Invest in Manchester | The economy of Greater Manchester

Since the days of the industrial revolution, it has played an important role in shaping the economy of the United Kingdom. Today, the region is home to over 2.8 million people, with an economy larger than that of Wales or Northern Ireland. Manchester’s commercial strengths have allowed it to develop a strong reputation as a competitive place to do business.

The ten metropolitan boroughs of Greater Manchester – Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford and Wigan – represent the largest economy in the city region outside of London, with gross value added (GVA) of £74.85 billion. . In the decade to 2020, the economy grew by 39% from £53.89 billion to £74.85 billion, and it was one of the leading city-regions in the United Kingdom to stimulate employment growth (84% between 2002 and 2015*), at twice the rate of employment growth in the North as a whole.

The ten councils – the first statutory ‘combined authority’ in the UK outside London – and our mayor coordinate key issues such as economic development, regeneration and transport. This governance structure has enabled the region to gain increased powers from the central government to shape its own future and success.

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