Recent stats show that direct international investment levels in Manchester and in the north west generally are currently running at a 10 year high.
Over the course of 2015 there were just under 100 project deals that were sealed and this created nearly 200% job growth in the region.
So why has Manchester and the north west become the fastest growing region in the UK for international investment?
Analysts state that the world class transport links, a highly skilled workforce and the economic growth that is anticipated due to the Northern Powerhouse initiative is behind the significant growth.
Sectors such as retail, construction, business services and software have gained the most investment traction over the last 12 months with major projects coming in from the likes of Aldi, Amazon and HGS Europe.
The creation of new jobs in the city has attracted more young professionals to Manchester and, in response to this, there are an increasing number of prime residential developments shooting up in the city which are aimed directly at this market. Developments such as Oxygen and Downtown are two great examples of the types of high specification developments that Manchester is becoming renowned for, raising the standard and quality of city centre living.
Outside of London, Manchester has become the focal point for blue chip companies to set up offices and the city can now boast 60 companies out of the FTSE Top 100 companies with a presence in the city.
The business community is now seeing Manchester as a viable alternative to London for basing their headquarters. With house prices and cost of living in Manchester being significantly lower than London, major players are increasingly looking to the city to base their HQ or a strategic office.
With HS2 on the horizon it is expected that Manchester will gain even more traction, creating new jobs, more investment and a buoyant buy-to-let market.