Manchester’s Victoria North has been named as one of seven areas identified as potential sites that could be developed as part of its scheme to deliver a wave of “new towns” in England.
In the announcement this morning the Government has said that the seven sites will taken forward for further consultation, with the final locations to be confirmed later this year.
One site not included was Adlington in Cheshire which had been the location of protests about the scheme
The plans for Victoria North will see at least 15,000 homes across 390 acres of land with a new Metrolink stop connecting residents to jobs across the city as well as a Riverside Park along the River Irk and schools and Healthcare facilities
The government has also confirmed today that the National Housing Bank will launch on 1 April. It will be backed with up to £16bn of financial capacity and will aim to deliver over 500,000 new homes.
The government has also confirmed additional support worth up to £400 million over the next decade for subsidised products. This will enable both the National Housing Bank and regional Mayors to issue loans and investments at lower interest rates and unlock housebuilding across the country.
Greater Manchester mayor Andy Burnham said: “We are glad to see Victoria North getting this backing from the Government. It is one of the UK’s most ambitious regeneration projects right at the heart of its fastest-growing city-region. Victoria North will see the building of 15,000 new homes, including many for social rent, alongside high-quality green spaces close to our city centre.”
