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For football fans the name manchester is probably nothing more than a football club but manchester is known for many things but it is perhaps best known for its cultural and industrial heritage the city was at the forefront of the industrial revolution in the 19th century and it was a hub of textile manufacturing which led to the growth of its population and economy located in the north of england manchester is the thirdlargest city in the uk with a population of around 553000 people its situated in the northwest of england and is surrounded by picturesque countryside with the peak district national park just a short drive away manchester has a rich history of technological innovation from the development of the worlds first computer in 1948 to the discovery of graphene the strongest and most conductive material known to man in 2004 the city is home to a thriving tech scene with startups working on everything from fintech to virtual reality manchester has a long and storied history from the industrial revolution to the suffragette movement its perhaps best known for the peterloo massacre of 1819 where 15 people were killed and hundreds injured during a peaceful protest for parliamentary reform manchester is home to two worldrenowned universities the university of manchester and manchester metropolitan university both institutions have strong connections to the citys startup scene with numerous spinoff companies and innovative research projects as of 2023 the living wage in manchester is 950 1143 per hour slightly higher than the uk national living wage of 930 per hour the city has an unemployment rate of around 2 manchester is the secondlargest economy in the uk with a citylevel gdp of 628 billion in 2021 manchester has seen a steady increase in the number of new companies starting up in recent years with a recordbreaking 14000 new businesses registered in the city in 2020 however the rate of company closures has also increased with around 10 of all startups in the city failing within the first year overall the startup scene in manchester is thriving thanks to a supportive ecosystem that includes government initiatives accelerators and a strong network of mentors and investors however challenges remain particularly around access to funding and talent the city is working hard to address these issues and with its vibrant community of entrepreneurs and innovative spirit manchester is poised to remain a key player in the global startup scene for years to come
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