Greater Manchester Secures £500 Million (USD 672 million) Funding for Housing and Regeneration Projects
UK: Greater Manchester Combined Authority (GMCA) has secured a £500 million funding commitment through an agreement with the National Housing Bank to support housing development and regeneration projects across the region. The National Housing Bank, a public financial institution established under Homes England, is the first institution of its kind in England. The agreement is expected to unlock additional investment for projects alongside the Greater Manchester Good Growth Fund, which was launched a year earlier. Projects seeking financial support must align with the bank's investment objectives and undergo due diligence, governance assessments and formal approval procedures. According to Simon Century, Chief Executive of the National Housing Bank, the partnership combines national and local expertise with targeted financing and regionally driven development ambitions to accelerate housing delivery and regeneration across Greater Manchester.
Source: Greater Manchester Combined Authority (GMCA)
