THE MANCHESTER INVESTMENT PORTFOLIO 曼彻斯特 投资组合 Manchester – China Forum is delighted to be able to present this document detailing the tremendous array of investment opportunities in Greater Manchester. The Forum is a business-led initiative aimed at increasing Greater Manchester’s commercial connectivity with China. The forum is led by the following companies: The Forum would like to thank Addleshaw Goddard and Deloitte for their kind support and advice with the production of the Investment Portfolio. This publication has been written in general terms and therefore cannot be relied on to cover Photography courtesy of: specific situations; application of the principles set out will depend upon the particular Becky Lane circumstances involved and it is recommended that you obtain professional advice before acting Rick Grange or refraining from acting on any of the contents of this publication. The Manchester-China Ben Page Forum, its Members and the Sponsors of this document accept no duty of care or liability for any TfGM loss occasioned to any person acting or refraining from action as a result of any material in this publication. Deloitte refers to Deloitte LLP, the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.co.uk/ about for a detailed description of the legal structure of DTTL and its member firms. © 2014 Deloitte LLP. All rights reserved. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 2 New Street Square, London, EC4A 3BZ, United Kingdom. Tel: +44 (0) 20 7936 3000 Fax: +44 (0) 20 7583 1198. If you have any further enquiries, please contact: [email protected] OPEN FOR INNOVATION If you have any further enquiries, please contact: [email protected] WELCOME TO FOREWORD THE MANCHESTER It gives me great pleasure to introduce the Manchester Investment Portfolio. We believe passionately that Manchester offers a wealth of opportunities to Chinese companies. Links are already strong and last year we entered into a joint venture INVESTMENT partnership with BCEG to deliver Manchester Airports Group’s £800 million Airport City development project. However, this is just the beginning, and through our strong and established links with China, we believe there is great potential for further PORTFOLIO – collaboration. With the Forum’s board representing a growing number of Manchester’s leading YOUR DEFINITIVE Charlie Cornish businesses, as well as BCEG, we will continue to work to strengthen economic links Chairman and develop further long-term sustainable relationships between Manchester and Manchester China Forum China. GUIDE TO and Chief Executive Manchester Airports Group INVESTING magworld.co.uk IN GREATER MANCHESTER. This guide presents information on the UK’s fastest growing region outside London, a city that has cemented its place on the global stage as a leading European business location. It outlines major development opportunities, including those in the planning stages and investment ready opportunities, as well as detailing our world-class talent, and internationally renowned industry strengths. Manchester is a city of opportunity; its central location means it’s well connected, not only to London and the rest of the UK, but to the rest of the world. Manchester Rhys Whalley Airport is the largest regional airport in the UK offering direct flights to over 200 Executive Director destinations worldwide including China, which is more than any other UK airport. Manchester China Forum Manchester is a city of collaborations too, with academic institutions working with Manchesterchinaforum.com the city’s public authorities and leading businesses to drive forward a powerhouse @GM_China_Forum economy. This has led to a great environment to deliver innovation, something which Weibo @曼彻斯特中国论坛MCF can be seen throughout the city’s history, from splitting the atom, to the recent isolation of Graphene. Manchester boasts a long relationship with China with trading relations spanning back more than 150 years, and enjoys one of the earliest formed civic links with Wuhan which was established in 1986. This relationship continues to evolve and strengthen. Manchester has further demonstrated its vision and commitment to China by forming the Manchester China Forum. This is a business-led initiative with the goal of increasing sustainable commercial connectivity with China, and strengthening business relationships between Manchester and China. We look forward to welcoming you to Manchester. If you have any further enquiries, please contact: [email protected] WHY At a glance Accessible Business MANCHESTER? Manchester has a great central location Manchester is home to a successful in the UK. mix of large multi-nationals and smaller firms, many working as part of a bigger supply chain. Helsinki Low risk Oslo Stockholm The cost of running a business in Manchester is as much as 40% cheaper Sector skills than in London. Specialisms include life sciences, Edinburgh Copenhagen 2D materials, ICT and energy and Belfast Workforce the environment. Dublin Moscow 35,000 new graduates a year. Welcoming London Amsterdam Berlin Infrastructure Manchester is one of Europe’s most Brussels Manchester is the UK’s premier multi- cosmopolitan cities, attracting both Paris modal transport hub. Home to the UK’s visitors and investors alike, and was Munich largest regional airport, the Manchester voted most popular provincial city Vienna Ship Canal (which links the city to the last year. Geneva Zurich port of Liverpool) and excellent road and rail links. Barcelona Rome Istanbul Madrid Lisbon Athens The original business city Salaries are also typically 30-40% less An entertaining city Manchester was the world’s first modern than London and the cost of buying or Manchester has more theatres than industrial city, and today its economy is leasing office space is also significantly any other regional city in England, WORKFORCE WITHIN COMMUTING large and diverse, offering businesses a lower. Together this makes Manchester as well as a rich football heritage with DISTANCE OF THE CITY CENTRE deep pool of potential clients. Manchester the ideal place to establish and grow both Manchester City and Manchester 7.2M is the second largest economy in Great a UK presence. United based in the city. Britain, it has the largest regional financial and professional services sector in the UK, A well-connected city A cooperative city the 2nd largest creative digital and media Manchester has outstanding transport Greater Manchester is made up of 10 local sector in Europe and the largest clinical links. It is home to the UK’s largest regional authorities – Bolton, Bury, Manchester, MANCHESTER AIRPORT SERVES MORE academic campus in Europe. It is also home international airport, which serves more Oldham, Rochdale, Salford, Stockport, to the largest commercial property market cities than Heathrow, flying to over 200 Tameside, Trafford and Wigan. They all work DESTINATIONS THAN LONDON HEATHROW outside London, the largest Private Equity destinations. With three trains to London together through the Greater Manchester 200 community, and the city is set to become every hour, and a journey time of just over Combined Authority (GMCA), the first public one of the world’s top 20 digital cities two hours, connecting to the capital is also authority of its kind in England. by 2020. easy, making Manchester the ideal location for a European HQ. UNIVERSITY STUDENTS A talented city IN MANCHESTER Manchester is home to four universities The city is also centrally located in the UK, 100,000 with over 100,000 students. Many of these meaning that 60% of all UK consumers live students stay in Manchester to work after within a two hour drive of Manchester. they have finished their studies, ensuring The city also has the largest commuter that the workforce is sustainable. area of any conurbation in the UK outside of London, with a workforce of 7.2 million CHEAPER TO RUN A cost-effective city people living within 50 miles of the city Today Manchester is rated as Europe’s top centre. Manchester has also invested £1.5 BUSINESSES THAN IN LONDON city for business competitiveness and the billion into its tram network, which will have 40% cost of running a business in Manchester tripled in size by 2016. is as much as 40% cheaper than in London. OF UK’S BUSINESS BASE 60% ACCESSIBLE FROM MANCHESTER If you have any further enquiries, please contact: [email protected] MANCHESTER A city with a rich history of innovation The first law in thermodynamics is that has produced 25 nobel laureats. It is discovered in Manchester by James a city with a true pioneering spirit, a place Prescott Joule. of ambition and investment, where the commercial, cultural and creative sectors thrive. 1850 The Manchester Ship Canal opens, a Scientists at The University of From the birth of the Industrial Revolution, massive feat of engineering, giving the Manchester are awarded the Nobel to the first modern computer and the city access to the sea over 50km away. Prize for Physics for isolating Graphene, isolation of Graphene, the city the world’s thinnest material. is constantly innovating. Here is a 1894 selection of some of the city’s unique The first computer with a stored 2010 and remarkable achievements. programme and memory, nicknamed ‘Baby’, is developed at The University of Manchester. 1948 Frederick Royce met Charles Rolls The first Manchester International Festival, and set up the famous company Rolls the world’s first festival of original, new Royce which still bears their names. The birth place of the worldwide work and special events, takes place. co-operative movement in Manchester. Richard Arkwright sets up the first mill to 1904 use steam power in the city centre, paving 2007 the way for mass production techniques.