{"id":33304,"date":"2025-11-20T11:42:11","date_gmt":"2025-11-20T19:42:11","guid":{"rendered":"https:\/\/essential.construction\/news\/manchester-mayor-bets-1bn-on-good-growth-fund-project-drive\/"},"modified":"2025-11-20T11:42:11","modified_gmt":"2025-11-20T19:42:11","slug":"manchester-mayor-bets-1bn-on-good-growth-fund-project-drive","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/manchester-mayor-bets-1bn-on-good-growth-fund-project-drive\/","title":{"rendered":"Manchester mayor bets \u00a31bn on \u2018good growth fund\u2019 project drive"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>A first \u00a3400m wave is due for sign-off next week by the Greater Manchester Combined Authority, with three schemes lined up for each district in a decade-long construction drive.<\/p>\n<p>Together the schemes will help trigger nearly 3,000 new homes, 22,000 jobs and 2m sq ft of employment space and unlocking a further \u00a31.3bn in private capital.<\/p>\n<p>The cash sits inside the new GM Good Growth Fund, backed by the Greater Manchester Pension Fund and designed to pump-prime stalled sites before recycling repaid loans back into the pipeline.<\/p>\n<p>Big early plays include the \u00a344m conversion of the old Kendals store into new offices, \u00a341m for Stockport 8\u2019s town-centre neighbourhood, \u00a331m into Oldham\u2019s 331-home Prince\u2019s Gate, \u00a326m for Trafford Wharf\u2019s 382 homes, and \u00a323m for social and affordable homes at Salford\u2019s Adelphi Village.<\/p>\n<p>Wigan\u2019s Cotton Works overhaul, Prestwich\u2019s Longfield Centre revamp, Ashton town-centre regeneration, and Bolton\u2019s 800,000 sq ft Wingates logistics hub are also in the first wave.<\/p>\n<p>Burnham said the region was ready to \u201cpioneer a new model for economic growth\u201d and warned that growth must now be felt \u201con every street, in every district\u201d, not only in the city centre.<\/p>\n<p>A second funding wave will land in March as Greater Mancjester ramps up plans for town-centre housing, lab space, advanced manufacturing hubs and Bee Network-linked neighbourhoods across the region.<\/p>\n<div class=\"break-out-box\">\n<h4>\u00a3400m first-wave projects \u2013 by borough<\/h4>\n<hr>\n<h3>Oldham<\/h3>\n<hr>\n<ul>\n<li>\u00a331.5m for Prince\u2019s Gate next to Oldham Mumps station, delivering 331 homes including 75 for social rent as part of a wider 2,000-home town-centre plan.<\/li>\n<li>Sports Town MDC concept with Oldham Athletic, including training facilities and a netball stadium (pipeline).<\/li>\n<li>Northern Roots urban farm and eco-park over 160 acres (pipeline).<\/li>\n<\/ul>\n<h3>Trafford<\/h3>\n<hr>\n<ul>\n<li>\u00a326m to unlock 382 new homes at Trafford Wharf, the first major investment in the Old Trafford Regeneration area.<\/li>\n<li>Redevelopment of Stretford Mall into 427 homes, 178 affordable (March 2026 tranche).<\/li>\n<li>Old Trafford Regeneration mega-scheme centred on a new 100,000-seat stadium and 15,000 homes (pipeline).<\/li>\n<\/ul>\n<h3>Bury<\/h3>\n<hr>\n<ul>\n<li>\u00a36.8m for the Prestwich village centre overhaul, including demolition of redundant Longfield Centre buildings, a new market hall and travel hub.<\/li>\n<li>235 new homes at Prestwich Village (March 2026 tranche).<\/li>\n<li>Bury Interchange rebuild into a carbon-neutral transport hub (pipeline).<\/li>\n<\/ul>\n<h3>Bolton<\/h3>\n<hr>\n<ul>\n<li>\u00a317.1m Wingates investment supporting a new MDC, an 800,000 sq ft logistics hub and up to 6,900 jobs.<\/li>\n<li>Crompton Place demolition and replacement with new homes, offices and hotel (pipeline).<\/li>\n<li>Lee Hall development: 450 new homes, including 157 affordable (pipeline).<\/li>\n<\/ul>\n<h3>Manchester<\/h3>\n<hr>\n<ul>\n<li>\u00a320m for the Sister innovation hub, converting former University of Manchester buildings into lab and tech space.<\/li>\n<li>\u00a344m to refurbish the old Kendals department store on Deansgate into prime office space.<\/li>\n<li>\u00a334.1m to accelerate Victoria North, delivering up to 15,000 homes between Victoria station and Queen\u2019s Park.<\/li>\n<\/ul>\n<h3>Tameside<\/h3>\n<hr>\n<ul>\n<li>\u00a37.6m to kickstart Ashton town-centre regeneration, including affordable homes, employment space and a revamp of Market Square.<\/li>\n<li>Up to 2,150 new homes at Godley Green, including 300 affordable (pipeline).<\/li>\n<li>Vision refresh for Ashton and Stalybridge corridor (pipeline).<\/li>\n<\/ul>\n<h3>Salford<\/h3>\n<hr>\n<ul>\n<li>\u00a323.4m into Adelphi Village, delivering 301 social\/affordable homes, 42 townhouses and 336 new apartments.<\/li>\n<li>Salford Crescent \u00a32.5bn masterplan: transport links, university expansion and mixed-use growth district (pipeline).<\/li>\n<li>Acoustic Innovation Institute for advanced R&amp;D (pipeline).<\/li>\n<\/ul>\n<h3>Stockport<\/h3>\n<hr>\n<ul>\n<li>\u00a341.3m for Stockport 8, funding phase one of 435 homes (82 affordable) within a 1,300-home walkable town-centre neighbourhood.<\/li>\n<li>\u00a315m to deliver 245 age-inclusive homes at Fletcher Street.<\/li>\n<li>Expansion of Stockport MDC to cover entire town centre, bringing forward 4,000 new homes, school, health hub and riverside park (pipeline).<\/li>\n<\/ul>\n<h3>Rochdale<\/h3>\n<hr>\n<ul>\n<li>March 2026 funding for 200+ homes next to Rochdale railway station (Station Gardens).<\/li>\n<li>Sustainable Materials and Manufacturing Centre with University of Manchester (pipeline).<\/li>\n<li>Tram-train expansion linking Oldham, Rochdale, Middleton, Heywood and Bury (pipeline).<\/li>\n<\/ul>\n<h3>Wigan<\/h3>\n<hr>\n<ul>\n<li>\u00a314m for Cotton Works at Wigan Pier, delivering almost 180 new homes.<\/li>\n<li>\u00a39.9m for 93,500 sq ft of commercial, office, leisure and healthcare space, creating around 670 jobs.<\/li>\n<li>Leigh Mayoral Development Zone, including plans for a new University Campus for Health and Social Care (pipeline).<\/li>\n<\/ul>\n<\/div><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.constructionenquirer.com\/2025\/11\/20\/manchester-mayor-bets-1bn-on-good-growth-project-drive\/\" rel=\"nofollow noopener\" target=\"_blank\">This article was originally posted at Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] A first \u00a3400m wave is due for sign-off next week by the Greater Manchester Combined Authority, with three schemes &#8230; <a title=\"Manchester mayor bets \u00a31bn on \u2018good growth fund\u2019 project drive\" class=\"read-more\" href=\"https:\/\/essential.construction\/news\/manchester-mayor-bets-1bn-on-good-growth-fund-project-drive\/\" aria-label=\"Read more about Manchester mayor bets \u00a31bn on \u2018good growth fund\u2019 project drive\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1089],"tags":[],"class_list":["post-33304","post","type-post","status-publish","format-standard","hentry","category-construction-enquirer","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/comments?post=33304"}],"version-history":[{"count":0,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/posts\/33304\/revisions"}],"wp:attachment":[{"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/media?parent=33304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/categories?post=33304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essential.construction\/news\/wp-json\/wp\/v2\/tags?post=33304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}