Stockport will receive £56.3 million in investment to 'accelerate' regeneration in the town centre.

£41.3m will go towards Stockport 8 - the new neighbourhood in Stockport which will deliver 1,300 energy efficient homes.

A further £15m will help fund 245 homes on the site of a derelict office block and car park on Fletcher Street. The homes will be 'age-inclusive', designed to be accessible for all stages of life.

In all, the funding will help deliver new homes, shops and services across the town centre.

The investment is part of the Greater Manchester Good Growth Fund, which is providing a total of £1bn in investment across Greater Manchester.

The funding was officially announced by Greater Manchester Mayor Andy Burnham during an official event at Stockroom on Thursday 20 November.

The regeneration itself is being managed by Stockport Mayoral Development Corporation, which uses devolved powers to develop new projects around the town centre. Subject to Parliamentary approval, the MDC will soon see its remit triple in size to cover the entire town centre.

Some of the funding will go towards Stockport 8, the new walkable neighbourhood being built in the west of the town centre (Image - Stockport MDC)

Cllr Mark Roberts, leader of Stockport Council, said the funding was 'a huge vote of confidence in Stockport.

"The Good Growth Fund will turbocharge the next phase of regeneration in our town centre, helping us transform underused land into sustainable, thriving neighbourhoods with high-quality homes and places for people to come together.

"Stockport is already one of Greater Manchester's success stories, and this investment ensures we continue to lead the way in regeneration and go even further and faster.

"This boost not only means new homes but new opportunities for everyone across our borough, with new jobs in construction, growth for businesses, better connectivity and ensuring our town centre continues to flourish for everyone."

Greater Manchester Mayor Andy Burnham added: £Greater Manchester is the UK's economic success story of the past decade. Powered by devolution, our journey of growth has transformed our city region and is opening up opportunities that people could not have imagined 30 years ago...

"Greater Manchester is ready to pioneer a new model for economic growth – unlocking investment to build new homes, create good jobs, deliver infrastructure, and providing the everyday support that will enable everyone to live a good life.

"Good growth is the defining challenge of our age – and today we are setting out a serious, practical plan to achieve it."

~

Free from clickbait, Stockport Nub News is a quality online newspaper for our town.

To get our top stories in your inbox each week, subscribe to our free weekly newsletter HERE.

Please consider following Stockport Nub News on Facebook or X