Manchester has recorded the fifth-highest growth of overall Gross Value Added (GVA) of all UK core cities, according to the Office for National Statistics. The latest figures show an overall year-on-year GVA growth of 3.6%, compared with 3.4% for the rest of the UK.1 Manchester continues to draw people from all of the UK – and further afield – and one of the reasons is the city’s status as a leading science and technology hub.
To continue to attract new people and skills to the city, and maintain its momentum in the life sciences arena, Bruntwood SciTech has announced a £1.5 billion investment in the city. Bruntwood SciTech is a partnership between Legal & General and property developer Bruntwood, which develops life science innovation hubs all over the UK, including in Cheshire, Birmingham, Leeds, Liverpool and Edinburgh.
The investment will take the form of a partnership with the University of Manchester and will deliver ID (Innovation District) Manchester, an innovation hub that will accelerate the world-leading research and development that comes out of the university, ranked 27th in QS World University Rankings.2