Focus on commercial property and what is on offer in Manchester
In recent years, the spotlight has been pointing towards Manchester – making it known for much more than just its football teams. With MediaCityUK attracting the likes of the BBC and ITV, it seems that Manchester is becoming a great place to do business.
Indeed, according to a new report produced by the Greater Manchester Combined Authority (GMCA), the region’s growth rate actually exceeded that of South East England. at 4.6% compared to 2.8% in 2012-13. This makes Manchester a pretty worthy rival to London’s reputation as the centre of UK business.
Over the years, London has been known as the place to set up a new business. But what about start-ups in Manchester? After analysing Companies House Data, the Centre for Entrepreneurs found that when the figures of total start-ups for all of the GMCA local authorities were added together, it only came second to London. This shows a real interest in Manchester for entrepreneurs starting up new and innovative businesses.
And if you’re a business looking for commercial property in Manchester you won’t be disappointed. With property prices increasing compared to other areas, Manchester also offers much more bang for your buck. Meaning you have more money to invest in other aspects of your business, not just on sky-high property prices.
There are many developments of properties to let or buy in Manchester that are great for new or established businesses – Longsight has a new industrial development and there are revitalised retail units aimed at emerging brands dotted throughout the city in areas such as Gorton Road and Fallowfield.
And you won’t be compromising when it comes to finding talent for your growing business. With no less than five universities and the largest single-site campus in Europe, Manchester offers businesses a large labour pool, including a skilled workforce – and with lower wages than London, staff costs should be lower too. With these impressive credentials, finding someone skilled to employ in order to grow your business in Manchester shouldn’t be difficult.
Whether you’re looking for shops to let in Manchester or commercial property to let in Manchester, you’ll be spoilt for choice. Salford’s MediaCity UK and other places like it offer a range of commercial property to rent in Manchester. And commercial property in Manchester needn’t come with a London price tag – in fact, Manchester commercial property is much more reasonably priced than its capital counterpart.
Manchester also has excellent transport links with the biggest international UK airport outside of London – and it’s only just over two hours on the train from London itself.
Manchester was recently described as the future “Shoreditch of the North”, with Tech Nation’s report – Tech City UK – showing Manchester as only second to London when it comes to the number of digital jobs. Manchester also ranked in the top five tech clusters in the UK, with GVA growth of 92% between 2010 and 2014 – the second highest in the whole of the UK.
And with a wide variety of grants and incentives available to businesses who choose to set up in Manchester, now couldn’t be a better time to make the move. The Greater Manchester Investment Fund (GMIF), brought about to encourage business growth, offers loans of between £500,000 and £5 million. Similarly, the North West Fund is a £155 million investment fund designed to fund businesses – with investments of £50,000 and upwards.
So how about some examples of where you could build your business in this thriving city?
Looking at shops to let in Manchester? Prime space in Manchester’s vibrant city centre could be yours for only £8,000 per annum.
Units to let Manchester
Need a secure yard for your business in prime position on a main road that’s available to let in Manchester? Then look no further than here – and prices start at only £350 per annum.
Commercial property for rent Manchester/Retail units to let Manchester
If you’re looking for commercial units to let Manchester, Hallam Consultants are offering shops to rent in Manchester for £10,000 per annum.
Industrial units to let Manchester
W T Gunson offer a variety of industrial units to let in Manchester to suit a range of different budgets.
Manchester offers a range of office spaces to let in Manchester for a wide variety of budgets. W T Gunson have unique properties to let in Manchester city centre from only £12,000 per annum.
As you can see, there isn’t a shortage of commercial property to let in Manchester. If letting isn’t for you and if you’re looking for commercial property for sale in Manchester, you won’t be disappointed.
Manchester offers businesses opportunities to grow and thrive outside of London, where costs are generally much higher. With the availability of grants and incentives, its universities and recent growth, Manchester offers a real option for both start-ups and established businesses alike.
What does the future hold for Manchester and its businesses? Only time will tell. But with so many opportunities and investments, it looks like a pretty great place to start or grow a business.
Do you have any comments or a story to tell? Do you run a business in Manchester or are you thinking of starting one? Or do you have commercial property in Manchester to let? Please let us know.