Manchester City Council and its development partner Far East Consortium are to seal a £51.6m funding agreement to progress the regeneration project “in the next few weeks”, but there will be no extension of the March 2024 deadline to spend the money despite Covid-19.
Contractor Vinci will begin work on site next month on New Victoria, the £185m scheme being delivered by Muse Developments in partnership with Network Rail and Manchester City Council, following the agreement of funding and contractor deals.
The Greater Manchester Mayor welcomed a Government pledge to fund the upgrade and electrification of the TransPennine main line between Manchester, Leeds and Huddersfield in Yorkshire, but said it would not solve all of the North’s transport woes.
At Place North West’s latest event, key figures from local and regional government, and other experts, discussed what the concept means in 2020 and whether the Prime Minister's 'levelling up' agenda can be achieved to drive the region's growth post-Covid-19.
Christian Anderton, former asset manager at Aviva Investors who oversaw the £400m financing deal for Allied London’s Enterprise City scheme in Manchester, has set up an investment advisory practice called Haida.