US EditionMayor Andy Burnham to Give Prestwich £6.8m for Regeneration
The fund aims to create over 22,000 jobs and nearly 3,000 homes by unlocking £1.3bn in private investment across more than 30 projects, addressing local inequalities.
- On Thursday, Andy Burnham launched a �1bn Greater Manchester Good Growth Fund to fund 30 regeneration schemes across the region, speaking in Stockport.
- The fund is designed to kickstart projects private investors are not backing and to spread growth across all boroughs in Greater Manchester.
- Funding will combine 300m from the Greater Manchester Pension Fund and GMCA borrowing up to 150m, with the first 400m expected to unlock 1.3bn and deliver nearly 3,000 homes and over 22,000 jobs.
- Each borough has been asked to pick three priority projects, with half set for funding approval next week as 13 of the first 31 projects face some council leader contention.
- Burnham urged Chancellor Rachel Reeves to use her Budget next week to approve Northern Powerhouse Rail and an alternative to the cancelled HS2 northern leg, while the fund uses a first-of-its-kind integrated settlement modelled on GMHILF.
11 Articles
11 Articles
Burnham says government ignoring northern rail plans is 'insulting'
The Government’s lack of commitment to new rail infrastructure is “negligent” and “insulting” to the people of the North of England, Andy Burnham has said. The Mayor of Greater Manchester called on Rachel Reeves to use her Budget next week to give the green light to both Northern Powerhouse Rail (NPR) and an alternative to the cancelled northern leg of HS2. “Ten years ago a previous government promised us new north-south and east-west rail line,…
Mayor of Greater Manchester sets out £1bn plan to deliver thousands of homes
Mayor of Greater Manchester, Andy Burnham, has set out a £1bn plan to deliver thousands of homes across the region. The £1bn Good Growth Fund will support over 30 projects. The first £400m investment is set to deliver nearly 3,000 new homes, more than 22,000 jobs, and 2 million square feet of employment space. This initial funding is expected to unlock a further £1.3bn in private capital. Burnham said: “Greater Manchester is the UK’s economic …
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
