Manchester is spearheading AI and deep technology growth in the UK by fostering a robust tech ecosystem with strategic collaboration and investment.
- The city’s tech firms saw £532 million in investment in 2022, with significant growth expected by 2029.
- Greater Manchester received $57 million in AI investments in 2023, benefiting from a national surge in funding.
- Collaboration between universities and tech companies strengthens Manchester’s talent pipeline and innovation capabilities.
- The strategic development of Manchester’s tech ecosystem positions it as a leader in addressing complex challenges with AI.
Manchester has positioned itself at the forefront of the UK’s AI and technology scene, primarily through its deliberate ecosystem-building efforts. In 2022 alone, the city’s digital businesses attracted £532 million in investments. This momentum is expected to continue, with predictions valuing the tech and data sector at £5.5 billion by 2025 and £7 billion by 2029.
The region’s growth in AI investment is notable, with $57 million secured in 2023, reflecting a broader national increase. This north-western city is capitalising on the UK’s AI surge, wherein the nation’s startups amassed a whopping $3.4 billion, a 10% increase from the prior year.
The strength of Greater Manchester’s tech ecosystem lies in its collaborative foundations. Public bodies, academic institutions, and the private sector work in concert, fostering an environment where innovation thrives. Universities and tech companies have formed extensive networks, with over 19,000 STEM students providing a substantial talent pool.
Key players such as the Turing Innovation Catalyst serve as pivotal connectors in this ecosystem, linking academia, public sector, and private enterprises to stimulate startup creation and scaleup growth. Their efforts have supported over 120 AI-focused innovators and engaged 900 underrepresented individuals in skill development.
Manchester’s approach not only fuels economic growth but also addresses broader challenges such as digital inclusion, health tech, and climate solutions. By championing a culture of collaboration, the city is setting an example for other regions seeking to spur innovation and growth.
Manchester’s success in fostering a thriving AI and tech ecosystem underscores the city’s forward-thinking strategy and collaborative spirit, making it a model for others.
