London and the south east account for half of all the jobs advertised in the UK but according to Scott Fletcher, chairman and founder of cloud infrastructure specialists ANS Group, the north-south divide favours the north in the high-tech industries.??
"Work in High Tech industries is not as concentrated on London as in other sectors," he said. "High rents can force new companies out of the capital and more and more IT companies of all sizes have been migrating to the North West where Manchester is rapidly developing itself as the UK's high-tech hub."
A reported 0.6% increase in gross domestic product has improved hopes for the UK's employment market but there are fears that new jobs are being created disproportionately in the south east.
"The biggest increase in new jobs have been developed in the manufacturing sector and they do seem to be concentrated in the south east which makes it more important than ever high-tech industries continue to gravitate to the north west," said Mr Fletcher.
The BBC has moved a major part of its operations from London to MediaCityUK complex at Salford Quays where they will shortly be joined by ITV's Granada Division.
Manchester is already home to many globally trading companies such as PZ Cussons, The Co-operative Group, Umbro and the Peel Group (key developers of MediaCityUK). Multi-nationals like Kelloggs, Adidas and Siemens also have UK headquarters in the city.
"Such a density of global companies fosters a burgeoning digital sector and the North West boasts the second-largest 'digital cluster' in Europe and is probably the fastest growing industry sector in the UK," added Fletcher.