Manchester City Council will set out its plans for the future of the city centre today when a report by regeneration consultancy Ekosgen is published.
Manchester: A Growing Success Story lays the foundations for a huge transformation project which aims to produce a projected £5.5 billion increase in the city’s contribution to the national economy.
The project will see over £1 billion of investment pumped into Manchester between now and 2017, in order to future proof the city’s transport infrastructure and deliver a raft of major regeneration schemes.
These include the completion of the 20 acre NOMA development, the First Street scheme, the regeneration of St Peter’s Square and the Civic Quarter and the expansion of the Spinningfields business district.
Also under the Grow umbrella are the redevelopment of Victoria Station, Metrolink’s Second City Crossing, The Northern Hub and the Cross City Bus Corridor.
Sir Richard Leese, leader of Manchester City Council, believes that Grow will lead to further investment along with more jobs and opportunities.
“But to enable and encourage this growth we need the right infrastructure,” he said. “Whether that’s world-class transport links, attractive public spaces or the right office, hotel and commercial accommodation.
“If you look around the city centre now you’ll see a huge amount of work already underway, with more to come over the next three years.”
He continued to explain that, while the project may cause inconvenience in the short term, the ongoing benefits far outweigh any short term frustrations.
Councillor Andrew Fender, chair of the TfGM Committee added; “This is a hugely exciting time for Manchester and the wider city region – we are laying ambitious foundations for a prosperous future.”
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