Major investment in infrastructure with HS2 & new smart motorway with connection to Leeds.
Massive investment in employment creating technology, media and communications jobs.
Predicted that Manchester house prices will rise in excess of 5% each year.
2. London Office
The Podium
1 Eversholt Street
London NW1 2DN
Head Office
Hastingwood Park
Business Centre, Wood Lane
Birmingham B24 9QR
Contact us today on
t 0333 222 0859
e hello@epic-investments.co.uk
www.epic-investments.co.uk
Greater Manchester is a metropolitan
county in the North-West of England,
encompassing one of the largest
metropolitan areas in the UK
and is comprised of the following
Boroughs:
Bolton, Bury, Oldham, Rochdale,
Stockport, Tameside, Trafford, Wigan
alongside the cities of Manchester
and Salford.
INVEST IN... GREATER MANCHESTER
POPULATION
The population of Greater Manchester stands at
approximately 2.7 million. Between 2004 and 2014 the region
saw a population increase of 7.2%.
MILLION
2.7
STUDENT POPULATION
Greater Manchester has one of the largest student populations in Europe,
spread over institutions such as the University of Manchester, Manchester
Metropolitan University, the University of Salford, the University of Bolton
and the Royal Northern College of Music, among others.
• Greater Manchester contributes £56bn GVA
(Gross Value Added) to the national economy
every year, making it the largest economic area
outside of London. This is projected to rise 2.8%
per year until 2024 (in line with the projected
national average), taking Greater Manchester’s
total GVA to £72bn.
• Manchester is the European City of Science for
2016, reflecting its history as being the crucible
of the industrial revolution and the city which
split the atom, created the programmable
computer, birthed the world’s first “test tube
baby” and isolated Graphene, among many other
achievements.
• Greater Manchester sees 1.15 million
international tourists a year and the total value
of the international and national tourist industry
to the region is £7.5bn per annum. The most
popular tourist sites include The Lowry, the
Museum of Science and Industry, Manchester Art
Gallery, the National Football Museum and the
Manchester Museum.
• £113m invested in Rochdale over 2015 in
business parks and the town centre which
created 500 jobs. (Greater Manchester Property
Investment Guide 2016)
3. London Office
The Podium
1 Eversholt Street
London NW1 2DN
Head Office
Hastingwood Park
Business Centre, Wood Lane
Birmingham B24 9QR
Contact us today on
t 0333 222 0859
e hello@epic-investments.co.uk
www.epic-investments.co.uk
INVEST IN... GREATER MANCHESTER
• Bolton is undergoing a £1bn transformation over
the coming years, with investment in distribution
and logistics infrastructure alongside further
investment in the town centre, the markets and
retail quarters and further residential building.
(Greater Manchester Property Investment Guide
2016)
• Oldham’s great links into Manchester and
straight onto the major motorways makes it
a perfect place for businesses to call home.
Over 6000 business are based in Oldham,
from advanced manufacturing, health and
construction to digital, creative and media
companies, most notably the Trinity Mirror
Group which is based in Chadderton. (Greater
Manchester Property Investment Guide 2016)
• Stockport’s economy supports the third largest
workforce in Greater Manchester with 121,000
people in employment. (Greater Manchester
Property Investment Guide 2016)
• Tameside is investing heavily in educational
facilities and, therefore, the future. The ‘Vision
Tameside’ project is putting a lot of money into
transforming the Tameside College Campus and
building an Advanced Learning Centre which can
accommodate hundreds of students. (Greater
Manchester Property Investment Guide 2016)
• Trafford is the most economically competitive
area in Greater Manchester, producing £5.8bn
GVA – the highest productivity per head in
the region and 10,000 companies are based
in the borough. (Greater Manchester Property
Investment Guide 2016)
• Wigan’s economy is expected to grow 2.3% per
year to 2024 and achieve a total of £5.6bn GVA.
The borough also has plans to build 10,000
new homes over the next ten years. (Greater
Manchester Property Investment Guide 2016)
4. London Office
The Podium
1 Eversholt Street
London NW1 2DN
Head Office
Hastingwood Park
Business Centre, Wood Lane
Birmingham B24 9QR
Contact us today on
t 0333 222 0859
e hello@epic-investments.co.uk
www.epic-investments.co.uk
INVEST IN... GREATER MANCHESTER
HOUSING
The average price of a property in Greater Manchester was
£163,360 in 2015. This average price represents a 3.8% increase
over the previous year. (New Economy Manchester figures)
Property prices and building rates in the City Region are
driven mainly by the city of Manchester itself, though
construction is becoming more prevalent across Greater
Manchester.
JLL predict that house prices in Manchester will continue
to rise by over 5% a year (over 20% by 2020) and this is
borne out by the continuing imbalance between supply and
demand in the city combined with its growing stature as
one of the best places for young people to live. Hundreds of
dwellings are built in Manchester every year but the rate at
which developments are completed is not close to the level
required.
In addition to all the private developers, such as Knight Knox,
building new dwellings, it is worth bearing in mind other
sources of funding such as the Greater Manchester Housing
Fund - £300m earmarked to get difficult or underfunded
schemes off the ground instead of letting them fail.
Salford in particular is becoming a residential hot spot,
especially for buy-to-let. The MediaCityUk development has
driven a change in the area and the old docks are quickly
becoming one of the premier destinations for technology,
media and telecommunications businesses in Europe and the
world.
EMPLOYMENT
There are 1.4 million people working in Greater Manchester
at 105,000 businesses, including 600 ‘large businesses’ with
over 250 employees. Another 110,000 jobs are predicted to be
added to this total in the period up to 2024.
Greater Manchester is going from strength to strength in
terms of employment. Massive investment in the city from
home (the Government) and abroad (China, for one) as well as
the continued growth of the city as one of the UK’s foremost
technology, media and communications hubs ensures that
jobs keep pouring in.
The average weekly wage in Manchester is currently £479.00
and the employment rate stands at around 70% which is high
figure when the city’s large student population is taken into
account.
However it is important to remember that life isn’t rosy for
everyone. 187 neighbourhoods in Greater Manchester are
counted within the 5% of the most deprived neighbourhoods
in the UK. Over a quarter of children living within Greater
Manchester live below the poverty line.
INFRASTRUCTURE
The Greater Manchester region benefits from a
comprehensive multimodal transport network which connects
the urban centres of the region with each other, the rest of
the UK and with the world, supporting the linkage of skills and
goods. Manchester itself is home to the UK’s largest light rail
network (which is currently being extended even further) and
Manchester Airport.
The Airport sees around 20 million passengers a year, and is
the largest UK airport outside of London. It connects Greater
Manchester to the whole world, from California to China,
and is set to see another £1bn worth of investment over the
coming years.
In addition, the following are also either confirmed or
possible at some point in the future:
• HS2 – Faster journeys to London and Birmingham.
There has also been talk of folding this into the ongoing
expansion of Piccadilly Station, however this has met
with serious opposition and is in no way a done deal. For
instance the University of Manchester has objected very
strongly.
• HS3 & electrification of the TransPennine and Manchester-
Liverpool lines – Faster and more efficient transport
across the North to connect the centres of all the regions,
from Manchester and Liverpool, through Leeds and
Sheffield across to the Humber and further North to
Sunderland and Newcastle.
• Smart Motorway – The M62 to Leeds is set to become a
fully ‘smart’ motorway over the next decade, reducing
travel time between two Northern economic powerhouses
and making the journey more amenable to commuters.
• Port Salford – A £400m development in Salford set to be
the UK’s first trimodal inland port and reinvigorate the
lapsed Salford dockyards. It is part of the Atlantic Gateway
project, from Liverpool up to Manchester, which aims to
re-establish the North West as the UK’s premier shipping
hub.