- Greater Manchester (GM) had the fastest growing local economy in the UK from 2015 to 2023, with average growth at double the UK rate and, in 2023, for the first time, the total value was more than £100 billion
- GM's share of the UK economy increased from 3.6% in 2015 to 4.1% in 2023
- There are more new businesses per person in GM than in any region outside London and the South East
- GM is the fastest growing digital and tech hub in the UK, has the largest life sciences employment base outside London and the largest low carbon sector outside London and the South East
- Manchester and Salford are the first and third most AI-ready cities in the UK outside London and we have the largest AI cluster in the country with 13,500 employed by 250 companies
- Manchester tech companies raised a record £532 million in funding in 2022, a 50% increase from 2021. This is more than the amount raised by tech companies in many major European cities including Rome, Brussels, Warsaw, and Lisbon
- GM-based companies collectively raised over £1.8 billion in venture capital funding in the five years leading up to 2023
- Between 2018 and 2023, GM's visitor economy grew by £3.7 billion, added 22,000 jobs, and increased overnight stays by 700,000
- 449 international investment deals were made in Greater Manchester from 2014 to 2023, more than any other UK regional city
- 75% of businesses helped by Business Growth Hub said the support improved their productivity
- 20% of businesses helped by Business Growth Hub started new inclusive practices; 40% are in GM's more deprived areas
- Business Growth Hub clients: 20% are non-white, 7% have disabilities, 26% are 50+ years old, and 44% are women
- Over £475m has been invested in commercial projects, creating nearly 500,000 square metres of development which meet higher standards of sustainability and redeveloping nearly 1.5million square metres of brownfield land
- A £10m fund to support advanced manufacturing and materials sector has committed £2.85m since July 2024.
Our story so far
We are a city region with a global reach. At our heart is a vibrant central city, surrounded by unique places which together are home to nearly three million people.
We represent those diverse people, communities, businesses, and organisations of Greater Manchester. We’ve forged a partnership that’s stronger than the sum of its parts, spanning the public, private, voluntary, community, faith, social enterprise and academic sectors.
Our uniquely mature devolved system gets everyone pulling together for the common good - from councils, police, probation and the wider criminal justice system, fire, transport and the NHS, to businesses and their networks, universities, schools and colleges, co-operatives, trade unions, charities, social enterprises, voluntary, community and faith-based organisations.
In the decade since devolution, we’ve become the UK’s fastest growing economy, with productivity growth outpacing the national average and more foreign direct investment than any region outside London. We’ve achieved this while staying true to our values, because this is a place where people matter.
Our track record
The economy
Greater Manchester (GM) had the fastest growing local economy in the UK from 2015 to 2023, with average growth at double the UK rate and, in 2023, for the first time, the total value was more than £100 billion.

Jobs and skills
14,000 young people attended ‘Meet Your Future’ career events; 125,000 used GMACS careers website; 150,000 had virtual work experience.

Digital
Over 62,000 people have been helped to get online with free data SIMs since 2023, through more than 320 GM Databanks.

A more equal future
Our Race Equity Framework is strengthening leadership and accountability.

Helping everyone live well
Majority of 14 to 15-year-olds and residents are hopeful for the future, satisfied with their neighbourhood, proud of their community, feel people look out for each other, and believe people from different backgrounds get along.
Homes
85,000 new homes have been built since 2016, including 15,000 affordable homes; 2,617 affordable homes were built in 2023 and nearly 400 social rented homes built per year for the last three years, compared to only 9 in 2016-17.

Safer and stronger communities
Greater Manchester Police and Greater Manchester Fire and Rescue Service are the most improved police and fire services in the country.

Transport
All of our 1,600 buses on 577 routes are now under local control, accounting for over 160 million trips per year.

A greener future
The Renew Hub repurposed over 400,000 household items, raising over £1.93m for good causes since 2021.
