The Manchester Connection
An easy-to-reach location combined with world-class research makes Manchester the ideal choice for your location or collaboration.
Dynamic, entrepreneurial, multicultural, pioneering, influential thats Manchester. A thriving cosmopolitan city, constantly reinventing itself as it develops and expands. Manchester is the commercial, financial, educational and cultural capital of the UK’s largest economic region outside London. It is the North Wests regional centre for finance, commerce, retail, culture and leisure, home to a major international airport and one of the largest student populations in Europe. It has transformed itself from an industrial city dependent on manufacturing to a thriving, modern, dynamic, international city. Whilst manufacturing remains important, Manchester has attracted growth in the knowledge- based economy and is in the top ten of European cities for business location. The city is also the key economic driver for the region, voted Britain’s best city for business in a national survey of over 5,000 of the country’s biggest employers in 28 cities.
The cost of living in Manchester and the north west of England is on average 33% cheaper than in London and the south east. Salary rates in Manchester are extremely competitive when compared to London and the South East. At the same time the city lower cost of living offer the opportunity for individuals to enjoy the region’s enhanced quality of life.
The UK Government has reduced Corporation Tax levels to encourage business development and investment. According to the latest data, UK Corporate Tax rates are among the lowest in Europe when compared to the other main EU economies, and compare favourably to other major global economies. Also, generous R&D tax incentives are available to encourage innovation in the UK. The R&D tax credit works by allowing companies to deduct up to 150% of qualifying expenditure on R&D activities when calculating their profit for tax purposes. Companies which are SMEs can, in certain circumstances, surrender this tax relief to claim payable tax credits in cash from the HM Revenue & Customs. Large companies and SMEs involved in R&D may also be able to claim R&D capital allowances.
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UMIC is located at the centre of the Universitys research cluster and provides the opportunity to network with the academic research staff as well as the highly trained scientists and clinicians within the University institutes. Proximity to Manchester city centre, the international airport and the major motorway infrastructure allows us to readily extend our network nationally and globally.
As well as national and international sources of finance, Manchester has access to several local and regional-specific investment funds:
The University of Manchester Investment Fund (MIF)
Manchester Technology Fund
NW Equity Fund (NWEF)
Rising Stars Growth Fund
NW Business Investment Scheme (NWBIS)
Techinvest Business Angel network
M:KC Innovation into Success Fund
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