Driving Innovation and Investment in Greater Manchester
Key Ideas
  • Thousands of new jobs are set to be created in Greater Manchester through a research and innovation hub, attracting significant investment.
  • The UK government aims to strengthen ties with the UAE and Saudi Arabia to boost growth and opportunities for the UK and abroad.
  • Hydrogen-related projects like buses, trucks, production, and distribution will be implemented, aiming to remove over 25 million tons of CO2.
  • Greater Manchester will benefit from Saudi investment in housing, aiding in the regeneration of areas like Stockport.
The UK government has announced plans to create thousands of new jobs in Greater Manchester through a research and innovation hub as part of the 'Plan for Change'. This initiative, aimed at driving investment into various cities and regions, includes closer ties with the UAE and Saudi Arabia. The project involves Graphene Innovation Manchester launching commercial production of graphene-enriched carbon fibre, in collaboration with Saudi Arabia's NEOM Giga-Project. Additionally, a significant investment of £250 million will support the development of a research and innovation hub, with a focus on hydrogen-related projects to reduce transport-related CO2 emissions. Manchester is also set to benefit from Saudi investment in housing, with £41 million allocated to the regeneration of Brunswick Mill in Stockport. The government's long-term missions aim to deliver change and create jobs, with a focus on the North reaping immediate benefits. The announcement signals a positive sentiment towards innovation, sustainability, and economic growth in Greater Manchester.
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