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David Lathwood, lead director at JLL, talks about ironing out the kinks
has once again beaten the rest of the UK and secured its position as the
nation’s most ‘liveable’ city, while also entering the top 50 worldwide,
according to the Economist.
softer benchmark for Manchester’s growing reputation shouldn’t be overlooked. The
city and broader region’s strong cultural heritage, range of quality
restaurants and bars, as well as its world class education facilities, museums
and galleries, all make the North West an attractive destination for people and by extension,
these factors contribute to why the North West retains more graduates than any
other English region outside London, both in terms of those originally from the
area before they studied, and those who moved here for university.
natural pool of talent has helped place the region on the map for international
investment. This has paved the way for the strong property market we’ve had
since the early 2000s and the large transactions, commercial lettings and
global capital dripping in to the region from the more crowded market in London.
it’s not time to rest on our laurels. Despite the strong positive development
of the region, one of its more obvious shortcomings is its infrastructure and
this has the potential to interrupt its growth.
this isn’t the only top 10 list Manchester has made it onto in the past few weeks: it has also been named the nation’s second
most gridlocked city and recent reports have shown that the average commuter spends a
shocking six days a year in traffic. With predicted population growth in the
next five years it’s
easy to see the city should be doing more to prepare.
Government going back on its promise to electrify the network, it remains unfit
for the level of movement in the region. The crowded, slow-moving trains
travelling from towns in Lancashire and Cheshire to Manchester or Liverpool
don’t match the calibre of the region or these cities as business destinations.
concern is that the rate this is being improved is already lagging far behind
the pace of its development. It’s inevitable that this gap between the two widening, in any city or region, causes people and businesses begin
to look elsewhere.
wasn’t enough of an impetus, once greater ease of movement is addressed, we
could start to see the spotlight that’s been placed on Manchester over the past
few years begin to broaden to
include surrounding towns. In addition, making
the entire region work effectively as one unit will then lead to it becoming more competitive on a European
businesses and people are coming to the region. If we don’t iron out the kinks
now, the development tied to this influx can’t be supported and we set a much
lower ceiling for the North West’s prosperity and cap this off before the
momentum truly builds.
Lead Director - North West
Head of UK Regional Marketing & Communications
+44 (0)161 828 6407