Greater Manchester mayor Andy Burnham has unveiled a £1bn regeneration push that will see 30 major projects developed across the region.

A new £1bn GM Good Growth Fund will target a pipeline of projects, driving growth in every district and delivering regeneration at pace and scale.

The first £400m investment, to be confirmed next week, will deliver nearly 3,000 new homes, more than 22,000 new jobs and two million square feet of new employment space. 

That initial investment is set to unlock a further £1.3bn in private capital, helping get new development off the ground across Greater Manchester.

The Greater Manchester Combined Authority says over the past decade, the city region has become the fastest growing part of the UK economy, driven by a high-performing centre “unrecognisable” from even 15 years ago – adding that devolution deals and a unique partnership approach have fuelled annual growth of 3.1%, more than double the rate of the country as a whole.

Through an Integrated Pipeline of high-impact housing, employment and regeneration projects and a £1bn GM Good Growth Fund development will be felt across the region.

Alongside this, the plan will build momentum through the Mayoral Development Corporations, replicating the success seen in Stockport and driving the Old Trafford Regeneration scheme – the UK’s biggest sports-led regeneration project since London 2012. 

Mayor of Greater Manchester, Andy Burnham, said: “Greater Manchester is ready to pioneer a new model for economic growth – unlocking investment to build new homes, create good jobs, deliver infrastructure, and providing the everyday support that will enable everyone to live a good life.

“Good growth is the defining challenge of our age – and today we are setting out a serious, practical plan to achieve it.”

The city region's leaders are expected to approve this first wave of funding allocations at next Friday’s meeting of Greater Manchester Combined Authority (GMCA). The second wave of project funding will be announced in March.   

The £1bn Good Growth Fund brings together different pots of funding, including an initial £300m invested by the Greater Manchester Pension Fund (GMPF).  

A new strategic partnership between GMCA and GMPF – the first of its kind in the country – will prioritise local investment and align the GMPF’s investment to the Integrated Pipeline.

The plans include: 

Oldham: £31.5m due to be committed this month to build 331 new homes next to Oldham Mumps station. This Prince’s Gate scheme is part of a bigger plan to build 2,000 new homes across Oldham town centre.In
Integrated pipeline: Sports Town Mayoral Development Corporation in partnership with Oldham Athletic AFC. A centre of excellence for sport, health, education and community facilities.
Creating the UKs biggest urban farm and eco-park at Northern Roots across 160 acres of green space outside the town centre.  

Trafford: £26m due to be committed in November 2025 to unlock 382 new homes as part of the Trafford Wharf development – the first major investment in the Old Trafford Regeneration area.  
March 2026: Redeveloping the old Stretford Mall into 427 new homes, of which 178 will be affordable, next to the newly reopened high street and town square in Stretford town centre.  
Integrated pipeline: Driving forward the Old Trafford Regeneration project – creating a new leisure and business destination and 15,000 new homes around a new 100,000-seat football stadium.   

Bury: £6.8m due to be committed in November 2025: Revitalising Prestwich village centre: redeveloping the Longfield Centre site by demolishing unused buildings, creating a new Market Hall and retail spaces, supporting the development of a new multistorey travel hub.
March 2026: Working towards delivery of 235 new homes at Prestwich Village.
Integrated pipeline: Unlocking the Northern Gateway employment site – one of the three key sites within Atom Valley – by supporting development of plans for a new road link. 
Developing Bury Interchange into an integrated transport hub joining up bus, tram and active travel, with the ambition for it to be the first operationally carbon-neutral transport interchange in Greater Manchester. 

Bolton: £17.1m due to be committed November 2025 (Wingates): Creating a Mayoral Development Corporation to drive forward growth in Bolton Town centre creating new jobs, new homes and supporting the ambitions for the NorthFold Growth Location work between Wigan and Bolton – including a new 800,000 sq. ft logistics hub at Wingates with potential to create 6,900 jobs.
Integrated pipeline: Supporting work to progress the demolition of Crompton Place Shopping Centre and replacing it with new housing, office space and a hotel in the town centre as part of plans to regenerate the town centre.
Driving forward plans for the Lee Hall development, which will deliver 450 new homes, 157 of which will be affordable housing, linked to wider plans to develop Hulton Park.  

Manchester: Due to be committed in November 2025 - £20m to expand our global innovation hub, Sister, by investing in the redevelopment of former University of Manchester buildings to create new office and lab space for advanced manufacturing and materials, life sciences, low carbon and green technology and the digital and technology sectors.
£44m to refurbish the old Kendals department store on Deansgate for new office space in the city centre.   
£34.1m to progress delivery of Victoria North, which will see up to 15,000 new homes built between Victoria Train Station and Queen’s Park in Collyhurst as part of a development shortlisted for the Government’s New Towns programme. 
March 2026: Supporting plans for the regeneration of Wythenshawe town centre including plans for 423 new homes for social rent of which 109 will be ‘extra care’ flats for supported living.  

Rochdale: March 2026: Supporting the council’s plans for more than 200 new homes next to Rochdale railway station as part of the Station Gardens project within the wider Rochdale Rail Corridor vision.  
Integrated pipeline: Working with the Rochdale Development Agency and The University of Manchester to realise the potential of the Sustainable Materials and Manufacturing Centre – a key catalyst in the wider Atom Valley vision for an advanced materials and manufacturing supercluster. 
Developing our plans to expand Metrolink to connect Oldham, Rochdale, Middleton, Heywood, and Bury through tram-train services, enhancing transport connectivity within Atom Valley.  

Tameside: £7.6m due to be committed in November 2025: Exploring plans for redevelopment in Ashton town centre to deliver new affordable homes, employment space, and breathe new life into Market Square and the outdoor markets.
Integrated pipeline: Working with Tameside Council and development partners to bring forward plans for up to 2,150 new homes at Godley Green – including more than 300 affordable homes. 
Tameside Council to map out a vision for the future of Ashton and Stalybridge town centres, and the corridor linking the two.  

Salford: £23.4m due to be committed in November 2025: Giving funding to the redevelopment scheme at Adelphi Village, delivering homes of different types and tenures – including 301 homes for social and affordable rent and 42 new townhouses. The scheme is already set to deliver 336 new apartments across two new buildings.  
Integrated pipeline: Using Industrial Strategy Zone funding to support the Salford Crescent redevelopment masterplan – a £2.5bn regeneration partnership between Salford City Council, the University of Salford and the English Cities Fund – including new multi-modal transport links through the Bee Network. 
Supporting the development of a new Acoustic Innovation Institute as part of the Salford Crescent innovation district – a new state-of-the-art hub for world-leading research, teaching and business development.  

Stockport: Due to be committed in November 2025: £41.3m to provide funding to unlock the Stockport 8 development – a new walkable and sustainable neighbourhood in the town centre with 1,300 energy-efficient homes, delivering 435 new homes in the first phase, including 82 for affordable rent. 
£15m to support the development of 245 new homes on a derelict office block and car park site on Fletcher Street in Stockport town centre. The age-inclusive homes, set within an environmentally sustainable building, will meet the Lifetime Homes standard, ensuring they are accessible, convenient and adaptable for all stages of life. 
Integrated pipeline: Building on the success of the Stockport MDC by expanding it to incorporate the entire town centre, delivering 4,000 new homes – 8,000 in total – a new school and health hub, a riverside park and improved transport links.  

Wigan: Due to be committed in November 2025: £14m Supporting the Cotton Works redevelopment of the Grade II-listed Eckersley Mill complex at Wigan Pier, including the building of almost 180 new homes.   
£9.9m Delivering 93,500 square feet of commercial, office, leisure, and healthcare space through the Cotton Works redevelopment scheme – expected to create around 670 new jobs.   
Integrated pipeline: Backing a new Mayoral Development Zone for Leigh and the surrounding area – bringing together partners to drive forward a vision for redevelopment that would include a new University Campus for Health and Social Care.