Newly registered companies in Manchester have overtaken London

UK accountancy firm UHY Hacker Young found that there are 79 new companies for every 10,000 people in Manchester. This figure is 58% higher than the UK average (50 new companies) and 23% higher than London's (64 new companies).

In addition, the city has recently been ranked as the third most active tech city in the UK Tech Innovation Index, and has been named as a base for the development of creative industries, innovation and artificial intelligence.

Manchester has seen significant investment and regeneration over the last few decades, from education to public transport, and the benefits of these plans are emerging. The challenge for Manchester now is to maintain this pace of development: businesses and entrepreneurs are watching the construction of the HS2 Expressway to see if it will go ahead as planned, and if it will meet expectations and drive investment in Manchester.

What does new company registration have to do with UK property?

The presence of many companies in Manchester means that there is a demand for jobs in the city, and with jobs comes a demand for housing. For buy-to-let investors, the increased demand for housing will almost certainly result in properties being rented out at a good price, with Manchester student accommodation a guaranteed rental return.

Sustainability of the City's development

One of the key drivers of growth in Manchester is the availability of cheap office and commercial property for rent, which encourages entrepreneurs to set up in the city. Secondly, the Manchester student accommodation Manchester Business School has received a £33 million injection from the government, which means that the City's reputation for producing high calibre young professionals will be further enhanced and this will attract more employers to the City.

Leave a Reply

Your email address will not be published. Required fields are marked *