Recent announcements of good news have been coming thick and fast for the city as well as the region as the whole. The Greater Manchester region has seen staggering levels of growth recently with both the cities of Manchester and Salford attracting new development, regeneration and investment in abundance.
Key to the Northern Powerhouse project is transport and connectivity, an area in which Manchester is set to shine with the development of Airport City currently underway meaning rapid access to the world’s most exciting cities. The goal is for the regeneration of Terminal Two to be completed by 2023. By 2022, Terminal One, which was built in 1962, will be phased out. By 2050, it’s hoped 55 million passengers will use the hub every year, more than doubling the current 23 million. It is being dubbed as the biggest single construction project ever to take place in Greater Manchester and the work will more than double the size of Terminal Two, adding 886,892 sq. ft. and linking it to Terminal Three.
Forecasts show the doubling of airport jobs to 40,000 within 30 years - and adding 10 million annual passengers in the next decade. Terminal One will be demolished. It is also hoped the hub will get US pre-clearance so passengers can get through immigration, customs and agricultural inspection before boarding their flight. Car parking plans would boost current spaces by 2,553.
With these massive announcements Manchester is planning on continuing its supremacy across the region with job creation, development and investment as the centre focus of the government’s plans. Salford has also seen big developments such as the award winning Adelphi Wharf, which scooped Best Urban Living Development at the recent iProperty awards. There are also a number of student accommodation developments being built in the area adding to the successes of the local university cluster. Manchester is home to Europe’s largest university campus with 30,000 students graduating every year from three world-class institutions.
There’s been consistent good news across the city with innovative businesses winning rafts of awards and industry leading companies taking residence. The biggest players to enter Salford Quays and MediaCityUK are obviously the BBC and ITV but other businesses leading their industry from Manchester include Adidas, Co-Operative Group, Henri Lloyd, New Balance and Peel Group.
Tourism hasn’t been an issue in recent times, which has certainly spelled good news for the Airport City project. Manchester is currently ranked third in the most popular visitor attractions by UK city attracting 1.15 million international visitors each year. The GVA (Gross Value Added) by the city currently stands at £57.5 billion, second only to London.
Greater Manchester has 1.4 million people working in more than 105,000 businesses with 110,000 additional jobs forecast by 2022. The city was voted the 16th best place to locate a business in Europe, consolidating its impressive status across the EU.
Even without masses of new investment and development Manchester stands head and shoulders above its competitors, solely based on its current position, but with Airport City in development bringing with it scores more building projects the city is on a high. In the next 10 years it’s not ambitious to say that Manchester will be one of the most exciting cities in the world to invest in and will be taking off from a strong position in to the top performers on the globe.