All You Need to Know About the Northern Powerhouse Manchester Strategy

Known as the capital of the North of England, Manchester has benefited greatly from the Northern Powerhouse strategy. However, there are six other ‘core cities’ at the heart of the project too. Liverpool, Leeds, Newcastle, Hull, and Sheffield all join Manchester in playing a part of the scheme.

One of the cities, in particular, has seen huge growth from the scheme; Liverpool is still at the focus of the Northern Powerhouse with an announcement in mid-2019 of the Northern Transport Strategy, which proposes a radical overhaul of Northern transport infrastructure. These detailed changes aim to invest in more concentrated improvements on the rail network between both Manchester and Leeds. The Knowledge Quarter area of Liverpool, including the science park and the new Royal Liverpool University Hospital, has been a key element of the Northern Powerhouse scheme.

Manchester offers investors some great opportunities to generate returns as the city has some of the best rental yields in the country. In the last decade, Manchester has been the recipient of extensive, ambitious and large-scale regeneration work and become a key player in the Northern Powerhouse. The Northern Powerhouse Manchester initiative has greatly impacted the prosperity across the North and has shown people that it’s the ideal place to do business and invest their money.

The, which includes Manchester as a key city, has mainly been down to the Northern Powerhouse initiative, including the city region and pumping a lot of investment money into the centre of the Northern capital. Transport for the North has been a key player in changing up the transport for cities and towns in the North of England. In fact, in mid-2019, Northern Powerhouse Minister Jake Berry MP announced the success of the initiative that was started by George Osbourne and the important milestone of expanding network businesses in Manchester. According to a Gov. uk article, the MP Jake Berry stated that:

“Our Northern Powerhouse Partner Programme includes businesses of all sizes across a variety of key sectors, clearly showing the strength in depth of this incredible region. They are all helping the North of England to thrive by creating jobs, boosting local economic growth and providing opportunities for people to reach their full potential.”

While the potential of Manchester may seem like it’s already been exceeded due to successes, the future of Manchester is exciting. The prospect of more investment only makes for a boost in the economy, meaning there has never been a better time to invest in the Manchester city region.