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Manchester
Business
including Insurance,
Enterprise & Financial Services
The
City of Manchester has long been a major business hub for the northwest
region of England and has been based traditionally on such sectors as
cotton,
coal and banking.
The city remains the commercial and cultural centre of the region, and
hosts much of its retail and office space and many of its heritage
centres.
The majority of the tallest buildings
and high rise structures in Manchester are commercial or business premises,
and most major national and international corporations have branches
or headquarters here.
The Co-operative movement has made its home and headquarters in the
city and has delivered extensive new office
spaces and retail facilities. From the mid-19th century major banking
institutions were established or moved into the city, including Heywoods
Bank, Rothchild's, Coutts and the Bank of England, as well as investment
bankers and venture capital providers, contributing to the city's status
as a major international commercial and business centre.
* In a poll of British business leaders published in 2006, Manchester
was regarded as the best place in the UK to locate a business. In 2010
it was ranked the second-best city in the UK to locate a business, and
the twelfth-best city in Europe. A report commissioned by Manchester
Partnership, published in 2007, showed Manchester to be the "fastest-growing
city" economically and the third most visited city in the United
Kingdom by foreign visitors.
Major commercial,
business and industrial companies located in the Manchester conurbation
include the BBC (formerly in its northern headquarters at Oxford Road),
now in a major new development and relocation to Media City in Salford
Quays. Others include Direct Line Insurance, Guardian Media Group, the
Highways Agency, ITV Granada Studios, Kellogg's Company, BAE Systems,
Siemens, the RAC and Royal Bank of Scotland, among many others. All
in all, Manchester has demonstrated that it is an excellent place to
set up or to relocate business.
Business Services Listed Alphabetically:
See Also:
Sponsored Listings:
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There
are more than 60 banking institutions in the City of Manchester, (including
some 40 from overseas), bearing witness to the boast that Manchester
transacts more international finance than any other region in the country.
For example, the Bank of England maintains its largest regional office
in Manchester and the Co-operative Bank and Davenham's merchant bank
have headquarters in the city.
There are over 15,000
people employed in some form of banking in the city of Manchester. Of
these, the Co-operative Bank is commonly regarded as the most "modern"
of banks in the United Kingdom and it commands respect throughout the
world. It virtually dominates local authority financing in Britain,
particularly in handling accounts for secondary and higher education.
The Co-op is regarded
as a most ethical bank, and has set a standard which the other banks
are beginning to emulate.
All the major clearing
banks are represented in Manchester, of which Barclays, HSBC, NatWest
and the Royal Bank of Scotland are most well known. ABN-AMRO and the
Hong Kong and Shanghai Bank are Manchester's two biggest overseas banks,
covering the whole of Northern England and Scotland from their Manchester
offices, the former focusing on larger companies, the latter on traders
and import-exporters.
One of the two Japanese
banks in the city, Fuji Bank, specialises in financial services, and
there are half a dozen merchant banks in the city with clients nationwide.
Rothschild's, before
moving to London, began life in Manchester. The banks arrange a wide
range of services from privatisation and floatation to commercial banking
and international treasury consultancy.
Quite apart from
the bigger national banks, private banks are continually increasing
in number in Manchester. In 1993 Coutts, the Royal bankers, set up in
the city and the Midland Private Bank recently announced plans to begin
operations in the North West.
Acknowledgement:
* Some of the information on this page was
sourced at Wikipedia (www.wikipedia.com).
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