Local leaders also backing plans for an MDC to drive regeneration
around Trafford Wharfside and development in Western Gateway.
Greater Manchester is setting out ambitious new plans to drive
growth across Bury and Rochdale with a new Mayoral Development
Corporation (MDC).
The Northern Gateway MDC would be part of Atom Valley – bringing
together world-class research, advanced manufacturing and
materials together in one of the largest opportunities for job
creation in the country.
Atom Valley is a vast cluster across Oldham, Rochdale and Bury
with the potential to create 20,000 jobs, deliver 7,000 new
homes, and boost the local economy by £300m each year.
The Northern Gateway is the biggest site in Atom Valley,
allocated for the development of 1.2 million square metres of
employment space and 2,750 new homes.
MDCs are a unique tool that Greater Manchester can use to bring
together local partners and drive forward our ambitions to build
new homes, bring jobs and investment, and support economic
growth.
They are statutory bodies, set up by the Mayor, designed to speed
up development and attract investment within a specific area.
They can take on broad powers including land acquisition,
planning and infrastructure functions.
This joined-up approach to regeneration means that Greater
Manchester can deliver well-connected developments, with the
right transport links and infrastructure to support thriving
communities – helping us to meet our Housing First mission to
deliver 75,000 new homes in this parliament.
Mayor of Greater Manchester Andy said:
“The Northern Gateway offers an unparalleled opportunity to drive
investment and turbocharge innovation here in Greater Manchester.
“We want to make sure we seize that opportunity and capture the
benefits for communities across Bury, Rochdale, Oldham, and
beyond – and that's what a new Mayoral Development Corporation
can do.
“Stockport has shown that when we bring together partners and put
our devolved powers to work, we can bring new homes, jobs, and
infrastructure to our town centres.
“It's a model that is now set to be expanded across the town –
and one that we believe can also help us deliver the biggest
sports-led regeneration project since London 2012 in Old
Trafford.”
The proposals for the Northern Gateway follow the success of the
MDC in Stockport, which has so far attracted £600 million in
private investment and delivered 1,200 new homes, 170,000 sq ft
of Grade A office space, and a new transport interchange.
Now, plans are being put forward to expand the Stockport MDC
across the east of the town, where there is the potential to
deliver new affordable homes, supporting town centre living
throughout all stages of life.
The Northern Gateway is part of the North East Growth Corridor,
one of Greater Manchester's six key growth locations – nationally
significant sites with the greatest potential to boost the
regional economy and bring benefits across all 10 boroughs.
Greater Manchester Leaders are also backing proposals for an MDC
to deliver new homes, jobs, and growth around the Trafford
Wharfside area, which is part of the Western Gateway growth
location.
The Western Gateway also covers the area around Old Trafford,
which has the potential to deliver biggest sports-led
regeneration project since London 2012, unlocking 48,000 new
jobs,17,000 new homes, and adding a £7.3bn boost to the UK
economy.
Notes to editors
Notes to Editors
For more information on the proposals, which are subject to
consultation, please see the reports on the Greater Manchester
Combined Authority website:
Mayoral Development
Corporation for Northern Gateway – Consultation
Proposed expansion of
Stockport Mayoral Development Corporation (MDC)
