Manchester's focus on city centre development and its leading role in urban policy and devolution were at the forefront of the agenda at our North West Breakfast Briefing held in Manchester on 23 April 2015.
Kicking off the seminar with an update on the North West economy,
Jon Neale, head of JLL's UK Research team, delivered an insightful presentation on Manchester's economic performance and its significant growth potential:
Jon NealeHead of UK
Research - JLL
"The North West and Manchester in particular, is forecast to see very strong office employment growth in the short to medium term – exceeding London on some measures. It is now in a strong position to continue to compete in the UK and with Europe as the jobs that will drive the economy over the next decade are particularly drawn to city centres."
According to Oxford Economics, Manchester will experience forecast employment increases of up to 20 per cent over the next five years in the city's strong technology and professional services sectors. The growth of private sector employment in the area overall is forecast to outperform both London and other large regional cities through to 2019. This has led to the expectation that the city will outperform the US, UK and global GDP growth over the next three years.
We were delighted to welcome our guest speaker
Andrew Carter, Acting Chief Executive for Centre for Cities, who gave a well-received presentation on Manchester's leading role in urban policy and devolution:
Andrew CarterActing Chief Executive for Centre for Cities
"Regardless of how devolution plays out across the rest of the UK, Manchester already has a head start with the significant investment levels seen. The challenge now is for neighbouring areas in the North West, which haven't experienced this level of growth, including Burnley, Blackpool and Preston, to capture part of this focus on the North West driven by Manchester."
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Watch our videos to find out our views of the year ahead.
Download our latest North West infographic.
Download some of our presentation slides from the event.