The Northwest Regional Development Agency (NWDA) has announced plans to invest £4.8M in a regeneration project linking Salford’s riverside to the Manchester Cathedral area.
The scheme will see 13 hectares of brownfield land in Greengate transformed into shops, offices, 1,100 houses and a hotel.
It will be led by the Central Salford Urban Regeneration Company in conjunction with the Homes and Communities Agency, Salford City Council, Network Rail and Ask Developments.
NWDA chief executive Steven Broomhead said: “I am delighted we can announce investment for Greengate which presents an opportunity of enormous significance and benefit to Salford and Greater Manchester.
“This will contribute towards new job creation and economic growth, while enhancing the image and perception of Salford, the regional centre and the North West region by visitors and potential private investors.”
The grant will be used to buy land and start demolition work.