Manchester United have confirmed that the plans for the regeneration of the area around Old Trafford are being backed by the Government
The plans were described last week as a major factor in the region’s growth unlocking 48,000 new jobs, 17,000 new homes, and adding £4.2 billion to the local economy.
The area around Manchester United’s Stadium in Old Trafford is a key part of the Western Gateway Growth Location, with plans to create new housing, commercial and public space around a new 100,000-seater stadium, or a refurbished 87,000-capacity ground.
The Old Trafford Regeneration Scheme represents the biggest sports-led regeneration scheme since the London 2012 Olympics.
Now the Chancellor Rachel Reeves is reportedly backing the plan announcing that she would be “championing” the project and describing it as a shining example of the bold pro-development model that will drive growth across the region”.
Reeves’s backing was welcomed by United chief executive Omar Berrada. “The delivery of a world-class stadium can be the catalyst for major regeneration of an area of Greater Manchester which requires new investment to thrive again,” he said.
“We cannot achieve that wider aim on our own, which is why we welcome the announcement by the Chancellor and the ongoing support of the Mayor of Greater Manchester and Trafford Council.
