International businesses are three times more likely to pick an airport location, rather than the city centre, when looking to expand their north west operations, according to new research.
The latest survey from Deloitte and Airport City Manchester, which monitors and reacts to trends and changes in inbound international business traveller behaviour at Manchester Airport, found that 20 per cent of companies that already had a presence in the north west were looking to expand, more than double last year’s total.
Around 33 per cent of these companies said that they would prefer an airport location.
Lynda Shillaw, divisional CEO Property at MAG, which is a 50 per cent joint venture partner in Airport City Manchester said: “Manchester Airport is an established international gateway and a surge in the number of businesses looking to expand in the region is certainly something to be celebrated.
“What is most interesting to see is the wide range of sectors coming to the region, with manufacturing, TMT and healthcare the top three.
“Airport City Manchester is the perfect location to meet the requirements of such a diverse range of occupiers. Offering unrivalled connectivity regionally, nationally and internationally access to a strong talent pool and a positive quality of life is the ideal choice for any international business looking to relocate, with costs up to 40% cheaper than London developments.
“The demand is there, so our focus is to showcase how we can meet occupier requirements, demonstrating both the benefits of being at Airport City Manchester as an occupier and how easy the transition is for international businesses that choose to locate themselves here.”
The research also identified an upsurge in business travellers from India and China.
Almost 10 per cent of business travellers were from the BRIC countries, with 73 per cent of these from India.
Jo Ahmed, director of Global Employer Services at Deloitte in the North West said: “India is one of the fastest growing economies in the world, so the increased links between India and the north west are incredibly positive.
“I’ve been part of a number of trips to India to promote international trade, and I’ve seen first hand the synergies between the two – particularly Manchester and Bangalore. Both sides stand to gain a lot from business relationships, and I’m encouraged by this growth in visitor numbers.
“International companies already benefit from doing business in the North West and our halo clusters such as Airport City Manchester are what will continue to set us apart on the global stage.”