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Media & Events > Industry News > ‘Shovel ready’ Greater Manchester building projects boosted by £54m of Government funding5 August 2020
Categories: Latest News
Advanced Manufacturing, Creative, Digital & Technology, Financial, Professional & Business Services, Life Science & Healthcare
Mayfield, Manchester: £23m
Manchester Innovation Activities Hub, Manchester: £4m
Completion of Kingsway Business Park Northern Loop Road (Michael Faraday Avenue), Rochdale: £3.5m
South Heywood Link Road Phase 1, Rochdale: £10m
Port Salford early infrastructure works, Salford: £6m
Conversion of iconic empty high street retail unit into new workspace, Stockport: £3.5m
Stockport Exchange Phase 4 and Clean Energy Infrastructure: £6.6m
"As we get Britain building we are also laying the foundations for a green economic recovery by investing in vital infrastructure for local communities, creating jobs and building environmentally-friendly homes with a huge £1.3 billion investment announced today.
“This government is determined to level up all parts of the country and this funding will not only give a much needed boost to our economic recovery, it will help build the good quality, affordable homes the country needs."
"This funding from Government is a step in the right direction for our plans in Greater Manchester to bring new jobs and homes into our city and town centres.
“It will help to provide the necessary remediation of brownfield and derelict land and buildings, providing new infrastructure and regenerating historic and important sites.
“The announcement to support our ‘shovel ready’ projects demonstrates the Government’s confidence in our ability to deliver and it will support both our economic recovery from COVID-19 and our existing plans for homes, jobs and the environment.
“The new developments will also improve the productivity of our people and businesses through investment in training, research and development and digital connectivity.”
"The truly transformative potential of the Mayfield project should not be underestimated, and this funding will not just unlock the opportunity to bring forward the new city park, but in reality paves the way for the entire Mayfield project to be delivered over the next decade - which is without doubt one of the best connected sites in the region, directly adjacent to Piccadilly train station.
“To provide a new green space in the city centre at the scale proposed is a once in a generation opportunity to bring life back to an underused part of the city centre, and create a real destination of choice. In fact, it wouldn't be a stretch to consider the Mayfield site as a 25 acre green space that will envelop the significant buildings planned for the site - rather than the traditional idea of green space sitting adjacent to the new development. This is the sort of ambition we should be pitching for when we consider how we can use urban space differently in the future and how our communities can benefit from new green spaces.
“This investment is particularly welcome at a time when Manchester is focused on economic recovery following the pandemic. The Mayfield project illustrates a city determined to continue to grow and be successful for our residents, along with significant employment opportunities.”
"This is a welcome endorsement from national Government which speaks of their obvious confidence in Rochdale’s growth plan, as well as our borough’s proven track record in successfully delivering major regeneration projects.
“This substantial funding award will help us progress two major projects, which between them will create almost 3,500 jobs and more than 1,000 new homes. They will also bring vital new infrastructure into our borough and create a significant ongoing boost to our local economy, which will benefit our residents and businesses for many years to come.”
"I am delighted that the ‘Get Building Fund’ has been able to support with two of our ‘shovel ready’ projects in Stockport which we have continued to progress as part of the regeneration of the Town Centre and wider Borough to help the post COVID-19 recovery.
“Stok will provide up to 64,000 square foot of new workspace in the heart of the town, repurposing the former Marks and Spencer building which has been vacant since 2018 and working with well-known North West developer, Glenbrook, will bring further life and jobs back into Merseyway.
“Stockport Exchange Phase 4 will deliver a new sustainable, Grade A office of up to 70,000 square foot and ancillary space which builds on the success of the previous three phases which includes 110,000 square foot of office space, the Holiday Inn Express and 1,000 multi-storey car park, along with transformational public realm. This fantastic news follows on from the recent successful letting to BASF who are currently fitting out their new UK HQ.”
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