The partnership, Manchester Place, will create a pipeline of development-ready sites to help the city meet its target of creating 55,000 new homes by 2027 as set out in the Manchester Residential Growth Prospectus. It will work with investors, developers and others who want to support high quality housing across the city to ensure there are sufficient opportunities.
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Forecasts suggest that the city has the potential to generate an extra 50,000 jobs by 2023, and that by 2030 the population will exceed 600,000. Ensuring the right number of homes in high quality neighbourhoods is a key challenge.
Deborah McLaughlin, NW Executive Director of the Homes and Communities Agency, said: "Manchester Place captures the strong working relationship that has developed between the City Council and the Homes and Communities Agency, and is a great demonstration of how we can jointly use pioneering investment models to stimulate growth. By working closely in collaboration, we are ensuring that we support local strategic priorities – Manchester’s population is growing enormously quickly, and this partnership will accelerate the supply of much-needed housing in the city."
(CD/MH)
