According to Colliers International’s new Cities of Influence report, Manchester is one of the most influential cities for talent, location and costs because….
as the report states: “…. the combination of high scores for its strong latent talent/future skills pool, high affordability and low cost combine to move the market up the rankings. Good news for the Northern Powerhouse policymakers.”
Andrew McFarlane, director and head of the Manchester office of Colliers International, said: “Manchester has worked hard to build its reputation as an international city. Over the past 20-plus years it has steadily grown and developed into the global player that it is today and that momentum is still building as Manchester cements its place at the heart of the Northern Powerhouse. What is encouraging about this report is that what has been clear to many in Manchester for several years is increasingly being recognised by a global audience. Manchester’s best days lie ahead.”
Colliers’ Cities of Influence report features a ‘TLC’ index in which 20 major individual economic cities are ranked in terms of Talent, Location and Cost. These factors have been categorised based on the size and orientation of economic output and the workforce; the capacity and skill-set of the latent and emerging talent pool; the cost and affordability of the city – as a place to live and save, and in terms of the cost of labour and total cost of office occupation; and finally, the country risk associated with the market, and the inherent risk/challenges presented by labour laws.
Throughout the analysis, London and Paris hold the top two spots, primarily because of their size. Outside of the big two markets, Manchester, Stockholm and Dublin are the three cities which feature most highly at 3rd, 4th and 5th place, respectively.