On the same day that funding was confirmed for a Metrolink extension into Stockport, national and local leaders gathered in Parliament to highlight the success of the town's Mayoral Development Corporation (MDC) in advancing the transformation of the town centre. In a bold bid to double housing … [Read more...]
News for: Northern Powerhouse
Greater Manchester launches interactive development map to showcase growth plans
Greater Manchester has launched an interactive map as well as a new Development Forum as the city-region moves ahead with plans for a 10-year pipeline of projects to drive growth. Earlier this year, Greater Manchester leaders set out a 10-year plan for growth which will target investment at six … [Read more...]
Work progresses on next phase of Transpennine Route Upgrade
Work is set to begin on the next phase of the Transpennine Route Upgrade, which is set to prove travel times, capacity and reliability on the key intercity rail route from Greater Manchester to Leeds and York. Network Rail is warning passengers that services running between Huddersfield and Leeds … [Read more...]
Northern Mayors launch The Great North partnership
Northern England's seven Combined Authority Mayors, including Greater Manchester's Andy Burnham, have launched a new partnership, The Great North, to drive investment and prosperity across the region. Mayors launched the new body in Leeds to bring Mayors and local leaders together to unlock the … [Read more...]
Greater Manchester and Liverpool mayors set out plans for new rail link
The Mayors of Greater Manchester and the Liverpool City Region, Andy Burnham and Steve Rotheram, have set out their plans for a new intercity rail link that could kickstart a £90 billion economic boost for the North. Backed by former Rail Minister Huw Merriman and civic and business leaders from … [Read more...]
Consortium backs Northern businesses with over £1.7 million in NPIF II Smaller Loans
GC Business Finance and River Capital have supported Northern businesses with over £1.7 million in smaller loans funding in the first year of the Northern Powerhouse Investment Fund II (NPIF II). Since the launch of the fund in April 2024, the consortium has supported 32 businesses across the … [Read more...]
Government invited to back Northern Arc investment plans
Mayor of Greater Manchester, Andy Burnham, has called on government to back local leaders' plans for a new Northern Arc of investment in cities in the North. Mr Burnham will meet with Treasury ministers on 29th April to set out the Northern Arc vision to rebalance historic underinvestment in the … [Read more...]
Northern businesses secure £80 million in NPIF II funding in first year since launch
In its first year since launching, the Northern Powerhouse Investment Fund II (NPIF II) has successfully completed over 200 investments into small businesses across the North of England. Operated by the British Business Bank, NPIF II is a £660 million fund that provides loans and equity finance … [Read more...]
City-region poised to take greater control over finances
Greater Manchester is set to become the first UK city-region, alongside the West Midlands, to be allocated an integrated settlement from Government that will give the city-region greater powers over its finances and local spending. The settlement is part of Greater Manchester's trailblazer … [Read more...]
Greater Manchester sets out ambitions for new MDCs following Stockport successes
Greater Manchester is looking to establish two additional Mayoral Development Corporations (MDCs) to support major regeneration projects in the city-region. Plans have been set out for a new Northern Gateway MDC to bring forward development of 1.2 million square metres of employment space and … [Read more...]
Greater Manchester leaders pitch for investment at international property conference
Greater Manchester leaders have used their platform at international property conference, MIPIM, to pitch the city-region's growth plans and attract investment. City-region leaders met global investors at the annual MIPIM conference in Cannes, France, to make the case for how investment in new … [Read more...]
Liverpool to Manchester rail investment could help Northern cities rival Oxford-Cambridge growth potential, argue North-west Mayors
Mayor of Greater Manchester Andy Burnham and Mayor of Liverpool City Region Steve Rotheram have set out how regional rail investment could accelerate economic growth across a 'Northern Arc' of cities that could rival the potential of Oxford and Cambridge. Speaking at a roundtable event at the … [Read more...]
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