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A brighter outlook for the North

The 2020 vision is clearer says Andrew Charnley, head of corporate relationships at Together

Andrew Charnley, head of corporate relationships at Together(Image: Mark Waugh Manchester Press Photography Ltd)

THE New Year brings a new bright outlook for the North, with significant political traction, investment promises and, finally, greater clarity over Britain’s relationship with Europe.

And it started with a bang in the world of commercial property with Manchester-based Bruntwood spending £22.5 million buying Stretford Mall and the Stamford Quarter in a joint venture with Trafford Council.

Political certainty driven by the General Election result brings new political promises and allegiances which should drive confidence in the region and, crucially, new investment.

One deal – albeit a very big one – does not transform the region on its own, but signs are there will be more to come as the new Government focuses on reviving the North and supporting its investment-starved towns.

The big positive from the election result is certainty over the next stage of Brexit, dissolving the impasse which has had a deep negative impact on inward investment.

The focus on getting Brexit done among other things will help in 2020.

Of course, challenges remain but our research at Together shows more than half (53%) of SMEs are more optimistic as a result of the end of Brexit uncertainty. Around three-quarters (76%) of SMEs we questioned plan to increase business investment as a result.

The biggest challenge for landlords and investors who can see the opportunities available in the North is being able to secure the funding they need.