Stockport launches next chunk of £1bn town centre regen
The town’s mayoral development corporation plans to form a joint venture to deliver Stockport 8, an eight-acre site earmarked for a £250m “digitally-capable, walkable neighbourhood” comprising up to 1,200 homes.
Stockport 8, which could also feature retail and leisure uses alongside offices, is located off Daw Bank, west of Stockport Viaduct, and incorporates the Stagecoach depot.
Stockport MDC will launch a procurement exercise for the £250m opportunity this summer.
“This new site offers an exceptional opportunity to be part of one of the leading regeneration projects right now, not only in Greater Manchester but across the UK,” said Andy Burnham, Greater Manchester Mayor.
“Stockport is already one of our best-connected business locations. The MDC is a powerful tool to bring about rapid change, and is set to add £117m to the local economy every year.”
He added: “I have no doubt that Stockport will be recognised for generations to come as a benchmark for what can be achieved through place-focused, locally-led regeneration.”
Stockport 8 is the next phase of the MDC’s £1bn regeneration strategy for the area known as Town Centre West.
As well as Stockport 8, the 130-acre district features the redevelopment of Stockport Interchange and Weir Mill.
In total, the MDC plans to deliver up to 4,000 new homes and 1m sq ft of new employment space over the next 15 years.
To date, Stockport MDC has developed more than £175m of development since 2019, including offices at Stockport Exchange, and the Mailbox, the town’s first build-to-rent scheme.
“The potential in Stockport is unparalleled,” said Lord Bob Kerslake, chair of the Stockport MDC.
“In Stockport Town Centre West we are not just building new homes and creating new jobs, we are enabling sustainable, long-term inclusive growth for the region.”
He added: Our vision and principles, the cross-party political support and knowledgeable and experienced board and partners means we are well-placed to deliver meaningful change that will ensure Stockport prospers for years to come.”
Click any image to launch gallery