North West Square | Inbound investments add £ 314million to Manchester’s economy in 2021

Leasing Enterprise City from Cloud Imperium has contributed to the employment growth. Credit: via town planning documents

Dan Whelan

Midas, Manchester’s inbound investment agency, has announced the creation of 5,080 new jobs in 2021, up 41% from the amount recorded in 2019.

PwC’s Tech Center in Spinningfields, the 87,000 square foot rental from Cloud Imperium Games in Enterprise City, and Roku’s decision to open a 120,000 square foot center in Circle Square from Bruntwood SciTech all contributed to the increase. jobs, Midas said.

Midas, which attracts new investment and supports significant expansion and relocations in Greater Manchester, has seen a 50% increase in the number of creative and digital investments in the city area.

The professional services sector is said to have provided a boost of £ 99million to the economy, Midas said.

Meanwhile, manufacturing generated the most deals, with Midas involved in 20 inbound investment projects, including German maker Schmitz Cargobull in Wythenshawe and Indian sustainable packaging maker Hexcore in Rochdale.

Greater Manchester has also seen a series of central government relocations, which bring managerial positions to the north, with 750 jobs and a GVA of over £ 40million. Movements include the Home Office and the Department for Business, Energy & Industrial Strategy.

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Midas has announced a GVA contribution of £ 314 million for the 63 projects closed in 2021. Credit: Place North West

Tim Newns, Managing Director of Midas, said: “We have entered 2021 in the face of the UK’s third national lockdown and the economic challenges that come with it.

“But Greater Manchester has continued to show its resilience and relentless drive for growth, collaboration, new ideas and the development of exceptional talent and world-class facilities, which is a compelling proposition for companies looking to invest in the UK. “

Midas’ analysis of the year showed a GVA contribution of £ 314million for the 63 projects it closed in 2021.

“Greater Manchester’s specializations in the digital and innovation sectors shone,” Newns added.

“We achieved the highest annual number of new jobs on record, with significant new inbound investment relationships being built as 2022 approaches. We have strengthened our position as one of the world’s leading technology cities and a growing innovation hub. “

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