- Over the past decade, Greater Manchester has become the UK's fastest growing city region, with annual growth and productivity outpacing the national average.
- Now it’s ready to deliver a new model of economic growth, where every part of the city region is growing and no one and no place is left behind.
- A new £1bn ‘GM Good Growth Fund’ will pump prime a pipeline of projects, driving growth in every district and delivering regeneration at a pace and on a scale not seen before this century.
- The first £400m investment will deliver nearly 3,000 new homes, more than 22,000 new jobs and 2 million square feet of new employment space.
- Our ‘Good Growth’ approach includes helping people overcome barriers to employment and giving everyone a clear line of sight to local high-quality jobs.
- By helping maintain its current growth levels of 3.1 per cent, Greater Manchester could add a further £38bn to the UK economy by 2035.
- GM leaders have identified priority growth-driving plans for each district, many of which are set to receive funding from the ‘GM Good Growth Fund’
GREATER Manchester is setting out a game-changing plan to pioneer a new model of economic growth which lifts all our people and places, bringing growth to every district.
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.
Our trailblazing devolution deals and unique partnership approach have fuelled annual growth of 3.1 per cent – more than double the rate of the country as a whole. A recent report from Oxford Economics praised Greater Manchester’s growth journey, calling us a “trailblazer for local devolution.”
Analysis shows that, if we can lock in the same kind of growth for the next decade, the Greater Manchester economy will be more than a third bigger than it is today – giving a further £38bn boost to the national finances.
But this growth will only be a success if it’s felt in every part of our city region, guaranteeing that everyone has the foundations of a good life so they can thrive.
Now we have a plan to deliver a new decade of good growth – through a UK-first Integrated Pipeline of high-impact housing, employment, and regeneration projects and a £1 billion GM Good Growth Fund to pump-prime building at a pace and scale not seen before this century.