Investment Attraction

The Greater Manchester Investment Zone has been established to address specific challenges in the advanced manufacturing and materials sector, which is crucial for the region's economic growth. The initiative aims to create 32,000 jobs and attract £1.1 billion in private sector investment, supported by £160 million in public funding over the next decade. This funding will facilitate targeted interventions, including research and innovation initiatives, skills programs tailored to the sector, and enhancements to local infrastructure.

Key investments exceeding £10 million have already been made by companies such as Kadant, Werit, First Graphene, and Hydrograph, demonstrating a commitment to the region's manufacturing capabilities. The Investment Zone is designed to leverage Greater Manchester's historical strengths in manufacturing and materials innovation, building on its legacy from the Industrial Revolution to contemporary advancements like graphene development.

The initiative also includes the extension of the Made Smarter Adoption programme, which has successfully helped SME manufacturers in Greater Manchester adopt digital technologies to enhance productivity and reduce carbon emissions. This program is set to expand across the UK by 2027, further supporting the region's manufacturing sector.

Overall, the Investment Zone is expected to not only bolster the local economy by generating significant employment and investment but also to enhance Greater Manchester's position as a leader in advanced manufacturing and materials innovation, ultimately translating research and development into tangible business growth.