14 Sep 14.09.2018 Manchester – Liverpool metropolitan area – tenth most popular location for foreign direct investment
14.09.2018 Manchester – Liverpool metropolitan area – tenth most popular location for foreign direct investment
According to the IBM Global Location Trends 2018 report, which compares regions around the world based on their equal labour catchment areas, Manchester is among the top 10 most popular cities for global investment.
According to the report, Manchester is attracting the largest number of investments outside of London.
Manchester-Liverpool metropolitan area attracted 68 foreign direct investment (FDI) projects in 2017 collectively, which is more than cities including Barcelona and Toronto. Britain was also ranked fifth for FDI job creation, with 51,500 new jobs born out of these global investments. Manchester-Liverpool jointly created 7,000 jobs last year. Tim Newns, Chief Executive at MIDAS Manchester said, “This report once again confirms Manchester as a globally significant business destination and, together with Liverpool, illustrates the potential of the Northern Powerhouse.
“Greater Manchester is ambitious, visionary and passionate about the future. Billions of pounds are being invested to create inspiring, connected business environments that support innovation and reflect future needs, and ensure that the region continues to be a draw for the world’s most innovative companies and biggest brands. Talent is one of the key attractors for global businesses and with student retention figures at an all-time high in Manchester, it is creating an even more compelling case for investment.” In August, the world’s third largest ecommerce company announced a £100 million investment into a new major office in Manchester.