Manchester Best Performing Regional City
12th June 2018
Manchester has been ranked as the best performing city in the UK, outside of London,for attracting foreign direct investment projects (FDI) reports the businessdesk.com
There were 45 FDI projects in 2017 and 43% of those were in the North West. The North West recorded its highest number of FDI projects over the past decade, with a 17% increase in projects in 2017 compared to the previous year – up from 90 to 105.
The region gained the third largest number of projects in the UK, behind London (459) and Scotland (116), according to EY’s 2018 UK Attractiveness Survey.
The number of jobs secured by investments in the North West region in 2017 has more than doubled compared to the previous year (from 3,498 to 7,035) and marks the highest number of jobs secured in the region this decade.
The leading sector in the North West in 2017 was digital – also the leading sector for the UK as a whole. Digital projects across the region accounted for 19 projects in 2017 – a rise of 19% on 2016. The second most popular sector in the North West was business services, with 13 projects in 2017.
Manchester continued to dominate the North West in terms of attracting FDI with 45 projects in 2017, up by 2% on 2016 to remain firmly on the international stage and hub of the “The Northern Powerhouse”.
With so much investment, improved infrastructure, job creation and connectivity its easy to see why Manchester has been voted one of the most exciting places to live and work in the UK.
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