GMCA Invests £314M in Transport, Boosting Good Growth Fund to £2B
The Greater Manchester Combined Authority has announced a major second wave of Good Growth Fund allocations. The authority has earmarked £485m for wave two projects. Of that, £315m is for transport schemes.
Fund expansion and backing
The Good Growth Fund looks set to double in size to £2bn. That increase follows a £500m commitment from the National Wealth Fund. The government has pledged another £175m.
GMCA invests in transport to unlock homes and jobs across the region. The fund builds on a first wave of £400m allocated last November.
Transport projects receiving support
- Almost £90m will fund a link road for the New Carrington masterplan. The scheme supports 5,000 homes and 3.5 million sq ft of employment space.
- £70m is allocated to the Hulton Park link road. That route could affect Bolton’s chances of hosting the Ryder Cup.
- £60m will fund a new Metrolink stop at Sandhills. This forms part of the Victoria North masterplan.
- £52.1m will unlock infrastructure for the Northern Gateway employment zone across Rochdale and Bury.
- £25.7m will create the Wigan–Hindley link road. The new 4km connection extends the A49 Link Road over the West Coast Main Line. It prepares land for about 2,000 homes.
- Tameside Council receives £17.4m for enabling works. This will unlock the Godley Green Garden Village, planned for 2,150 homes.
Housing, regeneration and innovation investments
Around £170m of the fund will back six non-transport projects. These target housing, leisure and innovation.
- £70m is earmarked for Oldham’s SportsTown initiative.
- £35m will support 248 homes in the Prestwich Village regeneration.
- £26m will fund 423 social rent, extra-care, and affordable homes in Wythenshawe.
- £24m will help deliver 249 homes in Stretford town centre.
- £15m will establish the Sustainable Materials and Manufacturing Centre in Atom Valley. This is the fund’s first investment in an innovation asset.
Leadership reactions
Oliver Holbourn, chief executive of the National Wealth Fund, said the investment will support skilled jobs and long-term growth. He described the move as a sign of confidence in Greater Manchester’s innovation potential. He also praised the partnership with the combined authority.
Mayor Andy Burnham said the strategy aims to spread benefits across Greater Manchester. He highlighted the near doubling of the Good Growth Fund through partnerships with the National Wealth Fund and government. He added the funding will help deliver more homes, jobs, and opportunities.
Filmogaz.com will continue to follow the rollout of these wave two allocations and their local impacts.
