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Manchester looks to Aston for help

4/3/2008

Experts from Aston Business School have been appointed by Manchester Enterprises, the economic development agency for Greater Manchester, in a £130,000 project to research the relationship between local investment and inward investment in their region.

Professor Nigel Driffield, an expert in regional economic strategy and head of the economics and strategy group at Aston Business School said “This sort of work is about identifying the engines for regional growth and discovering what is holding that growth back. Only with that information can a region create a successful strategy to drive itself forward.”

The project will evaluate investment rates in Manchester with comparable cities, aiming to identify the nature of the relationship between domestic and foreign investment. It will also look at spill over between inward investment and domestic firms within the local economy, between Manchester and the surrounding area and Manchester and the rest of the UK.

Professor Driffield added “We are delighted to be awarded this project. I believe it is Aston Business School’s reputation for this type of work that has encouraged Manchester look to the West Midlands for this expertise. Some could view our region as a competitor to Manchester, but in fact every region has its individual strengths and attractions for investment – this is all about a regional development agency expanding their knowledge base, identifying where future investment has to come from.”

The Economics & Strategy Group at Aston Business School carries out a wide range of research and teaching activities in the general fields of strategic management, economics, innovation and entrepreneurship and international business. The Group has an integrated research programme drawing on several key disciplines, notably economics and international business, strategic management, and innovation. Research within the Group is generally of an applied nature, and is designed to be directly relevant to business and policy makers.

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