Data snapshot as of September 2026. For live figures on a specific Manchester property, use our yield calculator or see the full Manchester market data.
Manchester skyline — photo by GJMarshy, via Wikimedia Commons (CC BY-SA 4.0).
Following Keir Starmer's resignation in June, Andy Burnham — until then the Mayor of Greater Manchester — became prime minister on 20 July. Four days later, on 24 July, his government opened its first regional hub: No10 North, based at Heron House in Manchester's Albert Square. It hosted the first meeting of the revived National Economic Council on day one. The stated purpose is coordinating regional growth and devolution policy — including mayors keeping a larger share of the local tax revenue they raise, which Burnham has called the biggest transfer of power to England's regions in a generation.
What's actually landing on the ground
A hub is a signal, not a spending commitment on its own — so it's worth looking at what devolved investment in Manchester has actually built recently. In March, Manchester City Council's £86m Good Growth Fund allocation was confirmed: £26m for Wythenshawe, funding 423 new homes on brownfield sites — 233 for social rent, 109 "extra care" homes and 81 affordable — as part of a wider plan for up to 2,000 homes there; and £60m for a new Metrolink stop at Sandhills in Collyhurst, unlocking the next phase of regeneration in north Manchester. It's not a No10 North announcement itself, but it's the pattern of investment that a government hub now sits directly on top of.
The fundamentals were already strong
Government attention lands better on a market that already works, and Manchester's numbers were already ahead of most of the country before any of this. Greater Manchester's economy generates over £90bn a year and was named the UK's fastest-growing city economy in 2025 by the EY ITEM Club. Metrolink runs 8 lines and 99 stops, the UK's largest light-rail network, and Manchester Airport handled 32.1 million passengers in 2025. One of Europe's largest student populations anchors rental demand in and around the centre, and Spinningfields — the financial and professional-services core sometimes called the "Canary Wharf of the North" — has pulled major employers north:
What it means for investors
A government hub doesn't move a rental yield on its own, and it isn't a reason to buy anything on its own either. What it does is reduce the risk that sits underneath every regeneration story: that the investment dries up before it's delivered. Devolved funding with a share of the tax base attached, and a government structure now sitting in the city to coordinate it, is a genuine tailwind on top of fundamentals that were already the strongest in the country outside London. It's consistent with why we've concentrated sourcing in Manchester for years, not a new reason invented for this month.
As always: a strong city story doesn't excuse skipping the numbers on an individual property. The area can be right and the specific deal still wrong — that's what our due diligence process exists to catch.
Sources: CNN and Al Jazeera (Keir Starmer's resignation, 22 June 2026); NBC News and ABC News (Andy Burnham becoming prime minister, 20 July 2026); UK Government and Public Sector Executive (No10 North, July 2026); Manchester City Council (Good Growth Fund, March 2026); Bank of England Monetary Policy Committee (rate decision, 17 September 2026); EY ITEM Club UK city growth tracker, 2025. Figures are indicative and move with the market.
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