New East Manchester forecasts successful 2010 - MIDAS

New East Manchester forecasts successful 2010

This year, New East Manchester (NEM) celebrates a decade of regeneration. As the urban regeneration company reaches this important milestone, NEM’s Chief Executive, Eddie Smith is optimistic about the future, with the area currently benefiting from hundreds of millions of pounds of investment with even more promised this year.

This year will see further investment across east Manchester including major schemes at Sportcity and Central Park. Other flagship projects due to start on site include a £24 million indoor BMX arena next to the Velodrome at Sportcity, a £20 million bakery for Fine Lady Bakeries in Newton Heath, £4.4 million public realm works in New Islington and a £10 million community hub in Miles Platting that will contain a library, health services, shops and a housing office.

Predicting an even more successful year than the last, Eddie Smith, chief executive of urban regeneration company New East Manchester said: “Despite some of the most challenging economic conditions, New East Manchester has continued to maintain the momentum that it has built up over the last ten years in bringing investment and new job opportunities to east Manchester.”

“As we reach this ten year milestone we have the opportunity to reflect and look ahead to the future. We are on a 30-year journey and we have made great strides in the first ten years. This year is set to be our most exciting yet, with major announcements about significant investment opportunities at Sportcity and Central Park likely. There are still challenges ahead, but with a strong commitment to delivering sustainable neighbourhoods and creating jobs through a close working relationship with our public and private partner organisations, we are confident we’ll have another successful year.”

In 2009 several major multi-million pound projects got off the ground including the £31.5 million East Manchester Academy incorporating a district library, two new Metrolink lines bringing in excess of £200 million of investment , a Morrison’s store which is part of a £40 million district centre for Openshaw that will eventually create 750 new jobs, a £6.2 million first phase of the £17 million Sharp Project, which will create up to 565 jobs and a £63 million head quarters for Greater Manchester Police at Central Park in Newton Heath that will be home to 1400 employees. Work has also been completed on a £16 million Greggs bakery, securing 220 jobs and 500 new homes have been built in the area.

Source: New East Manchester

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