Story perspectives

Greater Manchester's AI Sector Soars to £3.1bn, Set for £11.2bn

4/30/2025

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Summary

Story summary

Greater Manchester's AI sector is valued at £3.1bn, expanding fivefold since 2020, employing over 13,500 professionals.
The Turing Innovation Catalyst (TIC) forecasts growth to £11.2bn by 2035, adding £18.6bn to the local economy.
The region attracted £435m in venture capital from 2021 to 2023, ranking 13th in Europe for AI talent.
TIC fosters innovation by supporting startups and linking them with academic resources.
Manchester aims to enhance its global AI leadership through strategic collaboration and investment.

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Story summary

Greater Manchester's AI sector is valued at £3.1bn, expanding fivefold since 2020, employing over 13,500 professionals.
The Turing Innovation Catalyst (TIC) forecasts growth to £11.2bn by 2035, adding £18.6bn to the local economy.
The region attracted £435m in venture capital from 2021 to 2023, ranking 13th in Europe for AI talent.
TIC fosters innovation by supporting startups and linking them with academic resources.
Manchester aims to enhance its global AI leadership through strategic collaboration and investment.