Jessica Tabinor Entrepreneurs
TECHNOLOGY | 5 MIN READ
We reveal why Manchester is a top technology hub for start-up growth
Read how Vodafone has chosen MediaCityUK as the first location to test its full 5G service
From cotton mills to digital transformation, Manchester is a hive of business activity. With an average turnover of £2.9bn, the fourth highest in the UK, it’s no surprise that start-up businesses and entrepreneurs thrive in this vibrant city.
Recently, northern cities such as Manchester, Liverpool and Leeds are looking to drive forward the technology of tomorrow and there has been significant investment into revitalising the "Northern Powerhouse" and mobilising the inventive talent available.
In this blog, we reveal why Manchester is a top technology hub for start-up growth.
Access to emerging top talent
Arguably, the UK’s second city, Manchester is now experiencing more growth, development and investment which has encouraged young talent to relocate to the area, seeking education and employment.
With four universities on its doorstep, Manchester is home to some of the best young talent in the country – over 500,000 people live here, 39.5% of which are of working age with qualifications of NVQ Level 4 or above to be exact. Having previously ranked the third best student city in the UK, it’s no surprise why a number of top employers have set up camp in this vibrant part of the country.
Greater Manchester offers the perfect environment for start-ups and has excellent networks to provide opportunities for businesses both big and small. This is mostly thanks to support initiatives from the public and private sector including the local authorities and government-funded programmes.
Today, Manchester has been recognised by the UK government as one of the six “science cities” across the country. It is fast becoming a key city for not only research and development but also for innovation and academic excellence.
The digital and creative hub, MediaCityUK has brought the likes of the BBC and ITV to the city creating yet another collaborate hub for like-minded individuals to work, share ideas and learn. Last year Vodafone announced that Media City will be the first location to test its new 5G service. A new Innovation Hub and technology incubator in Media City will give businesses, start-ups and tech innovators access to 5G, the Internet of Things, high-speed fibre and the very best technical resources available
A more accessible city for entrepreneurs
Manchester has a unique culture and if you are looking for the city life without paying London prices then it is the place for you. Lower rent costs encourage growing ‘scale up’ businesses to the area with the promise of progression and development opportunities.
Excellent transport links provide entrepreneurs with the ability to get around the city to visit clients simply and easily. Transport costs are kept low to ensure Manchester continues to remain one of the most accessible cities in the country.
Helping to fuel Manchester's booming reputation as a digital and creative leader is the abundance of co-working space across the region. Whether you need to rent low-cost business space in one of the many surrounding business and technology parks or you would prefer to rent a coworking space at a pay per minute ‘anti-café’. Manchester really does have it all.