Last week saw KPMG announce Manchester as the highest ranking European city in their study ‘Competitive Alternatives 2012, Special Report: Focus on Tax’.
Putting the news into context Manchester ranked 6 places higher than London who came in 15th place with the only other European cities making the top 40 being St Petersburg (10th), Moscow (12th), Amsterdam (13th) and Rotterdam (14th). The
report that looked at both financial and social incentives such as quality of life covers a cross section of industries and over 100 cities globally.
As Christine Hewson, head of tax for KPMG in the North West comments ‘The tax incentives available to businesses in the city, and across the UK in general, are indeed very attractive and this study comes as further proof – if proof were needed
– that Manchester has firmly cemented itself as one of the world’s best business locations’.
This announcement follows a series of developments within the city such as Media City, showing the relocation of many BBC functions from London to Manchester, and Airport City, which looks to house a cross section of industries including
airport logistics, advanced manufacturing, pharmaceuticals & health, professional services, IT, media & telecommunications and hotel & conferencing.
The continuing economic expansion in Manchester combined with its competitive edge within the global market means that whether planning new ventures, relocation or business growth Manchester is not a location to be overlooked. With such large
incentives to operate from Manchester, now seems an opportune time for business owners to consider the change and the impact this could have on future progress.
For further information, please contact Stephen Foster, Head of Corporate at firstname.lastname@example.org
or by telephoning 0161 833 9211.
The information and opinions contained in this article are not intended to be comprehensive or to provide legal advice. No responsibility for this article’s accuracy or correctness is assumed by Berg or any of its partners or employees.
Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of the contents of this article.