Greater Manchester is proposing the creation of three new Mayoral Development Corporations (MDCs) to kickstart town centre regeneration across the city-region, building on success already achieved in Stockport.
Bolton, Oldham, and Ashton and Stalybridge are in line for new MDCs that will spearhead new development, regenerate town centres, and deliver state-of-the-art sporting facilities and transport links.
MDCs are innovative tools that Greater Manchester can use to bring together local partners and drive forward our ambitions to build new homes, including affordable homes, bring jobs and investment, and support good economic growth.
Greater Manchester’s first MDC in Stockport, launched in 2019, is delivering 2,700 new homes, £600 million in private investment, and new employment space in the town’s business district. It has also seen the development of Stockport Interchange and the transformation of the historic Weir Mill into a new neighbourhood, and has expanded its original remit to cover the entire town centre.
Alongside Stockport, Greater Manchester has established MDCs to spearhead regeneration at Old Trafford and Middleton.
Mayor of Greater Manchester Andy Burnham said:
“Over the past decade, Greater Manchester has been the fastest growing economy in the UK – but we know that growth has not been felt equally in all parts of our city region.
“Our number one priority is to deliver a new decade of good growth that lifts all of our places, and the proud communities that call them home.
“That’s why we’re backing Bolton, Oldham, and Tameside with plans for new Mayoral Development Corporations – so they can remove barriers to development and bring forward new homes, jobs, and community assets for generations to come.”
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