Investment Attraction

Greater Manchester faced the challenge of enhancing its international relationships and economic opportunities, particularly with Japan, a country with which it has historical ties dating back to the industrial revolution. The region sought to strengthen its collaboration with Osaka, Japan's third-largest city, to foster trade, innovation, education, tourism, and cultural exchange. This need for a more formalized partnership was underscored by the fact that the last Sister City Agreement signed by Osaka was two decades prior.

To address these challenges, Greater Manchester signed a Sister City Agreement with Osaka, marking a significant milestone in their relationship. This agreement was the result of extensive civic engagement and trade missions to Japan, aimed at opening new avenues for investment and collaboration. The partnership is expected to enhance Greater Manchester's global reach, helping local companies succeed in new markets while attracting new industries to the region.

The results of this initiative have already begun to manifest, with Japanese companies investing £117 million in Greater Manchester over the past year, leading to the creation of more than 200 new jobs. This collaboration not only aims to boost economic growth but also positions both cities at the forefront of the next industrial revolution, focusing on sustainable and resilient local economies. The agreement is seen as a pivotal step in revitalizing regional economies and fostering innovation, with both mayors expressing optimism about the future benefits of this renewed partnership.