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Five Reasons Manchester Attracts Business

Published: Monday 11th May 2015

Its low cost of living, great job prospects and good quality of life mean that Manchester is attracting young graduates away from some of the other main UK cities, such as London.

Manchester bumble bee painted on a wall

What makes Manchester such a top place to work? 

1. Development

One St Peter Square, Manchester’s newest office building opened last week. The building was unveiled after a record year for office lettings in the city. The property consultant JLL reported that lettings in the city had totalled 1.3m square feet. They also reported that a record amount of £1.7bn was invested in Greater Manchester over the year 2014. This, according to the consultancy firm, could demonstrate an increasing interest among large-scale investors in Manchester and their growing confidence in its economic prospects.

2. Equality

Manchester does better than anywhere in the country in terms of equal pay. The per hours worked pay gap for men and women is 3.3%, in contrast to 11.1% on average for Great Britain.  

3. Pay

It might not come as a surprise, for those of you who are aware that Manchester is home to two large football clubs, that the city is actually home to the highest average salary in the world: £5.3 million a year (if you kick a ball around at Manchester City). The average Manchester salary is a little lower, but still higher than the average salary for the UK. A recent survey lists the average Manchester salary as £24,492, against the UK average of £21,473.

4. Number and Variety of Jobs 

Manchester is now the fastest growing British economy outside of London. The city has GDP of £28bn and more than 2,000 foreign enterprises are calling Manchester home. According to the Guardian newspaper, Manchester is responsible for 50% of the economic output in the North West and 5% of the national total. The city offers jobs in many industries and institutions. Manchester is home to multiple universities and its Chamber of Commerce is the largest in the UK.  Manchester Science Park houses over 150 science and tech companies and the technology sector alone provides 100,000 jobs in the city. The development of Salford Quays has created MediaCityUK, attracting media businesses and employees. And Manchester also has the highest concentration of commercial and retail floor space in the UK outside of London.  

5. Transport

Sometimes, the best thing about a city is how easy it is to leave. Manchester is amazingly swift to get away from. The airport, the third busiest in the country, is easily accessible to the south of the city. The train to London takes just two hours. And the motorway system provides quick links to pretty much anywhere, making it possible to travel to Leeds, Liverpool and Stoke-on-Trent in under an hour. 

If you’re looking for a new job in or around Manchester, why not download the Zoek App to let your new job find you? The app for faster, smarter recruitment can be downloaded on  iOS or Android.

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