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Some analysts have raised concerns about the reliability of recent productivity figures, noting that elevated growth in certain residential areas may be influenced by data inaccuracies.
Nonetheless, numerous economists contend that Greater Manchester has outperformed other UK city regions in the last 15 years, attributing part of this success to the devolution of powers in transport, planning, and housing.
Devolution has facilitated significant housing achievements as the Greater Manchester mayoralty now has the authority to establish the region’s housing strategy, allocate housing investment funding, and coordinate affordable housing initiatives. This empowerment has spurred increased investment, as the mayor’s role includes attracting companies—especially multinationals—to create jobs and stimulate local economic growth.
Additionally, the establishment of the Bee Network under mayoral control and the promotion of private sector investment in Manchester’s city centre have further contributed to regional development.
Andrew Carter of the Centre for Cities think tank notes, ‘There has been a recognition among Greater Manchester’s leadership that the future of Manchester lies in becoming a major city offering diverse opportunities, with a strong focus on higher-value activities.’
They are committed to implementing necessary measures—including building housing, supporting university expansion, fostering research and development, and developing a transport system that underpins these efforts—to enhance regional attractiveness for both foreign and domestic investment.
