ID Manchester sets out bold ambition to be the innovation capital of Europe
At the Manchester Pavilion at MIPIM, The University of Manchester presented the unique opportunity to become its partner to deliver a new, world-class innovation district in the heart of Manchester, the £1.5 billion ID Manchester.
The presentation, attended by over 150 property professionals from all over the world, revealed The University of Manchester expects its joint partner to match its bold ambition to create a new neighbourhood which will nurture the next generation of game-changing businesses and bring huge economic benefits to Manchester.
Professor Dame Nancy Rothwell President and Vice-Chancellor of The University of Manchester, said: “I have seen how transformative other innovation districts in cities across the globe can be. I truly believe we can make ID Manchester the innovation capital of Europe, providing the perfect conditions for organisations of all sizes and from different sectors, to share knowledge and work together turning incredible ideas into reality.”
The University has strong track record in developing long-lasting, commercial relationships with leading global organisations such as Rolls Royce, the BBC, Siemens UK, Colgate Palmolive, Unilever and GlaxoSmithKline (GSK).
Since 2004 the University has contributed £746million to the economy through nurturing and developing businesses spinning-out of its research and development facilities, and it is on these foundations it seeks to build ID Manchester.
Diana Hampson, Director of Estates, The University of Manchester said: “The ID Manchester partnership has the makings of a formidable team. We will be looking for a world leading partner who has the experience and track-record to help us deliver this outstanding development.
Also speaking at the presentation this morning, Colin Thomasson Executive Director, CBRE, the property advisor to The University of Manchester said: “To create a successful innovation district you need a highly connected dynamic urban location. The city of Manchester has all the attributes required with its strong knowledge based economy, a young talented workforce and world leading university.”
“ID Manchester is the last major development opportunity in a city centre which is seeing exceptional growth, and perfectly positioned to reap the benefit from the city’s next wave of economic growth.
Joanne Roney, Chief Executive, Manchester City Council said: “The University and the city have long been closely aligned. We have grown up together and share a spirit of innovation, revolution and entrepreneurship. ID Manchester will build upon this proud shared history.”
It is expected an OJEU notice will be released in summer to signal the start of the competitive process to identify a partner, with a view to having an appointment made by mid-2020.