Greater Manchester Mayor Andy Burnham has announced a landmark £1bn Good Growth Fund, designed to kick-start a pipeline of transformational projects across the city-region.
The first phase will see £400m invested in schemes to deliver nearly 3,000 new homes, over 22,000 jobs, and two million sq ft of employment space.
Key projects include town-centre regeneration in Oldham and Wigan, the Victoria North ‘New Town’ housing development, and cutting-edge labs and offices in Manchester’s innovation districts.
According to the mayor, Greater Manchester’s is ready to ‘pioneer a new model for economic growth’, unlocking investment to ‘build new homes, create good jobs, deliver infrastructure’.
‘We’ve never believed in a busted "trickle-down" theory that puts the pursuit of pure economic growth above the basic needs of our communities,’ Burnham added.
‘And growth in Greater Manchester has never been an end in itself – it's a means of improving lives by creating new opportunities and broadening access to them.’
