MIDAS Monthly - November
MIDAS Manchester's Inward Investment Agency
Connecting Greater Manchester to the world to create investment and jobs in the city-region.
October has marked another exceptional chapter in Greater Manchester's economic progress.
The strengths of our city-region continue to attract major businesses, with Virgin Media O2 announcing their expansion into Greater Manchester and Channel 4 enhancing their regional presence – both testament to our thriving creative, digital and tech ecosystem. We have also celebrated the commitment by Kao Data to invest ￡350 million in a new data centre in Stockport.
Germany featured prominently in our international efforts, with Mayor Andy Burnham leading a delegation to discuss innovation in the Ruhr region. At Expo Real in Munich, I had the privilege of presenting our region's compelling opportunities to international property investors through several engaging panel discussions.
Our Life Sciences mission to Singapore and India, alongside Health Innovation Manchester, explored new collaborations. This builds on the announcement at the Global Investment Summit of a collaborative weight-loss drug development project between Eli Lilly, Health Innovation Manchester, and The University of Manchester.
As we look to November, our Advanced Manufacturing team will lead a key delegation to Japan, pursuing investments that align with Greater Manchester's advanced manufacturing investment zone and priorities for sustainable growth.
We will join our Greater Manchester community in marking Remembrance Day and share Thanksgiving celebrations with our American investment partners and friends.
Will you be at any of the above events and would you like to meet us?
Please get in touch . We look forward to seeing you!
Joe Manning
Managing Director, MIDAS, Manchester's Inward Investment Agency
Highlights & Insights
MIDAS’ India and Singapore Mission with Health Innovation Manchester
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MIDAS’ Head of Inward investment for Life Sciences Andrea Winders joined Health Innovation Manchester for their mission in India and Singapore last month.
During the visit MIDAS established key connections with stakeholders in Hyderabad and Singapore, paving the way for future collaborations that could significantly benefit Greater Manchester.
The businesses met in both countries have significant value to offer the UK, bringing advances in healthcare and life science research to help improve the wellness of Greater Manchester citizens, while also having the potential to create jobs in this key growing sector in the city-region.
With both Manchester-Hyderabad and Manchester-Singapore ties strengthening, the future looks bright for these exciting collaborations.
Wider view
Manchester’s Moment: How the city is competing on a global stage
A roundtable discussion at Fieldfisher courtesy of TheBusinessDesk.com highlighted Manchester’s growing global influence, driven by its attractive talent pool and collaborative business environment.
Key participants included representatives from Swiss Re, Comwrap Reply Group, Alvarez & Marsal, Marsden Strategy, and Hitachi Solutions.
MIDAS started with an update on the work on the work they have done, emphasising Manchester’s competitive landscape in attracting foreign direct investment and how that is coupled with its ambitious Net Zero target of 2038, an important consideration for businesses looking to locate outside their home country.
Culture Spotlight
Remembrance Day | Sunday 10th November 2024
The Manchester City Centre Remembrance Day procession will start at 10:30am on John Dalton Street. The parade will march to the Cenotaph in St Peter’s Square where a service will be held at 11:00am. This will be followed by a short march to Peter Street across St Peter’s Square.
There will also be a two-minute silence at 11:00am. The start and finish of the two-minute silence will be signalled by the firing of a gun.
Did you know...
The University of Manchester boasts 25 Nobel Laureates
The University of Manchester is the 3rd best university in the UK after Oxford and Cambridge. Manchester University has 25 Nobel Prize winners on its faculty, staff and students. The list goes from James Chadwick to Ernest Rutherford to Joseph John Thomson to the discoverers of Graphene Professor Sir Andre Geim and Professor Sir Kostya Novoselov.
20 years ago in October, Professor Sir Andre Geim and Professor Sir Kostya Novoselov managed to extract Graphene in Manchester. The region has grown to be the heart of the economy with The University of Manchester building a model research and innovation community, with graphene at its core.