The greater Manchester city region is the primary gateway to the North of England and is a major economic center in North West England. The remarkable growth of Manchester economy has outpaced all other industrial cities of Europe. Economy of Manchester has diversified into areas like whole sale and retail trade, service industry and also information processing. Majority of the workforce in Manchester is employed in sales, service and finance companies. Manchester also offers employment opportunities in specialty fields like electronics and biotechnology.
Manchester was recognized as the leading center for manufacturing at the time of the 19th century Industrial Revolution. As of 2007 the city's economy is largely service based attracting huge chunks of inward investment.
As one of the largest financial centers in Europe, Manchester has more than 60 banking institutions employing more than 15,000 people. Industries in Manchester cater to local, regional and international markets. The Co-operative Group, one of the world's largest consumer co-operatives with its headquarters in Manchester is one of the largest employers in this city. Other professional and technical services like
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legal, management, accounting and consultancy also exist in Manchester. The city boasts of largest number of public listed companies after London. Some of the companies who have their regional headquarters in Manchester are Avecia, B3 Cable Solutions, Cosgrove Hall Films, JJB Sports, Manchester Airport Group and many more.
The main business district of Manchester is its city center, which is just adjacent to Piccadilly. Modern buildings have been designed in such a way as to hold office space, courts and retail and catering facilities. Manchester is ranked as the fourth biggest retail area in UK going by the sales.
Manchester Enterprises is an economic development agency in greater Manchester. The enterprise is engaged in providing robust sub regional leadership and providing strong economic base.
Manchester was voted as the second best place for business in UK and ranks the 18th best in the whole of Europe. Economy of Manchester has shown a steady and consistent rise thereby attracting a lot of foreign investors and generating employment opportunities. The city is emerging as 'first tier' northern city in England.
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