The North West is one of the most dynamic regions in the UK, with a thriving business ecosystem that is constantly evolving. As we move further into 2021, there are certain North West business news stories that are worth watching out for.
In this article, we’ll take a look at the Top 10 North West Business News to Watch Out for in 2021.
1. The growth of the digital economy: With the pandemic reshaping how we work and conduct business, the digital economy has become more important than ever. The North West is well-positioned to benefit from this trend, with companies like Manchester-based BookingGo, which owns taxi app Taxi2Go, scaling up operations.
2. The rise of innovative startups: The North West has always been a hotbed for startups, and this trend is set to continue in 2021. Watch out for companies like Manchester-based Peak AI, which provides AI solutions to businesses, and Liverpool-based Immersify Education, which uses VR to enhance learning.
3. The future of retail: Retail has been hit hard by the pandemic, but there are signs of recovery in the North West. Companies like Boohoo, based in Manchester, have reported strong growth despite the challenging environment.
4. The impact of Brexit: The UK’s exit from the EU will have a profound effect on the North West, which has close ties with Europe. Keep an eye on how companies like Liverpool-based Jaguar Land Rover navigate the post-Brexit landscape.
5. The growth of green businesses: The North West has long been a hub for green businesses, and this trend is set to accelerate in 2021. Watch out for companies like Liverpool-based Heresy, which provides eco-friendly packaging solutions, and Manchester-based EnergiMine, which uses blockchain technology to incentivize energy-saving behavior.
6. The future of transport: With the pandemic changing the way we travel, the North West is at the forefront of innovation in transport. Keep an eye on companies like Manchester-based Arrival, which is developing electric delivery vehicles, and Liverpool-based Tratos, which provides sustainable cabling solutions.
7. The resurgence of manufacturing: The North West has a proud manufacturing heritage, and this sector is showing signs of a comeback. Keep an eye on companies like Manchester-based Lucy Group, which provides bespoke engineering solutions, and Warrington-based Lymm Truckwash, which is investing in new facilities.
8. The impact of gig economy regulations: The gig economy has been a hotly-debated topic in recent years, and new regulations could have a significant impact on businesses in the North West. Keep an eye on companies like Manchester-based Deliveroo, which has been at the forefront of this debate.
9. The role of universities in the business ecosystem: The North West is home to some of the UK’s leading universities, and these institutions play a critical role in the region’s business ecosystem. Keep an eye on companies like Manchester-based spinout Nanoco, which provides advanced materials for electronics, and Liverpool-based spinout Diagnostics for the Real World, which provides affordable healthcare solutions.
10. The impact of Covid-19 on the North West economy: Finally, the pandemic has had a profound impact on the North West economy, and its effects are likely to be felt for some time to come. Keep an eye on how companies like Manchester-based AO World, which has seen a surge in online sales, adapt to the new normal.
In conclusion, the North West is a region to watch in 2021, with a vibrant business ecosystem that continues to evolve. Whether it’s the growth of the digital economy, the resurgence of manufacturing or the impact of Brexit and Covid-19, there is plenty to keep an eye on in the months ahead.
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