Riding the Wave: Business Development amid Manchester's Economic Rise.

It's no secret that Manchester is on the rise, and we've been experiencing the benefits first-hand.

We are the Angels Investment Group, a bespoke property investment firm based in Manchester, and predominantly operating in the UK North. Over the last 20 years the city of Manchester has seen an economic comeback like no other.

In 2023, the EY released an economic projections report that showed Manchester's gross domestic value growing at a rate of 2.5%, the fastest growing city in the whole country, and the second largest city-region economy beside London.

Today in May of 2024, Saville's 5 year housing forecast is proving those estimations to be ontrack, with a predicted 28.8% rise in housing costs across the city.

Foreign investment is playing a large role in the development of Manchester, with the city at large gaining a reputation as a worldwide business destination, and now harbouring the UK's third most frequented airport beyond London's Gatwick and Heathrow Airports.

With direct flights from Dubai to Beijing, Manchester is an internationally connected city, attracting large amounts of foreign investment due to its rapidly growing economy.

This rising economy is being powered by many things, but the key turning point is a rise in population. According to Manchester City Council, Manchester's population is now growing at a rate of 6% every year, with an increase in 31% over the last 20 years.

This growth has been absolutely crucial in creating increased demand for services across the city sector-wide. So what does this economic expansion mean for developing businesses in the UK North? Simply put, this means opportunity.

Not only have local businesses seen increased economic growth, but Manchester City council has a hardline dedication to the support of local businesses, aiming for local commerce to thrive off the back of international investment entering the city.

Manchester is a city dedicated to transforming itself into one the UK's great future economies, and that means fostering the businesses that operate out of the city today.

And now, better than any other time in the city's recent history, is the best time to capitalise off of the city's future growth.