-35 manufacturing.indd 35 23/11/201826/11/2018 16:4313:13 Crank up the cranes The skyline is changing in Manchester, as new residential developments begin to redraw the map

f you get on a Metrolink Tram from Piccadilly to Population growth and inward investment have come IMediaCity, you’ll see the skyline redefining the outskirts hand in hand, as the city continues to attract major of Manchester. Travelling along Moseley Street, before employers and startups. The shifting demographics of stopping off at Deansgate-Castlefield, the Beetham home ownership – with more people moving towards Tower used to be the tallest building in Manchester. rented living – is also helping the cause. But the current boom in residential property is This has created opportunities for build-to-rent changing the game with Renaker’s Deansgate Square investors, which acquire entire blocks or developments Towers rising out of the ground at a rapid rate. These and run them with high-end amenities. Manchester has towers will dominate the skyline on the western attracted the likes of LaSalle Investment Management, fringes of Manchester city centre but their scale is just M&G, DTZ Investors, Moorfield and Invesco, which has the start of a much wider story. acted as a catalyst for others to follow suit. “The residential market is booming,” says Ian Scott, In August 2018, Legal & General (L&G) Investment head of build-to-rent at Lambert Smith Hampton. Management became one of the latest to strike a deal, “Currently, delivered and on-site since 2010, there are at Deansgate Square’s 44-storey West Tower, following some 15,000 units.” its first deal in Greater Manchester at the Slate Yard The continued growth of Manchester as an economic development in Salford. At the time, L&G said the city centre is fuelling the growth in residential property. had “strong momentum, underpinned by a significant demand for rental accommodation”. Sir Richard Leese, leader of Manchester City Council, said the development would provide “a significant contribution to the council’s residential growth strategy for homes across a range of types and tenures to meet demand”. This growth strategy focuses on key areas of Manchester city centre and the gateway locations on its fringes. As demand for housing grows, so the ability to unlock new areas of land outside of the core is becoming commonplace. International developer Far East Consortium is aiming to transform the north of the city through its £200m MeadowSide residential development, part of council plans to build 15,000 homes across north Manchester in the next 15 years. The development will provide 756 apartments, townhouses and penthouses | Mayfield and spearheads the Northern Gateway. This area is

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p36-37 residential.indd 36 26/11/2018 13:13 forecast to generate more than £4bn of investment by | Deansgate Square unlocking the residential development potential of 390 acres of land north of Victoria station through to New Cross, the Lower Irk Valley and Collyhurst. The Eastern Gateway area extends from Piccadilly Station out towards the Etihad Campus, taking in Ancoats and New Islington, Holt Town and the Lower Medlock Valley. New homes are being delivered at scale in Ancoats and New Islington, and developer Urban Splash is pressing forward with plans to put this community on the map.

Adjacent to Piccadilly Station, Mayfield is one of LIVE. Manchester’s biggest regeneration projects, on | Angel Meadow a 26-acre site to be developed in the next ten years. The project is being brought forward by a public- WORK.PLAY. private partnership of developer U+I and public sector landowners Manchester City Council, LCR and Transport for Greater Manchester. The vision is centred around the creation of Mayfield Park, a 6.5-acre space bordered by the . Planning is expected to be submitted in the early part of 2019. It has been a significant year for Scarborough’s Middlewood Locks development in Salford, as the first residents moved in earlier this year. The project has planning consent for 2.5 million sq ft of residential and mixed-use development, including 2,125 new homes and 900,000 sq ft of commercial space. In March, Scarborough’s chief executive Simon Marshall said he had “line of sight” on about 1,200 apartments on the scheme, about half of which has been consented.

LIVING IN GREATER MANCHESTER It’s not just the city centre that is grabbing all the | Altrincham attention – key towns in Greater Manchester continue to provide families with places to live within a short commuting distance. In 2018, The Sunday Times named Altrincham, The Heatons and Chorlton in its Best Places to Live guide – citing good transport links, schools and housing across the boroughs. Ten years ago Altrincham had one of the country’s highest numbers of vacant shops. But with regeneration backing from Trafford Council and the placemaking expertise of former Urban Splash director Nick Johnson, the town centre has been brought back to life around its old marketplace building. The town is connected by Metrolink to Manchester and boasts nearly 40 restaurants and two outstanding | Altrincham secondary schools.

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p36-37 residential.indd 37 26/11/2018 13:13 Future focus, daily balance

In a year of widespread transport challenges, Insider speaks to TFGM’s transport strategy director Simon Warburton

How has the Greater Manchester first stage of the business case around the turn of the transport story evolved in the past year? year [into 2019]. In March, Transport for Greater Manchester published From the work they are doing, it’s looking like that a growth strategy covering our two future HS2 stations, will set out a very compelling case. In the summer, at Manchester Piccadilly and Manchester Airport. We we saw the National Infrastructure Commission have a vision of one integrated station at Piccadilly, encourage the government to set out a clear budget which will combine the classic National Rail system, line. It’s really starting to gain momentum. We are HS2, Northern Powerhouse rail and an expanded, focusing efforts on integrating it with HS2 and our own relocated Metrolink facility. local network. Around the station, we have set out the strategy around Piccadilly and the Mayfield development. How do you manage future plans with Alongside that, we have got Manchester University the day-to-day transport challenges of bringing forward its proposals for Campus North. a growing city? Collectively, the future station sits at the heart of an We have got a long-term vision now, but clearly we enormous regeneration area. have got a city to run right now, the fastest-growing We’ve set out what we want to see in terms of local outside London. We can’t let near-term problems hold connectivity out of the station. We see potential the city back from achieving its potential. The for higher frequency Metrolink-style services Mayor has set out his congestion deal, and along the Marple, Glossop, Hazel Grove through that he has directed us to pick and Wigan corridors. They are served up a series of initiatives. by rail services now, but not at the We have moved our central control frequency we can offer on the trams. centre to a 24-hour operation, HS2 is also able to make a direct which allows us to put the system contribution to the economy through back into place at the end of a busy its construction. There is a skills day. There are a range of pinch point programme we have started to develop investment schemes under way to through the Mayor’s devolved powers and improve the highways system, and we are closer engagement with the universities. complementing that with new investment in traffic management technology. How are plans for cross-Pennine We also have a team of colleagues working closely rail developing? with businesses, helping them to plan operations, staff Northern Powerhouse rail is becoming ever more and logistics. We are continuing to put money into the likely. Transport for the North should be publishing the capacity of the public transport. The Mayor has recently

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p38-39 transport.indd 38 26/11/2018 13:14 LIVE.WORK.PLAY. 39 26/11/2018 13:14 road, from Hazel Grove Grove Hazel from road, erminal 2 extension, part of the £1bn extension, part of erminal 2 om November 2018, the North West will have will have West the North 2018, om November Ethiopian Airlines will 2018, om December direct flights to India with Jet Airways, which will to India with Jet flights direct to Mumbai, and open five times a week operate India. up connections to between flights a week four operate and Addis Ababa, initially via Manchester passengers. Brussels, opening up Africa for Fr Fr The long-awaited A6 link The long-awaited The new T The new transformation programme at Manchester Manchester at programme transformation will and 2018 in October Airport, out topped before passengers in April 2019, its first open to full completion in 2020. in the south east of Manchester to Manchester Manchester to Manchester of in the south east The 10-kilo- 2018. Airport, opened in October which includes seven new junctions road, metre boosting connectivi- at bridges, is aimed and 11 easing links, in addition to jobs and business ty, congestion. z z z z A year in the life of of life the in A year Manchester Airport Shared funding arrangements have paid for the link the link paid for funding arrangements have Shared activity. That investment only happened because the investment That activity. amounts significant put to was prepared government – which has own money in alongside our money of ten £3bn in the past to £2.5bn invest allowed us to dividends. pay years, which is continuing to Airport, which has recently Manchester of out road line, which will Metrolink Park Trafford opened, and the driven the way has always Transport open in 2020. its economy, about has thought Manchester Greater that. see any change to and I don’t If you look at the new developments going up in at you look If The Mayor has established a new £160m cycle new £160m has established a The Mayor How can you reassure investors they reassure investors you can How around easily? be able to move will recent achieved over we have what to I would point seriously how demonstrate helps to it years. I think our transport as part of takes Manchester Greater is that rail network a light have We strategy. growth cities, and the interchanges of a lot the envy of important are centres town developed in a series of points. as anchor the transport centres, town Rochdale and Bolton regeneration complement helping to are interchanges put another £80m of his transforming cities fund to cities fund to his transforming £80m of another put in production. are additional tram capacity – and they spend. to until 2022 fund, which we only have and cycle routes of a range introducing about That’s fact the reflect – to pedestrian routes improving live in to numbers who want increasing we have starts Cycling the city and the towns. to and around become a genuine alternative. p38-39 transport.indd 39 MIF puts Manchester on the (international) map

The Manchester International Festival is a cultural event that spans tourism, culture, business and inward investment. Managing director Christine Cort explains why it’s so important for the city region

| Festival in My House Festival Square takeover Credit: Tarnish Vision Tarnish Credit:

WHY IS THIS FESTIVAL SO IMPORTANT TO MANCHESTER? With the economic impact of the 2017 festival | Jane Horrocks in Cotton Panic! at measured at just over £40m, Manchester International Manchester International Festival Credit: Tristram Kenton Tristram Credit: Festival (MIF) supports growth in the city, raising its profi le, drawing in national and international visitors, USA. In the last fi ve years alone, more than a million and attracting inward investment by positioning people have seen MIF’s work outside of Manchester. Manchester as a leading cultural city with an ability to MIF also has an ambitious programme of creative showcase large-scale events. engagement activity, collaborating with people But it’s not just about 18 extraordinary days – the from across Greater Manchester as part of MIF’s work is being made and developed here in the two Creative Community; a year-round initiative designed years leading up to each festival, so there’s a constant to build ongoing relationships and dialogue stream of visitors. The festival’s co-commissioning between MIF and local people through co-design, and touring arm means much of the work created creative projects, volunteering, skills development and and premiered at the festival also goes on to take training. This programme of work includes Festival Manchester’s name around the world. Since the fi rst in My House and Festival in My Neighbourhood, an festival in 2007, 50 MIF commissions have been seen opportunity for the people of Manchester – and for the in 30 countries across fi ve continents, from Argentina fi rst time in Greater Manchester – to curate their own to Australia, Poland to Pakistan and the UAE to the mini-festivals all year round.

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| Street poem Here at MIF, we’re working towards opening a opening working towards we’re MIF, at Here and developing is constantly growing Manchester than 300,000 attendees, had more festival year’s Last We now have a large body of organisations and organisations body of a large now have We WHAT WOULD YOU SAY TO INVESTORS SAY YOU WOULD WHAT AT LOOKING AND COMPANIES AND AND ITS ARTS MANCHESTER, SECTOR? CULTURE in arts and culture a very for exciting time It’s come back years to 20 after London I left Manchester. did. Great thing I ever north, is the best and it and as the public things can and do happen here, effectively. extremely collaborate sector private The Factory, world-class arts space called at we present work the type of which will present Rem Koolhaas’ Designed by year-round. the festival will introduce it Architecture, Metropolitan for Office exciting artists audiences of most to the world’s as the city, across drawn from year, 850,000 a up to well as nationally and internationally. a really It’s London. to and is a true counterweight the growth and be part of here invest exciting time to in opportunities. return to expecting as many visitors and we’re says: As Maxine Peake July 2019). (4-21 year next into compressed Manchester bits of the best “It’s with the dial turned up.” days 18 we’re fortunate that the business community gets the business community that fortunate we’re the city can that and recognises behind MIF renowned this internationally having from benefit important This is really on its doorstep. event this also having view – but a monetary of point from supporting people and its teams of group great message is invaluable. and amplifying MIF’s regularly who meet individuals supporting MIF, Businesses have one another. with and collaborate a recent at culture; of done deals on the back were deals large Selfridges two rather at artist dinner possibly divulge. done – between whom I couldn’t

Manchester

Marketing Source: Marketing (2016)

BN £8.1 94,000 ROLES FULL-TIME EQUIVALENT VALUE OF GREATER MANCHESTER OF VALUE VISITOR ECONOMY: VISITOR THE BY SUPPORTED ECONOMY (2016) Culture is a huge driver for tourism and the creative and the creative tourism for is a huge driver Culture Manchester is relatively unique in the way the public unique in the way is relatively Manchester collaboratively. together work sector and private the help be possible without wouldn’t The festival City Council coupled with the Manchester from – companies sector private support from incredible HOW CAN THE FESTIVAL’S MODEL – MODEL CAN THE FESTIVAL’S HOW AND PRIVATE WITH ITS PUBLIC FOR LINKS – BE A LESSON SECTOR OTHERS? WHY IS MANCHESTER THE PLACE THE PLACE WHY IS MANCHESTER LIKE THIS? A FESTIVAL FOR firsts: city of this incredible of was borne out MIF the industrial revolution, is the birthplace of Manchester the home of the first computer, the site of the discovery of the site computer, the first the home of – in Manchester premiered and graphene. Created of heritage placed centre and with its ethos and vibrant builds on this history as a modern work stage, MIF’s and innovation. creativity for and dynamic centre a industries, and the city also benefits from and council which harnesses this can-do attitude importance. also It of in a position places culture cultural spaces, and its has an amazing mix of exciting short of never industrial heritage means we’re and galleries, place in theatres takes venues – MIF the public unique spaces that of and a good number of. be aware many not p40-43 culture.indd 41 SPONSORED BY

OVER 500 TICKETS INVEST ALREADY SOLD! IN RESI! INSIDER NORTH WEST RESIDENTIAL PROPERTY AWARDS 2019

We launched the Insider Residential Property Awards in 2016 to recognise the very best of the region’s housebuilders and residential AWARD CATEGORIES property community. By 2018 the event had moved to a bigger • Planning Consultancy Team of the Year venue at Event City and attracted record levels of entries for 13 • Public-Private Partnership of the Year hotly contested categories. Eight hundred of the North West’s best residential property developers and professionals attended the • Deal of the Year dinner to find out who the winners were, network with clients and • Bespoke and Urban Developer of the Year celebrate with colleagues. For 2019 the dinner will be going from strength to strength • Housing Development of the Year Over 100 units reflecting the vast number of schemes across the region, a growing diverse mix of developers and unprecedented levels of investment. • Housing Development of the Year Under 100 units THURSDAY 24 JANUARY 2019 • Apartment Development of the Year EVENT CITY, MANCHESTER Over 100 units • Apartment Development of the Year Under 100 units DRINKS RECEPTION SPONSOR • Housebuilder of the Year • Residential Property Management Agent of the Year • Residential Contractor of the Year NETWORKING BOOK • Architect of the Year 2019 SPONSOR

• Law Firm of the Year For ticket information email [email protected] • Personality of the Year All sponsorship enquiries email [email protected]

NWp40-43 Residential culture.indd Property 42 Awards 2019 House Advert.indd 3 26/11/2018 13:14 23/11/2018 15:16

2019 SPONSORED BY

OVER 500 TICKETS INVEST ALREADY SOLD! IN RESI! INSIDER NORTH WEST RESIDENTIAL PROPERTY AWARDS 2019

We launched the Insider Residential Property Awards in 2016 to recognise the very best of the region’s housebuilders and residential AWARD CATEGORIES property community. By 2018 the event had moved to a bigger • Planning Consultancy Team of the Year venue at Event City and attracted record levels of entries for 13 • Public-Private Partnership of the Year hotly contested categories. Eight hundred of the North West’s best residential property developers and professionals attended the • Deal of the Year dinner to find out who the winners were, network with clients and • Bespoke and Urban Developer of the Year celebrate with colleagues. For 2019 the dinner will be going from strength to strength • Housing Development of the Year Over 100 units reflecting the vast number of schemes across the region, a growing diverse mix of developers and unprecedented levels of investment. • Housing Development of the Year Under 100 units THURSDAY 24 JANUARY 2019 • Apartment Development of the Year EVENT CITY, MANCHESTER Over 100 units • Apartment Development of the Year Under 100 units DRINKS RECEPTION SPONSOR • Housebuilder of the Year • Residential Property Management Agent of the Year • Residential Contractor of the Year NETWORKING BOOK • Architect of the Year 2019 SPONSOR

• Law Firm of the Year For ticket information email [email protected] • Personality of the Year All sponsorship enquiries email [email protected]

NW Residential Property Awards 2019 House Advert.indd 3 p40-43 culture.indd 43 23/11/201826/11/2018 15:1613:14

2019