Manchester Central and Exhibition Centre profits up 36%
06-Aug-10by Annie Byrne
The recently expanded Manchester Central and Exhibition Centre (MCEC) saw profits climb by 36 per cent in the last financial year.Owner Destination Manchester, itself wholly owned by Manchester City Council, had an operating profit of £555,000 in the year up to March.A spokesman for the venue told the Manchester Evening News the results reflect an overall increase in sales and careful management of costs, “despite a difficult trading period, we are pleased to report an increase in profits for the last year - in what is a highly competitive market place.“We predict market conditions to remain challenging for at least a further 18 months, especially in the exhibitions market,” they said. “So our strategy is to focus on delivering value for money while continuing to grow the business and deliver the maximum economic impact for the businesses of Manchester.”Figures from the MCEC show that the conference trade generated £56m of economic impact to the Manchester region. Among the venue’s upcoming events is the TUC in early September, and the Labour Party conference which starts on 26 September. The venue is also due to unveil three new smaller conference halls, capable of hosting another 1,000 people in total, as well as new frontage and reception space. “It is this continued programme of improvements which began with the very well received new frontage and foyer area, and the new link areas which allow us to keep winning business and competing against other major conference centres like Birmingham, Harrogate and Excel in London,” said the spokesman.