Economy and Employment Opportunities
Over the last decade, Warrington enjoyed substantial economic growth. City Monitor ranked Warrington as the most productive place in the North West. In addition, wages are comparable to Liverpool and Manchester, bringing people to the area looking for work.
Warrington boasts a thriving labour market, with a number of industry-leading companies throughout sectors such as energy, logistics, technology and manufacturing. This means that those living in the area have the choice of the fantastic employment opportunities already available in their town, as well as the option to commute and take advantage of Liverpool and Manchester’s business markets.
Warrington was recently ranked as the second-best place in the UK for job opportunities, with impressive statistics such as the fact that 80% of working-age residents in the town are employed – exceeding the North West’s average of 73.8%.
Future regeneration is set to increase the employability of Warrington even further, with upcoming initiatives expected to create thousands of jobs in sectors such as construction, retail, renewable energy and hospitality.
Transport Links
Warrington can attribute its growth to the excellent transport links in the region. The town is located between Liverpool and Manchester. Commuters can access both cities by road and train. As such, the area is a good option for businesses and commuters alike. With reports of a rise in demand from renters for properties in ‘commuter areas’, Warrington makes an excellent investment choice for those looking to secure steady and consistent rental income.
The town is next to the M6, M56 and M62. It also has rail connections that link Warrington to Birmingham, London and Manchester Airport. The local train stations can be found in the town centre, Birchwood, Padgate and Sankey, making these areas desirable for buy-to-lets. Why not read about the latest Properties to invest in and around London or the latest Buy to let properties in Manchester for something alternative.
The Northern Arc Railway is a regeneration scheme planned to create a high-speed rail service between Liverpool and Manchester that will form a key part in the Northern Powerhouse Rail network. When in operation, this service is set to reduce the travel time between Liverpool and Manchester from 50 to 30 minutes while also improving connectivity between Warrington and the two cities.
Regeneration
A number of exciting regeneration initiatives are in place to improve local infrastructure, build new residential accommodation, enhance employment opportunities, and overall ensure that Warrington continues to play a key part in the North West’s economic growth. For those considering Warrington property investment, regeneration is always a good sign of long-term innovation and ongoing market growth.
The Warrington Town Centre Masterplan is set to make the town centre an attractive destination and a more desirable place to visit and relocate to. Regeneration plans are in place for a £22 million government-backed initiative to support economic investment and ultimately create new jobs, support business growth, and enhance transport, while also creating new housing opportunities.
Other schemes that have already come into effect in the town include the Time Square development, a £143 million mixed-use regeneration project that has helped to transform Warrington town centre into a vibrant urban hub and created 400 new jobs to date. Shopping, dining and leisure facilities alongside a contemporary market hall, cinema, and redeveloped public square have become some of the most popular features of the scheme.
Other upcoming plans include the Warrington 2040 Central 6 Masterplan which aims to redevelop six central neighbourhoods in the town, and the Fiddler’s Ferry redevelopment which will see the former Fiddler’s Ferry Power Station site transformed into an 820-acre community offering new homes, space for businesses, a school, local shops and a potential GP surgery, amongst green spaces.