Dobbo
New Member
- Oct 27, 2015
- 0
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Yes, I think that is correct.
In terms of the commercial, the key industry for Manchester moving forward is media. Getting Media City off the ground is a fantastic start, but there is still much more to come. It sounds like the Guardian are moving to St Johns but Channel 4 seem to have chosen Birmingham (I thought they were a stick on or Media City).
As these industries move north, the business services also cluster. Legal, accounting, financial etc. are all in Manchester and Leeds in particular, but will grow quickly if more clients relocate out of London. In terms of this, it is difficult for the regional professional services firms to get the major international pieces of work when they have offices (and mouths to feed) in London but the industries are changing, and the drive for efficiency should see this change over the next decade.
In terms of tech, I remember seeing that the north of the UK has more tech "unicorns" (i.e. reasonably new tech businesses with a market cap of over £1bn) than Germany and Sweden combined. The problem will be turning one or more of these into a tech giant - and keeping them HD'd in the north (there will be pressure to relocate HQ to London or somewhere similar). How that is achieved, I'm not sure. However, we want to see a repeat of AstraZeneca...
In terms of the commercial, the key industry for Manchester moving forward is media. Getting Media City off the ground is a fantastic start, but there is still much more to come. It sounds like the Guardian are moving to St Johns but Channel 4 seem to have chosen Birmingham (I thought they were a stick on or Media City).
As these industries move north, the business services also cluster. Legal, accounting, financial etc. are all in Manchester and Leeds in particular, but will grow quickly if more clients relocate out of London. In terms of this, it is difficult for the regional professional services firms to get the major international pieces of work when they have offices (and mouths to feed) in London but the industries are changing, and the drive for efficiency should see this change over the next decade.
In terms of tech, I remember seeing that the north of the UK has more tech "unicorns" (i.e. reasonably new tech businesses with a market cap of over £1bn) than Germany and Sweden combined. The problem will be turning one or more of these into a tech giant - and keeping them HD'd in the north (there will be pressure to relocate HQ to London or somewhere similar). How that is achieved, I'm not sure. However, we want to see a repeat of AstraZeneca...
