Economy

With almost seven million inhabitants and 230,000 companies, England's Northwest is a powerhouse economy worth a remarkable £98 billion (that's a tenth of overall UK GDP). Three quarters of the nation's Top 100 companies operate here making it a highly regarded business location in the UK. Within the key manufacturing sector, we have the UK's highest turnover and workforce capacity. In addition, this is only one of three regions to contribute positively to the UK balance of trade.

Such impressive statistics mean that our region boasts a larger economy than either Denmark or Finland. Above all, they prove that England's Northwest is a major economic force that has a lot to offer to those looking for a business investment opportunity.

Recent performance has remained tremendously strong with a faster than average growth rate - around 150,000 new jobs have been created in the last four years alone. Thriving areas such as south Greater Manchester have experienced particularly rapid development.

From specialising in traditional industries like textiles, shipping and engineering, the region has responded to global shifts with the growth of emerging new sectors such as biotechnology, chemicals, aerospace and ICT. In fact, more than 70% of local employees are now employed in service industries.

Companies from across the globe are continuing to reap extraordinary rewards within our region, thanks to the dynamic business environment, innovative and productive workforce, and excellent international transport links.

This continuing economic progress has given our region renewed confidence and determination to maximise its potential. England's Northwest is truly an exceptional place to do business and make an investment in the UK.