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.