The University of Manchester has unveiled a bold ambition to create a world leading Innovation District in the heart of Manchester. Plans to develop a new neighbourhood on the university’s 10.6 hectare North Campus site which would bring huge economic benefits to the city, including the creation of around 6,000 jobs.
The site is in a prime location, adjacent to Piccadilly Rail Station and is part of the Oxford Road Corridor.
In their search for a development partner, the university’s £1.5bn vision for ‘ID Manchester’ was presented at MIPIM 2019 to over 150 property professionals from all over the world.
Professor Dame Nancy Rothwell, President and Vice-Chancellor of The University of Manchester and Chair of the Oxford Road Corridor Partnership, said: “… I truly believe we can make ID Manchester the innovation capital of Europe, providing the perfect conditions for organisations of all sizes and from different sectors, to share knowledge and work together turning incredible ideas into reality.”
Joanne Roney, Chief Executive, Manchester City Council said: “The University and the city have long been closely aligned. We have grown up together and share a spirit of innovation, revolution and entrepreneurship. ID Manchester will build upon this proud shared history.”
An OJEU notice is due to be released this summer, signalling the start of the competitive process, with a view to appointing a development partner by mid-2020.