New agency established to unlock Manchester's economic potential - MIDAS

New agency established to unlock Manchester's economic potential

6 March, 2008 – New agency established to unlock Manchester's economic potential

A new development agency for Manchester – Manchester City South Partnership – has been set up to drive the knowledge economy and create 34,000 jobs for an area immediately south of the city centre.

The Partnership includes Manchester City Council, the University of Manchester, Manchester Metropolitan University and the Central Manchester and Manchester Children’s University Hospitals NHS Trust and the North West Regional Development Agency.

Investment programmes totalling Ј1.5 billion are currently being undertaken by the universities and the Health Trust. The Partnership has been established to ensure these investments connect and offer maximum benefit for Manchester and the North West region.

The Partnership’s first major task will be to undertake an extensive consultation exercise on the proposed development plans with all stakeholders. This will involve people who live and work in and around the area, university staff and students, hospital staff and patients, the wider business community, the arts and cultural community, retailers and commuters.

Professor Alan Gilbert, Chairman of the Manchester City South Partnership said: "What we are embarking on is one of the most ambitious and exciting development initiatives Manchester – and the region as a whole – has seen in a decade.

"It will encompass the huge university and hospital investment programmes that are already underway, creating iconic institutions that will not only advance education, science and innovation, but also more broadly enrich the culture, create jobs and enhance the economic and social wellbeing of the communities we serve."

Sir Howard Bernstein, Chief Executive of Manchester City Council added: "It is clear that this part of the city has significant economic growth potential and it’s our mission to unlock this.

"Although our core objective is to maximise the area’s contribution to the city and regional economy, the strategic development framework will also address a range of related issues including transport, environment, culture, retail, employment and linkage to surrounding communities, all of which are equally important for the sustainable future of the city.

"This is certainly going to be a challenge but one which we will embrace wholeheartedly with confidence and enthusiasm."

Source: Manchester City Council press release


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