At the heart of the scheme is a proposed underground through-station as part of Northern Powerhouse Rail (NPR). Moving rail infrastructure of that scale below ground would free up large areas of land around the transport hub for redevelopment, opening the door to one of the UK\u2019s largest city-centre regeneration projects.<\/p>\n
It is estimated that it could deliver up to 40,000 new jobs, around 13,000 homes and almost one million square metres of commercial space.<\/p>\n
The regeneration programme will encompass around 150 hectares around the station, stretching north and south of the main hub and extending east through Mayfield, the Manchester Digital Campus, Ardwick and East Village Central.<\/p>\n
Manchester already ranks among the UK\u2019s fastest-growing urban economies. It generates more than \u00a328bn in gross value added (GVA) annually and has recorded average economic growth of around 3.4% a year since 2000 \u2014 roughly double the national rate.<\/p>\n
In addition, it has the largest professional and business services sector outside London, Europe\u2019s biggest fintech cluster valued at around \u00a35bn a year, and growing strengths in artificial intelligence, data science, health innovation and advanced materials. The city is also home to around 80 FTSE 100 firms and more than 50 international banks.<\/p>\n
The scale of the new proposals would attract even more investment to the area, and has drawn comparisons with major rail-led regeneration projects such as King\u2019s Cross in London, Antwerpen Centraal in Belgium and Hudson Yards in New York.<\/p>\n
It will form part of Northern Powerhouse Rail, which is designed to strengthen connections between key northern cities, including Liverpool, Bradford, Leeds, Sheffield, York and Hull, while also improving links to the North East and North Wales. Construction work is expected to begin in the 2030s, although it is unlikely to be completed until the 2040s.<\/p>\n
The scheme is intended to integrate labour markets across the North, cut journey times and increase passenger and freight capacity.<\/p>\n
The underground through-station is described as the key enabler of those regeneration plans. Moving rail infrastructure below ground would release valuable land around the hub for development while also ensuring long-term rail capacity to support future economic growth.<\/p>\n
According to Rail Technology Magazine, the proposals are to divide the surrounding area into several connected districts.<\/p>\n
Piccadilly Central will be transformed into a major commercial district directly north of the station, while the Sister district will focus on employment spaces, innovation and life sciences.<\/p>\n
Mayfield\u2019s regeneration will be centred around a new public park and commercial development, while the Manchester Digital Campus will provide sustainable office space targeted at digital and technology firms.<\/p>\n
To the east, Ardwick has been identified as an area for major residential growth, which will help support the expansion of the city centre, alongside new neighbourhoods planned for Piccadilly Basin, East Village Central and Portugal Street East. The Oxford Road station area will also create development opportunities linked to Manchester\u2019s university and research corridor.<\/p>\n","protected":false},"excerpt":{"rendered":"
A regeneration plan involving moving major rail infrastructure at Manchester Piccadilly underground could unlock thousands of homes, major commercial development and tens of thousands of jobs in what is being hailed as a \u201conce-in-a-generation\u201d growth opportunity for the city. At the heart of the scheme is a proposed underground through-station as part of Northern Powerhouse… Read more »<\/a><\/p>\n","protected":false},"author":4233,"featured_media":6107359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[59,349,765,18,42],"tags":[324],"class_list":["post-6107357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending-news","category-manchester","category-property-investment","category-property-investment-guides","category-regeneration","tag-manchester-city-centre"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6107357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/4233"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=6107357"}],"version-history":[{"count":5,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6107357\/revisions"}],"predecessor-version":[{"id":6107363,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/6107357\/revisions\/6107363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/6107359"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=6107357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=6107357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=6107357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}