{"id":22427,"date":"2025-11-25T12:26:56","date_gmt":"2025-11-25T12:26:56","guid":{"rendered":"https:\/\/satellite.mmu.ac.uk\/northernquota-old\/?p=22427"},"modified":"2025-11-25T19:57:58","modified_gmt":"2025-11-25T19:57:58","slug":"andy-burnham-reveals-new-1bn-growth-fund-for-greater-manchester","status":"publish","type":"post","link":"https:\/\/satellite.mmu.ac.uk\/northernquota-old\/andy-burnham-reveals-new-1bn-growth-fund-for-greater-manchester\/","title":{"rendered":"Andy Burnham unveils new\u00a0\u00a31bn\u00a0growth fund for Greater Manchester"},"content":{"rendered":"\n

A new economic fund that will create 3,000 homes, 22,000 jobs and two million square feet of employment space across Greater Manchester was announced by Mayor Andy Burnham on Thursday.<\/p>\n\n\n\n

The GM Good Growth Fund<\/a> aims to pump \u00a31bn and bring more equal growth across the region\u2019s 10 boroughs after a decade of rapid development in Manchester\u2019s city region.<\/p>\n\n\n\n

The first wave of \u00a3400m funding will try to re-stimulate Greater Manchester\u2019s town centres with new neighbourhood developments like Wigan\u2019s Cotton Works and Oldham\u2019s Prince\u2019s Gate.<\/p>\n\n\n\n

More homes and jobs<\/h2>\n\n\n\n

The initial phase also hopes to tackle lack of housing with new homes through investments in Salford\u2019s Adelphi Village and Victoria North, one of the Labour government\u2019s first New Towns.<\/p>\n\n\n\n

Roughly 12,000 construction jobs are expected to be created by the project, with another 10,000 to follow in what the Greater Manchester Combined Authority (GMCA) has dubbed its \u201cIntegrated Pipeline scheme.<\/p>\n\n\n\n

\"Manchester's
Manchester’s city region has seen rapid development in recent years<\/figcaption><\/figure>\n\n\n\n

‘A new model for growth’<\/h2>\n\n\n\n

Mr Burnham said: \u201cGreater Manchester is the UK\u2019s economic success story of the past decade.\u201d<\/p>\n\n\n\n

He spoke of how devolution had \u201ctransformed\u201d Manchester\u2019s city region in ways not thought possible 30 years ago, but said the test of good growth is “whether every person and every place feels the benefits”. <\/p>\n\n\n\n

\u201cAnd it\u2019s why Greater Manchester is ready to pioneer a new model for economic growth \u2013 unlocking investment to build new homes, create good jobs, deliver infrastructure, and providing the everyday support that will enable everyone to live a good life.\u201d<\/p>\n\n\n\n

GMCA said an additional \u00a338bn could be added to the UK economy by 3035 if Greater Manchester’s current growth levels of 3.1 per cent are maintained.

The first wave of project funding is expected to be approved during the next GMCA meeting on Friday. The second wave of funding is due to be unveiled in March.<\/p>\n","protected":false},"excerpt":{"rendered":"

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