Thursday, 17 August 2017

Improved connectivity key to Manchester’s growth

WiredScore
Friday 30 September 16

A new report looking into Manchester’s future growth as a tech hub has found that two in five of Northern technology workers believe the city requires improved internet connectivity to make it more attractive to UK-based tech companies. The research commissioned by WiredScore, the world’s leading digital connectivity rating scheme for commercial property, found that despite high confidence in the local economy…

A new report looking into Manchester’s future growth as a tech hub has found that two in five of Northern technology workers believe the city requires improved internet connectivity to make it more attractive to UK-based tech companies.

The research commissioned by WiredScore, the world’s leading digital connectivity rating scheme for commercial property, found that despite high confidence in the local economy, concerns remain around the potential impact of the city’s connectivity on future business investment.

Connectivity is at the heart of the modern business. And it’s not just tech and digital companies that need faster, more reliable, more affordable internet to be able to grow.

While confidence in the city to deliver internet is relatively high, one in five respondents fear it could have a negative impact on the city.

One in 10 tech professionals think that poor connectivity could damage the city’s reputation by discouraging Manchester-based entrepreneurs. Another 10 percent of survey respondents also claimed that current connectivity levels give a poor impression of the city to potential investors – which could even put off businesses from operating in Manchester.

Commenting on the role of connectivity for Mancunian businesses, Sir Howard Bernstein, Chief Executive of Manchester City Council said "Over the past 40 years, I’ve witnessed a dramatic change in Manchester’s local economy – but today, the city is on the verge of assuming its potential as a global leader in the digital economy. To achieve this, both the public and private sector must work together to ensure that every Mancunian business has the opportunity and resources to reach its potential – and connectivity has undoubtedly become a crucial element of this.”

The commercial real estate industry was identified as having a critical role to play in future proofing the city to support its continued business growth. A third of northern tech workers believe that more businesses will be attracted to the city if landlords were able to offer greater/improved connectivity.

“It is essential that developers and landlords in Manchester consider the ever-more important role of technology in business – both for tech companies and otherwise - and provide the connectivity that meets the current and future needs of their occupiers,” commented William Newton, UK Director at WiredScore. “With its vast talent pool and thriving tech community, Manchester has the potential to be a leading global capital of technology if it can demonstrate it’s a future-proofed choice for entrepreneurs and investors - at home and from further afield.”

This research coincides with WiredScore’s Manchester launch, with Sir Howard commenting that “I am delighted that WiredScore is now supporting Manchester’s property community in improving its underlying connectivity infrastructure to enable future business growth.”


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