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Cash injection to speed up massive regeneration scheme

Cash injection to speed up massive regeneration scheme

A huge regeneration project in Salford, Greater Manchester, has been given a boost with new funding from the Homes and Communities Agency (HCA).

It is providing £34.7 million to kick-start the second phase of the redevelopment of Middlewood Locks, a 24.5-acre brownfield site named after the remaining stretch of the Manchester, Bolton and Bury canal that runs through it. 

The money will enable FairBriar international, a joint venture including Leeds-based property firm Scarborough International, to press ahead with the second phase of the development. This will involve the building of 546 one, two and three-bedroom properties in four blocks spread over two sites.

Of the money awarded, £25.5 million will enable this construction work to get going, while £9.2 million will pay for enabling works and the construction of supporting infrastructure.  

Scarborough's joint chief executive Simon Marshall said: "We are very appreciative of the HCA's support, which will enable us to accelerate the delivery of much needed homes for local people.” 

HCA chief executive Nick Walkley remarked: "As the wider site is set to deliver more than 2,200 homes, a key part of the funding was to support the infrastructure works as this will enable the future residential phases to be brought forward faster."  

As well as providing more than 2,000 new homes, the site will eventually have 900,000 sq ft of commercial space, a hotel, plus leisure facilities, bars and restaurants.  

Middlewood Locks is the largest of a number of brownfield sites in central Salford that are contributing towards the revival of the area and capitalising on the proximity of Manchester city centre just across the Irwell. It is a short walk from Salford Central railway station and the Spinningfields business district. 

A number of other new apartment developments have been amassed in the area, particularly along the banks of the Irwell.

Image: iStock

 

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