The UK government will not fund any sporting elements of the proposed redevelopment of Old Trafford, Manchester United's stadium, but will work with local leaders on the wider regeneration project. This includes plans for new housing, jobs, and transport infrastructure around the stadium. The government has not yet committed any funding to the project, but Business Secretary Jonathan Reynolds has expressed support for the 'exciting project' and its potential to drive economic growth.
The government will not fund any of the 'sporting elements' in the redevelopment of Old Trafford , a senior minister has said.
Trafford council bosses backed the ‘once in a generation opportunity’ £4.2bn redevelopment plans this week. But the plans for a stadium revamp or a potential new 100,000-seater - alongside 5,000 new homes and 48,000 new jobs - are still in their early stages. “We are not funding any of the sporting elements of that, but of course the wider area, transport, housing, we want to work with local areas to deliver that with our trailblazing mayors like Andy, and this is, again, an example of the kind of big ambition this Government is willing to show to deliver on that plan for change.”
Also appearing on the programme, Andy Burnham said that a redeveloped Old Trafford will be “the global capital of football” for the 21st century. The Greater Manchester mayor said the project will benefit other parts of the North West as well as the city-region itself.
Business Politics OLD TRAFFORD MANCHESTER UNITED REGENERATION FOOTBALL GOVERNMENT FUNDING
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