One of the primary reasons why companies invest in Manchester is the city’s local talent quality and availability.
Manchester’s central geographical location puts it at the heart of the Northern labour market, giving businesses in the city access to one of Europe’s largest commuter workforces. With 7.2 million within a one-hour travel time of the city centre, companies operating out of Manchester can also access talent in strong neighbouring cities such as Leeds and Liverpool. As well as having the largest travel-to-work catchment area of any regional UK city, more than 2.8 million people live within the city region and the working age population is just under 1.8 million.
Manchester is unique in that it has strengths in numerous core industries and sectors, offering companies that are new to or expanding in the city region a large quantity of high-quality potential employees.
The city’s distinctive geography of concentrated industry clusters has helped develop a varied, qualified, skilled and sustainable labour pool.
Manchester is also an incredibly multicultural city and boasts more than 200 languages spoken, the UK’s highest number of overseas students and almost 230,000 foreign professionals in the North West region.
The city is recognised as being a leading European business destination across a number of industries and is fast becoming a magnet for attracting international talent.
Manchester is the Best UK City to Live (The Economist, 2019) and its outstanding quality of life offer has led it to become second in the world for attracting talent from London – only New York City attracts more people per year (LinkedIn Talent Insights, 2019).
More than 100,000 students are enrolled across the city region’s five universities, which produce around 36,000 high quality graduates every year.
More than 60% of graduates who study in the North West stay in the area to work – 46% specifically in Manchester – providing businesses with a sustainable pool of graduate talent.
Supported by the city region’s five universities and a strong civic focus on developing the future talent pipeline, Manchester is rich in the talent and specialist skills that every business needs to thrive.
As part of MIDAS’ package of bespoke services, it can help companies that are new to or expanding in Manchester access the right talent to ensure their operation is a success. Get in touch with the team to find out more.
Global brands, SMEs and start-ups alike are thriving in Manchester thanks to the city’s outstanding connectivity, its international reputation for innovation and the wealth of expert talent available here. MIDAS – the city’s dedicated inward investment agency – has helped hundreds of businesses relocate to or expand into the city.
Do you want to find out more about Manchester and how MIDAS can support your business relocation or expansion? Register here to receive useful resources about Manchester and MIDAS’ support package.