The long-term plan aims to increase prosperity in a variety of neighbourhoods within the city-region.
In the Local Industrial Strategy, Greater Manchester’s leadership and the Government has set out an integrated place-based approach with a goal of bringing forward strategic regeneration schemes in town centres and key sites. Additionally, the plan looks to incorporate investment in housing, transport, land remediation, and other infrastructure with a goal to create more sustainable employment locations.
Town centres across Greater Manchester are strong hubs for housing, employment, and transport. The city-region is home to numerous neighbourhoods that have room for further development and investment, such as the creative area around the Quays, the research hub along the Oxford Road Corridor, and industrial hubs in Bolton, Rochdale, Wigan, and Trafford Park.
Bolton’s strategic regeneration scheme
Bolton is an important part of the Greater Manchester economy, boasting an output worth £4.6bn. As one of the largest towns in Europe, Bolton offers a range of regeneration opportunities and a growing population. With a £1bn regeneration scheme in the works, Bolton is expected to be transformed with thousands of new homes and job opportunities.
The scheme for Bolton will be an important part of regeneration in Greater Manchester. The Local Industrial Strategy aims to cultivate prosperous towns and communities across the city-region. Eight of the main town centres in Greater Manchester will be supported to put a stronger focus on local economic activity.
Greater Manchester’s infrastructure
The city-region is setting goals to upgrade, integrate, and future-proof its infrastructure. One of the important areas being focused on is further improving access to national and global markets. The development of Port Salford will link Greater Manchester to new international trading routes. Improvements to rail and road networks will create quicker connections to the rest of the nation.
As the global gateway to the north of England, Manchester Airport serves over 200 destinations. Direct flights to and from Asia and the Far East have already boosted interest in Manchester’s property market by overseas investors. Additional connections to the rest of the world is likely to increase global interest in Greater Manchester and its property market, in addition to making it easier for tourists, investors, and students to reach the city.
Greater Manchester’s Local Industrial Strategy involves ambitious plans to deliver a future-proof economy with a range of prosperous communities, sustainable long-term investment, and upgraded infrastructure. The plan is likely to create further demand for housing in Manchester and make it an even more liveable city.
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