Stockport Mayoral Development (MDC) in the United Kingdom has chosen the English Cities Fund (ECF) as its preferred long-term joint venture partner to invest more than £250 million ($311.28 million) in the development of a site situated in Stockport’s town centre. This investment aims to completely transform the current town centre in Greater Manchester, turning it into a technologically advanced and environmentally friendly place.
Upon completion, the eight-acre site will be known as Stockport 8. It will showcase various features. These include over 1,200 new residences, retail, leisure, and office spaces. The development process will also align with Stockport MDC’s Town Centre West master plan. The plan is integral to the town centre’s important £1 billion investment initiative.
The Town Centre West project
The Town Centre West master plan is a comprehensive strategy slated to be executed over the next 15 years. The project is set to shape Stockport into a vibrant and sustainable community, and it envisions:
- The construction of up to 4,000 new homes.
- Addition of 1 million square feet of employment space.
- Significant improvements to public transportation.
- Creation of new green spaces.
- Provision of additional local amenities.
Stockport 8: A digitally-driven and green locality in Greater Manchester
Robert Kerslake, Chair of Stockport MDC, expressed his enthusiasm. He stated: “It is a testament to the immense potential in Stockport that, within just one year of commencing our search for a new development partner for Stockport 8, we have established a long-term joint venture with ECF.”
Kerslake further emphasised that ECF demonstrated a shared long-term vision for the site and Stockport. The partnership aligns with Stockport MDC’s Strategic Business Plan. Thus, it ensures a forward-thinking approach that prioritises community, sustainability, innovation, and, most importantly, the needs of the residents.
The English Cities Fund (ECF) is a strategic joint venture between Muse, Legal & General, and Homes England, the housing and regeneration agency of the UK government. Through this collaboration, ECF will play a critical role in successfully developing Stockport 8. As a result, it will help in realising Stockport MDC’s vision for the town centre.
By investing in the future of Stockport, this joint venture aims to create a modern and dynamic urban environment that embraces technological advancements while incorporating sustainable practices. The revitalisation of Stockport’s town centre will improve residents’ quality of life, attract businesses, and stimulate economic growth.