20 June, 2008 – East Manchester's 10 year plan
New East Manchester, the urban regeneration company for East Manchester has set out its ten year strategic objectives for the area at an evening event hosted in the east of the city, in association with MIDAS.
Speaking at the event at Vermillion & Cinnibar, the £5 million thai eatery located in Miles Platting, New East Manchester chairman Robert Hough and chief executive Eddie Smith gave presentations to commercial property agents. Both said that the area needed to build on the extraordinary successof the last decade to become ‘a location of choice’ for businesses.
The event was attended by many of the city’s leading property agents including Ask Developments, Argent, Peel Holdings, Lamert Smith Hampton and DTZ.
Mr Hough said: "East Manchester has made great progress in the last 10 years, it’s an extraordinary story." He said regeneration had been led through investment in sport, with the bids for the Olympics and then hosting the Commonwealth Games.
Although the Olympic bids failed, Mr Hough said: "We won by a mile in terms of planning opportunities to deliver change."
He said New East Manchester was not just concerned about physical regeneration but also creating a better place for people to live and work.
Achievements so far included SportCity, Central Park, the new transport interchange, building five new schools and 4,000 new homes, cutting unemployment and trebling the number of children passing five GCSEs. Eddie Smith, the acting chief executive of NEM, said more than £600m of public money had underpinned ‘some quite stunning achievements’.
Referring to the government’s controversial U-turn on the supercasino, which robbed east Manchester of millions of pounds of investment and at least 2,000 jobs, he said: "We don’t believe in looking backwards. In the next 10 weeks we have some exciting proposals coming through for SportCity."
He said the Metrolink expansion to Ashton under Lyne unlocked great opportunities for east Manchester.
"We will have eight stops and we want to create eight places – place-making developments which create the feel you get around London Underground stations."
Mr Smith conceded that the credit crunch may affect the plan to build 15,000 new homes by 2018, but said the startegy to focus on creating family homes had been vindicated by the problems facing the residential apartment market.
Colin Sinclair, chief executive of Manchester’s inward investment agency, MIDAS, discussed the advantages of being based within the Manchester city region, focussing on the benefits of east Manchester including its connectivity and low cost base.
Source: Manchester Evening News