Greater Manchester Leaders have approved the first £400 million tranche of investment for new homes, jobs and infrastructure across the city region after the Government backed its Good Growth plan and confirmed new fiscal powers for the region.
The funding, drawn from the newly created Greater Manchester Good Growth Fund, will support 17 priority schemes due to begin in 2026.
The projects span town-centre regeneration, major residential construction and commercial development, with almost 3,000 new homes, more than 22,000 jobs and two million sq ft of employment space expected to be delivered.
The announcement follows Government endorsement of Greater Manchester’s proposed new model for economic growth and confirmation in the Budget that the region can proceed with its visitor levy, giving local leaders greater control over investment in public services.
GROWTH SUPPORT
The projects include major regeneration in Ashton-under-Lyne, Oldham, Wigan and Stockport, alongside large-scale schemes in Prestwich and Salford Crescent.
Significant investment in Manchester will support life sciences and tech growth, including £22.1 million for new lab space on Upper Brook Street and £20 million to expand the Sister global innovation hub.
A further £44 million will refurbish the former Kendals department store into Grade A offices, and £34.1 million will accelerate the Victoria North development, one of the UK’s largest regeneration projects.
HOUSING STARTS
Stockport, one of the region’s fastest-growing housing markets, will receive more than £56 million across two schemes to unlock over 1,500 homes, while Oldham will receive £35.1 million for new housing around Mumps station.
In Salford, £23.4 million will help deliver more than 330 homes at Adelphi Village, most for social or affordable rent.
Andy Burnham, Mayor of Greater Manchester, said the investment “marks a major moment in our devolution journey”, adding that the next decade would see “good growth reach every corner of Greater Manchester”.
The next wave of Integrated Pipeline funding is due to be announced in March 2026.
