{"id":5023643,"date":"2019-05-24T11:17:31","date_gmt":"2019-05-24T10:17:31","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=5023643"},"modified":"2023-10-10T15:19:09","modified_gmt":"2023-10-10T14:19:09","slug":"manchester-gets-global-fluency-recognition-in-new-international-report","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/manchester-gets-global-fluency-recognition-in-new-international-report\/","title":{"rendered":"Manchester Ranks 2nd for Foreign Direct Investment in BFPG Report"},"content":{"rendered":"

The\u00a0<\/span>British Foreign Policy Group<\/span><\/i>\u00a0(BFPG) has released its\u00a0<\/span>2019\u00a0<\/span>report and paints a vibrant picture of modern Manchester as a global city in the making.<\/span>\u00a0<\/span><\/p>\n

After London, Manchester is England\u2019s most visited city with a growing tourism economy attracting more international and business visitors than all\u00a0<\/span>English\u00a0<\/span>cities other than London<\/span>.\u00a0 In 2018, Manchester\u2019s revenue from tourism reached over \u00a38.1bn<\/span>.<\/span>\u00a0<\/span><\/p>\n

The BFPG\u2019s report confirmed that Greater Manchester ranks second in receiving Foreign Direct Investment (FDI) with the current level now an estimated \u00a32.7 billion with international trade worth \u00a35.36 billion in value of goods.<\/span>\u00a0<\/span><\/p>\n

The\u00a0<\/span>f<\/span>orew<\/span>o<\/span>rd to the report has been written by Sir Howard Bernstein, now strategic advisor to Deloitte, Sir Howard Bernstein is one of the chief architects of Manchester\u2019s resurgence over the last four decades.\u00a0 Formerly Chief Executive of Manchester City Council (1998-2017) and former Head of Paid Service for the Greater Manchester Combined Authority (2011-2017).\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

Sir Howard Bernstein comments: \u201cFor Manchester, challenge always brings opportunity. One of our strengths as a city is our ability to adapt and reinvent, as we have seen with digital, creative and service industries, along with cultural and education assets, successfully replacing our industrial past.<\/span><\/b>\u201d<\/span><\/b>\u00a0<\/span><\/p><\/blockquote>\n

Manchester\u2019s\u00a0<\/span>aim<\/span>\u00a0to promote its global fluency through increasing international access and connectivity is key to its sustained growth and economy.\u00a0 Successfully leading the way for FINTEC\u2019s, as well as leading international corporates has contributed to\u00a0<\/span>raising its international profile.<\/span>\u00a0\u00a0<\/span>\u00a0<\/span><\/p>\n

The BFPG report highlights that the functions of inward investment, tourism promotion, trade development, and talent attraction come together through strong and strategically integrated agencies. Marketing Manchester, MIDAS, The Manchester China Forum and others all coordinate through the Growth Company to set a vision and strategy to promote the city internationally.<\/span>\u00a0<\/span><\/p>\n

The city\u2019s rapid escalation of employment opportunities, the large university demographic, rejuvenation and development of residential, commercial and mixed<\/span>–<\/span>use projects, are all factors that boost investment from overseas, particularly in build-to-rent and buy-to-let opportunities on a large scale.\u00a0 Manchester is seen as offering greater scope and potential than London for property investors looking for realistic long<\/span>–<\/span>term opportunities.<\/span>\u00a0<\/span><\/p>\n

Currently, Manchester is leading the way with the highest growth in house prices and the MEN<\/span>\u00a0<\/span>recorded\u00a0<\/span>that the average cost of renting in Manchester has gone up by 30%\u00a0<\/span>since 2015.\u00a0<\/span>\u00a0<\/span><\/p>\n

According to research compiled by\u00a0<\/span>Hometrack<\/span><\/i>, the average house price in Manchester itself is now \u00a3168,900,\u00a0<\/span>almost eight times higher than the average salary.\u00a0 A<\/span>\u00a0<\/span>significant\u00a0<\/span>surge in growth at 6.6%\u00a0<\/span>compared to a year earlier.<\/span>\u00a0This February, the most expensive house in Greater Manchester sold for \u00a31.04 million.\u00a0<\/span>\u00a0<\/span><\/p>\n

Sir Howard Bernstein said<\/span><\/b>\u00a0in the BFPG report<\/span><\/b>: \u201cN<\/span><\/b>ow is a good time for our city to reflect on where next. This report is a useful reminder that we\u2019ve come a long way on many fronts.\u201d<\/span><\/b><\/p><\/blockquote>\n

Read the full report here.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The\u00a0British Foreign Policy Group\u00a0(BFPG) has released its\u00a02019\u00a0report and paints a vibrant picture of modern Manchester as a global city in the making.\u00a0 After London, Manchester is England\u2019s most visited city with a growing tourism economy attracting more international and business visitors than all\u00a0English\u00a0cities other than London.\u00a0 In 2018, Manchester\u2019s revenue from tourism reached over \u00a38.1bn.\u00a0… Read more »<\/a><\/p>\n","protected":false},"author":217,"featured_media":4023063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[4,349,6],"tags":[],"class_list":["post-5023643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-manchester","category-uk-housing-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=5023643"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023643\/revisions"}],"predecessor-version":[{"id":6097631,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/5023643\/revisions\/6097631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4023063"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=5023643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=5023643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=5023643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}