Investment Attraction
Invest in Manchester
Full Credential Description
The Manchester Invest Partnership faced several niche challenges in positioning Greater Manchester as a prime destination for capital investment and foreign direct investment (FDI) in the real estate sector. Key issues included navigating the complexities of a housing crisis, addressing climate change, and ensuring connectivity and infrastructure funding, particularly in relation to significant projects like HS2. The partnership recognized the need for a clear vision and strategic regeneration frameworks to attract investment and foster community engagement.
To tackle these challenges, the partnership implemented tailored solutions that emphasized public-private collaborations and a commitment to sustainable, value-driven development. For instance, during discussions at the London Real Estate Forum (LREF) 2023, Becca Heron, Strategic Director of Growth and Development at Manchester City Council, highlighted the importance of creating well-connected neighborhoods through projects like Victoria North, which aims to deliver 15,000 new homes alongside essential social infrastructure such as schools and community facilities. This approach not only addresses housing needs but also integrates health and community development from the outset.
The results of these initiatives are quantifiable and significant. The partnership's focus on inclusive growth and urban design has led to the development of neighborhoods that prioritize active travel and environmental sustainability, thereby improving air quality and addressing health inequalities. Furthermore, Manchester's strategic vision has positioned it as a competitive player on the international stage, with a growing profile that attracts investment and fosters economic resilience. The collaborative efforts to engage local communities in climate action and sustainable practices have also accelerated the citys decarbonization journey, showcasing a commitment to long-term environmental goals while enhancing the quality of life for residents.