A ground-breaking ceremony has been held to mark the regeneration of Greengate in Salford.
The project will transform the derelict brownfield site into a new commercial and residential development for the city, bringing between £400 million and £450 million of private investment and 4,500 new jobs.
The project is being delivered by Salford City Council and is the result of a partnership between Central Salford Urban Regeneration Company, Northwest Development Agency (NWDA) and European Regional Development Fund (ERDF). It has been designed by Leeds based architects Whitelaw Turkington and the internationally renowned engineers, Arup.
The construction work will be carried out by Carillion, who will have the first phase, including a public space, a footbridge linking the development to Manchester, water fountains and architectural sculptures, completed by April 2012.
Speaking at the launch, John Merry CBE, leader of Salford City Council, said: “The redevelopment of this site will really unlock its potential. Over the past ten years Salford has been transformed as a result of significant investment.
“Even though we are now facing tough economic times, it is essential we continue to harness the momentum that has built up in Salford to ensure the city and the people living here, continue to thrive. This development will bring more investment and further boost the local economy.
“The Greengate redevelopment has been the culmination of years of work with Central Salford Urban Regeneration Company and the project funders at the Home and Community Agency, NWDA and the European Regional Development Fund. I would like to thank them all for their help and support with this project, which further enhances Salford’s position as an international business destination.”
Felicity Goodey, Chairman of the Central Salford Urban Regeneration Company, said: “To be in a position to announce that construction is starting on site at Greengate is a great achievement for the URC and Salford City Council. This project is critical to the regeneration not only of the Chapel Street area of Salford but to the medieval quarter of Manchester. The partnership has worked tirelessly towards over the last four years to unlock this development, which will begin the transformation of one of the most important parts of the regional centre. This is another major legacy of Central Salford URC. It will create a new and exciting destination for both Cities.”
Mark Hughes, chief executive of NWDA, managing the ERDF programme, concluded: “Today marks the start of another significant development for Salford, which compliments the redevelopment work taking place in nearby Chapel Street and MediaCityUK. The public investment in Greengate is a huge opportunity to attract high-level private sector investment in a tough economic climate. It is particularly welcome to see such positive changes, which will secure new jobs and economic growth in Salford.”