THE city council in Manchester has secured over £50 million of Government funding to unlock key housing land in its Northern Gateway.
The £51.6 million from the Housing Infrastructure Fund is expected to unlock sufficient land for more than 5,500 new homes over the next 10 years.
“Confirmation that we have been successful in our bid for Housing Infrastructure Funding is incredibly welcome,” said Councillor Suzanne Richards, executive member for housing and regeneration. “This will mean we can overcome a number of major infrastructure hurdles that currently limit the development opportunities in the Northern Gateway area, and will unlock land for new housing, including a significant number of affordable homes.
“The Gateway project is beginning to build a real head of steam and it’s exciting to see the building blocks of this ambitious project come together. In the meantime, we will continue to work closely with residents to ensure they are central to the conversation as we begin to move towards the delivery of new homes for Manchester.”
The city council led the bid process with the support of the Greater Manchester Combined Authority (GMCA), which focused on 20 hectares of brownfield land that will support the initial phases of the Northern Gateway project.
That includes the joint venture between the city council and the Far East Consortium (FEC).
According to the council , the funding will help address a series of “core infrastructure constraints” and support the delivery of new homes, including “affordable” housing, along with investment in walking and cycling routes, and new road access to improve connectivity across the Gateway area.
The investment will also help develop an initial phase of the planned City River Park incorporating St Catherine’s Wood as part of a network of public open space. This is to include improvements along the River Irk and works to improve flood resilience.
At 155 hectares, the Northern Gateway is said to have the potential to deliver 15,000 new homes in the next 15 to 20 years. The council claims this will include at least 3,000 so-called affordable homes.
The project will connect seven new and emerging neighbourhoods through high quality green spaces and public squares, bringing life to the currently underused Irk River Valley.
“Many people have worked incredibly hard on this bid to Government and this announcement is the perfect catalyst to unlock momentum and become the basis for further strategic investment,” said Tom Fenton, FEC’s project director. “We are really pleased that the Government have shown confidence in our collective ability to deliver and it’s a real vote of confidence for the project and we can’t wait to get started.”