Historically, IT has been the disruptor. From Retail to Transportation, the integration of technology has meant that monopolistic incumbents have lost market share to new upstarts, who have carved out their own share of the market. As an example, imagine that 20 years ago, Black Cab drivers could expect to earn £100,000+ per annum. With Uber, the profession has been permanently changed.
In the decade to 2020, the Greater Manchester economy grew by 39% from £53.89 billion to £78.7 billion and it has been one of the major UK city-regions driving job growth nationwide. With that, Manchester is the largest regional financial, professional, and business services hub outside of London, employing more than 280,000 people. With that in mind, the city has made a strategic gambit to attract international businesses, as part of a north-shoring strategy, where as a result, Spinningfield now has companies located there across Banking, Consulting, Insurance, Law and Technology, employing over 20,000 people overall.
