Industry and sector in Deloitte North West
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The UK is increasingly looking to shore up trade connections and secure business allies with prosperous economies worldwide. As a pillar of the Northern Powerhouse, Manchester is playing an important bridging role between the north and Asia, and the launch of non-stop flights from Manchester Airport to Mumbai marks the latest step in the increasing connectivity between the regions.
A quantum leap in the development of technology has been seen over recent years. The convergence of rapid technological advancements and urban planning is driving an evolution of human behaviour, and encouraging us to reconsider the way that we communicate, live, work and play. Such advances are infiltrating the way in which modern cities work.
In recognition of the region’s potential as a great place to live, work, and visit, the international investor community continues to take more and more interest in our cities. International markets such as South East Asia, Middle East, and the US, have already followed up that interest, with key developments such as the £1bn development of Airport City arising in recent years with foreign backing.
Cranes continue to dominate the Manchester skyline as residential development maintains its upward trajectory, exceeding 2008 levels for the second year running, according to Deloitte Real Estate’s Manchester Crane Survey.
Manchester has secured its position amongst the globe’s top smart city destinations of the future, according to a major new study analysing urban mobility by Deloitte.
There is much debate around what impact Brexit will have on London as the leading international financial centre, but about half of the industry’s gross value is actually generated outside the M25. As Deloitte’s managing partner for regional markets and the newly appointed TheCityUK Chair for Greater Manchester, I am delighted to have a role in championing the in the North West and contributing to its long-term success.