01625 588 200
01.13.2012
People Power Drives Growth in Stockport
Author
dawndev

Stockport’s labour force is playing a key role in attracting newbusinesses to the region, according to one of the largestprivately-owned development and investment companies in the UK.

Customer research conducted by Orbit Developments has shown thatbusinesses moving to the area consistently rank the town’s labourdemographics highly amongst other factors, including connectivity,cost and location.

With a population of 284,600, Stockport is home to an estimated128,700 employees[1], making it one of thelargest labour pools in the North West. This, combined with ahighly skilled and productive workforce, has helped to establishStockport as an important business location and is believed to bebehind the recent arrival of high-profile companies in the town,including British Sky Broadcasting.

Speaking of the importance of labour in the Stockport market,Rhys Owen, leasing surveyor at Orbit Developments, said: “We askall tenants to highlight their reasons for relocation and thequality of the local labour pool is consistently ranked as one ofthe most important factors.

“We have recently seen an increase in demand from service-basedcompanies looking to relocate their back office, businessadministration and support services to the area. For them, accessto a high volume of skilled workers is fundamental to theirdecision-making.”

In 2011, Orbit leased 9,720 sq ft of office space toAmerican-owned Jacobs Engineering at Park Square – one of southManchester’s largest office buildings. Canadian-owned business TheCash Store also leased 9,000 sq ft of office accommodation atApplicon House in Stockport. Both deals are expected to drawsignificantly on the local labour pool.

Councillor Kevin Hogg, executive member for regeneration atStockport Council, said:  “Having a qualified and educatedworkforce has been key to Stockport’s success in attracting newemployers. 55 per cent of Stockport’s working age population isqualified to at least NVQ Level 3, while 35 per cent hold an NVQLevel 4 qualification or equivalent. This is higher than theregional and national average, meaning we have an exceptionallyskilled labour force available to local businesses.

“Continued investment in the borough by Stockport’s existingemployers is also key to its growth as a business hub.”

Chris Cheap, director of GVA, the joint agent acting for ParkSquare, commented: “Stockport is a major contributor to the GreaterManchester economy and, over the next five years, we predict thetown will see stronger than average growth. This underlines theregion’s role as an area for growth outside Manchester city centre.It also demonstrates that Stockport has a dynamic businessbase capable of outperforming the regional and national rate ofgrowth.”

Owen continued: “Stockport is more than capable of holdingits own in the current economic climate. It has an above averagenumber of workers and the third highest level of productivity inGreater Manchester, making it a great place to do business. Thisrecent arrival of major companies is testament to the strength ofthe region. It’s great that the people of Stockport can countthemselves as a reason for that success.”

Source: [1] Stockport Economic Overview,Stockport Metropolitan Council, August 2011.

Related Articles

Orbit Hosts Latest Investment for Brightstar in Crewe

Orbit Hosts Latest Investment for Brightstar in Crewe

Brightstar - the global leader of end-to-end device lifecycle management solutions and device protection provider - has announced it will be opening a new customer contact centre in Crewe, Cheshire. The new location is part of Brightstar’s £50M investment into the UK...

Sales Demands Space From Online Beauty Brand

Sales Demands Space From Online Beauty Brand

A lockdown-driven explosion in sales and profits for Handforth-based Beauty Works has led to an expansion of operations into a neighbouring warehouse on Orbit Development’s Stanley Green Business Park. The new leasing deal for the luxury hair extensions and...

Landlords Celebrate Commercial Lettings

Landlords Celebrate Commercial Lettings

Orbit Developments has completed over 20,000 sq ft of office lettings in the last four months on its popular Tytherington Business Village in Macclesfield. In line with the burgeoning fortunes of medical and healthcare brands during the pandemic, a number of leading...

Global Healthcare Comms Business expands

Global Healthcare Comms Business expands

Lucid Group is increasing its share of office space on the popular Tytherington Business Village, after a sustained period of growth, which has seen it outperform a buoyant marketplace and taken its head count in the North West to 60. Lucid Group, a leading global...

Share This