A major £400 million investment in new homes and jobs has been signed off by Greater Manchester Leaders, as part of the city region’s mission to deliver good growth – with Government giving its backing to our plans.
The Greater Manchester Good Growth Fund is investing in the first wave of 17 priority projects across the city region.
They include new regeneration schemes in town centres from Ashton-under-Lyne and Stockport to Oldham and Wigan, and major new developments in Prestwich and Salford Crescent.
Getting off the ground in 2026, together these 17 schemes are set to deliver nearly 3,000 homes, more than 22,000 jobs, and 2 million square feet of employment space.
They are:
Bolton
£17.1 million to support development at Wingates, with a new 800,000 square foot logistics hub with the potential to create 6,900 jobs, and driving forward growth in Bolton town centre with a new Mayoral Development Corporation, creating new jobs and homes.
Bury
£6.8 million to revitalise the centre of Prestwich, demolishing unused buildings at the Longfield Centre site, creating a new Market Hall and retail space, and supporting the development of a new multistory travel hub.
Manchester
£20 million to expand Sister, Manchester’s global innovation hub, by investing in the redevelopment of former University of Manchester buildings to create new office and lab space for advanced manufacturing and materials, life sciences, low carbon and green technology, and our thriving digital and tech sectors.
£44 million to refurbish the old Kendals department store on Deansgate, creating new state-of-the-art office space in Manchester city centre.
£34.1 million for Victoria North, one the UK’s biggest urban regeneration projects, which will deliver up to 15,000 new homes between Victoria Train Station and Queen’s Park in Collyhurst and identified as one of the Government’s 12 New Towns.
£22.1 million to deliver 81,000 square feet of high-end lab space at Upper Brook Street, supporting Manchester’s world-leading strengths in the life sciences sector.
£13 million for the next phase of development at Mayfield, incorporating the 92,000 square foot Poulton office building and the adjacent transport hub close to Piccadilly Station.
£7 million to fund the first phase of development of Mid-Tech units at Mix Manchester, providing fast-growing innovative SMEs with over 100,000 square feet of state-of-the-art specialist space so they can scale up their ambitions.
£17 million to develop 364 apartments on Whitworth Street, regenerating brownfield land to create new homes in the heart of the city.
£16.3 million to deliver 126 new apartments in the Northern Quarter, through a partnership between Manchester City Council and the GM Pension Fund to bring forward schemes with a mix of housing – including a fifth at Manchester Living Rent.
Oldham
£35.1 million to help build 331 new homes next to Oldham Mumps station – including 75 social homes – as part of the Prince’s Gate scheme, which will deliver a total of 2,000 new homes across the town centre over the next decade.
Salford
£23.4 million for the redevelopment scheme at Adelphi Village, delivering 336 apartments across two new buildings. The scheme will create high-quality homes of different types and tenures – including 301 homes for social and affordable rent and 42 new townhouses.
Stockport
£41.3 million to help unlock the Stockport 8 development – a new walkable and sustainable neighbourhood of 1,300 energy-efficient homes in the town centre, delivering 435 new homes in the first phase, including 82 for affordable rent.
£15 million to bring forward 245 new homes on a derelict office block and car park site on Fletcher Street in Stockport town centre. The age-inclusive homes, set within an environmentally sustainable building, will meet the Lifetime Homes standard, ensuring they are accessible, convenient and adaptable for people throughout all stages of life.
Tameside
£7.6 million to support the redevelopment of Ashton town centre to deliver new affordable homes, employment space, and breathe new life into Market Square and the outdoor markets.
Trafford
£26 million to unlock 382 new homes as part of the Trafford Wharf development – the first major investment in the Old Trafford Regeneration area, the biggest sports-led regeneration scheme since London 2012.
Wigan
£14 million to support the Cotton Works redevelopment of the Grade II-listed Eckersley Mill complex at Wigan Pier, including the building of almost 180 new homes.
£9.9 million to deliver 93,500 square feet of commercial, office, leisure, and healthcare space through the Cotton Works redevelopment scheme – expected to create around 670 new jobs.
At the GMCA meeting in Bury, Leaders also approved plans to support development at Stockport Interchange, extending a £26 million loan for the flagship transport-led regeneration scheme.
