GMCA to progress creation of three more Mayoral Development Corporations
Bolton town centre, Ashton and Stalybridge, and Oldham are in line to get vehicles aimed at turbocharging regeneration projects.
The Greater Manchester Combined Authority will meet next week to approve in principal the establishment of a trio of Mayoral Development Corporations.
The MDC model, which provides long-term strategic vision and a broad range of tools to unlock complex projects, has been successful in Stockport and is also planned to drive forward the regeneration of Old Trafford, Northern Gateway, Wigan, and Middleton.
Bolton MDC
In Bolton, the MDC would drive forward the town’s renaissance with a particular focus on projects like Church Wharf and the redevelopment of Crompton Place, which MEPC has recently been appointed to deliver.
Ashton and Stalybridge MDC
Focused on the rail corridor that runs between the two Tameside towns, an MDC for Ashton and Stalybridge could help to deliver 3,000 mixed-tenure homes as well as commercial space.
Oldham MDC
In Oldham, the MDC would focus on the delivery of housing across its brownfield town centre sites and the £70m SportsTown initiative.
With Oldham Athletic’s Boundary Park at its centre, the SportsTown project would “transform Oldham into a multi-sport centre of excellence that integrates education, sport, health, wellness and community regeneration”, according to a GMCA report.
All three locations suffer from market failure and viability issues that the MDC model will seek to navigate and overcome in line with the GMCA’s Good Growth strategy, which aims to improve economic and social outputs in the North of the conurbation.
Good to see local authorities are working to safeguard their futures by looking to set up MDC’s, you cant’t rely on the GM Mayor to fulfil his duties with his recent/current focus on his attempts to get out of his current commitments and stand as an MP. He need to focus on the role we voted for him to carryout and stop seeking office (MP) that he previously held and walked away from. Stop the politics Andy..
By Russell P
I agree with Russell P. I’m incredibly disappointed with Andy Burnham and his actions of the last 48 hours. I thought he was a different type of politician who had rejected the Westminster bubble and abandoned personal ambition to get things done for the people who elected him. Like most politicians he seems more interested in himself and playing political party games. My message to Andy is stop playing politics with people’s lives and get on with the job you were elected to do.
By Anonymous
Can somebody please tell me how MDCs are the silver bullet to overcome massive viability challenges in some parts of GM?
By Anonymous