Stockport Mayoral Development Corporation has appointed the English Cities Fund as a partner in the redevelopment of Stockport 8, a mixed-use neighbourhood in Stockport city centre.
Stockport 8, which will offer more than 1,200 new homes, is one of the largest development sites within the 130-acre Town Centre West regeneration masterplan, for which Stockport MDC is the delivery vehicle. As part of the new ECF/Stockport partnership, both sides will invest £125m into the mixed-use scheme.
The ECF is a strategic joint venture set up in 2001 between regeneration specialist Muse, Legal & General and the government’s housing and regeneration agency, Homes England.
Sir Michael Lyons, chair of ECF, said: “We understand what can be achieved with strong local leadership, effective collaboration between public and private sectors and patient investment. Our shared emphasis on quality homes, public realm, and commitment to creating an inviting place bodes well.”
Lord Kerslake, chair of Stockport MDC, said industry interest in the project was “overwhelming”, but ultimately “ECF demonstrated a shared long-term vision for the site, and for Stockport. This vision was one that clearly reflects the ambitions laid out in our strategic business plan, including a way forward that delivers against our guiding principles of community, sustainability and innovation, and, most importantly, one that best serves the needs of local people.
“Added to this, ECF’s shared ethos for public and private sector collaboration, and it was clear that ECF was the right partner for this next phase in Stockport’s transformation.”
Planning for Stockport 8 will be submitted in summer 2024 with a target completion of the first phase by summer 2027.
