A campaign has been launched by some of Manchester’s leading business owners and public figures to drive footfall back into the city centre post-lockdown.
Bury-born ex Manchester United star and pundit/commentator Gary Neville has joined forces with other prominent figures – with the backing of Manchester City Council leader Sir Richard Leese, and Greater Manchester Mayor Andy Burnham – to create United City.
The collective of business leaders want to encourage people to return safely to towns and the city centre.
United City says increasing footfall is “critical to the success” of the entire region, and will campaign to get Greater Manchester on the road to economic recovery, fix its “broken ecosystem”, and also commission independent research to back up its messages, with hard data and use findings to negotiate with central government.
The founders of United City are Gary Neville of Relentless Group, Chris Oglesby of Bruntwood, Lisa Morton of Roland Dransfield PR, Will Lewis of OBI and Frank McKenna of Downtown in Business.
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The group hopes to get the region “back on its feet” and back to supporting retail, leisure, culture, and sports businesses, as well as provide support and advice for business owners to make sure workforces are welcomed back safely.
Raising funds for vulnerable citizens is also included in the plans.
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United City‘s strategy plans – which looks to creating COVID-secure environments – include input from the Greater Manchester Combined Authority and Manchester City Council, and its privately-funded research will help to bridge the gap by providing clear data to manage safety in workplaces, hospitality venues and on transport.
The research will also allow Greater Manchester leaders to negotiate with the government on local lockdown restrictions and navigate their own way out of them.
Gary Neville – Founder and Director of Relentless Group – said: “Manchester is built on community and entrepreneurial spirit [and] it’s imperative that this crisis doesn’t remove that from our DNA [so] United City will create a clear path forward for the region and will help to effect genuine change for the people and businesses that are based here.
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“To make this happen, we need as much support from the business community as possible.
“We are looking for business leaders to step up and lead the change to our working habits, to get our teams back into the office, and back together again.”
Chris Oglesby – CEO at Bruntwood – commented: “It goes without saying that the region’s ecosystem is broken without a confident and collective return to a more normal life, and that an economic recovery for the city – and millions of people who rely on that ecosystem – is impossible without a shared impetus to get things moving again.
“Within the UnitedCity steering group, we have professionals who can support and advise business leaders to ensure that they are able to practically and emotionally support their returning workforces.
“The city centre in particular needs life breathed back into it; it’s nothing without its people, and the culture, hospitality, retail and leisure businesses within it have helped create Manchester’s reputation as a hotbed of innovation and dynamism.
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“We’ll be looking to build a broad coalition with other business organisations and political leaders, with the long-term aim of ensuring Greater Manchester can recover in a way which is sustainable and healthy.”
Will Lewis of OBI added: “A lot of people still haven’t even been back to the city centre since March.
“We’re so concerned for all sorts of different sectors, so we hope that this organisation will encourage and help Manchester and encourage people to get back to the city – not in a cavalier way, in a COVID-secure way.
“It’s got to be done safely.”
You can find out more about the United City campaign and objectives here.
Business
WeWork is closing its enormous office in Spinningfields, with tenants told to move out
Daisy Jackson
Co-working giant WeWork has announced the shock closure of its flagship space in Manchester, an enormous unit in the heart of Spinningfields.
Those who rent desks or offices within the space have been served notice to move out by the end of the month.
It’s understood that WeWork’s three remaining locations in Manchester are unaffected.
The US-based workspace company first moved into the 60,000sq ft unit at No.1 Spinningfields in 2017, offering flexible solutions to businesses of varying sizes.
But in the last few years it’s faced major financial difficulties, with WeWork eventually filing for bankruptcy in the States.
It was previously valued at $47 billion before its bankruptcy overseas.
On the closure of its huge Manchester office, a WeWork spokesperson said: “As part of WeWork’s efforts to achieve a sustainable capital structure and profitable business to serve our members for the long term, we have made the decision to stop operating at No1 Spinningfields in Manchester.
“We look forward to continuing to provide our members with flexible space solutions across our other locations in the city and the rest of the UK, which remains a key market for us.”
An email sent to tenants said: “After carefully evaluating our offerings in Manchester, we have made the decision to stop operating at WeWork No 1 Spinningfields… the move out will occur by 31 May 2024.
“We understand this may cause disruption to your business and are very sorry for any inconvenience this may cause.”
Have you been affected by WeWork’s Manchester closure? Email [email protected] who can help with central, flexible office spaces.
Business
Premier League agrees new spending cap after ‘majority of clubs’ vote in favour
Danny Jones
The Premier League has reached an agreement in principle on a new spending cap for all teams as the English top flight looks to replace the current Profitability and Sustainability Rules (PSR).
Set to be installed from the 2025/26 season onwards once fully ratified, revised spending limits will placed on teams in the first division, the number for which will be calculated in relation to a multiple of the money earned in prize money and TV rights by the lowest-earning club in the Premier League.
If approved at the AGM (annual general meeting) this June, the new model will replace the existing PSR system under which multiple clubs have broken FFP and been charged with other breaches over recent years, with Everton and Nottingham Forest having already been deducted points this season.
Although 16 of the 20 Premier League clubs reportedly agreed to the newly proposed regulations, four clubs were not in favour, with Manchester City, Man United and Aston Villa all said to have voted against the decision, while Chelsea chose to abstain.
The new max-spending model is being referred to as ‘anchoring’ or ‘tethering’, which will take into account total amounts spent on buying players, weekly wages, agents’ fees and more.
If successful following a final vote in June and brought through the season after next, the aim is to curb the increasing financial gap between the top and bottom of the table by preventing things like big sponsorships which may otherwise see clubs assert massive spending power during transfer windows.
According to the Independent, cost controls will now “limit club expenditure on salaries, signing and fees to 85 per cent of total revenue” for those not competing in European competitions.
This comes after Premier League teams previously the latest UEFA rules that will see those playing in the likes of the Champions, Europa and Conference League only allowed to spend 70% of that revenue, given the added financial uplift from qualifying for these tournaments.
While 16 yeas were enough to see the initial vote move forward, it will only require 14 out of 20 clubs to agree to the rule change in June for the motion to be fully passed.
A Professional Footballers’ Association (PFA) spokesperson said: “We will obviously wait to see further details of these specific proposals, but we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages.
“There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on.”