Regeneration across Manchester is set to increase, as the local government announces huge investment, with a growth plan worth £10 billion.
A new growth plan recently announced by the UK government highlights Manchester’s strength as a city, with new regeneration projects expected to add £10billion to the local economy. The scheme is designed to reveal Manchester’s ‘untapped potential’ and will bring 90,000 new jobs to the city. Multiple areas across the city are set to receive investment, with the regeneration developing the city centre and several boroughs.
Greater Manchester Mayor Andy Burnham said: “Right now, the message coming from across the North is loud and clear: back us to deliver economic growth and unleash the potential of our places. Our future will be built from the bottom up, not the top down. In Greater Manchester we’re using our devolved powers to unlock transformative regeneration projects across our city-region. We’ve had a decade of growth above the UK average, and with the right support we can go even further.”
Cllr Bev Craig, added: “Greater Manchester’s growth has outpaced the rest of the country over the past decade. But the next 10 years could yet be the most exciting in our history. Our success has been built on collaboration, innovation, and strong partnerships that get everyone pulling in the same direction. Now, we’re putting in place all of the pieces that will help deliver transformative economic growth for the next generation.
