Place North West | Ground broken on £120m Stockport Interchange placenorthwest.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from placenorthwest.co.uk Daily Mail and Mail on Sunday newspapers.
Neil Tague
The joint venture between Cityheart and Rise Homes is in line for a £21.5m cash injection through the Housing Investment Loans Fund to kickstart the 196-apartment project.
This is the second time the development venture has gone to the Greater Manchester Combined Authority for funding, having sought a £9.3m equity investment for the Stockport project in June.
Approved in 2019, with Cityheart and Rise appointed in March 2020, the development is a private rented sector tower that forms part of the mixed-use Stockport Interchange scheme.
The wider Stockport Interchange project features a renewed bus station and a two-acre public park.
Neil Tague
Councillors will this week be asked to approve the second full-year strategy for the town’s Mayoral Development Corporation, which has committed to delivering 1,000 town centre homes by 2023.
Stockport Council’s economy & regeneration scrutiny committee will meet on Thursday, with one of the key items being the MDC’s business plan, which requires sign-off by both the local authority and the Greater Manchester Combined Authority.
Lord Kerslake, chairman of the body, said in his foreword of the draft report that the MDC “continues to provide a blueprint for how town centres, with the right vision, partnership commitment and political leadership, can be transformed to the benefit of their communities and the wider economy”.
Place North West | Stockport MDC s business plan nears sign-off placenorthwest.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from placenorthwest.co.uk Daily Mail and Mail on Sunday newspapers.