Manchester prepares for a decade of accelerated growth as the Mayor pledges one of the largest investment packages in the region’s history.
Greater Manchester Mayor Andy Burnham has announced a landmark £1 billion Good Growth Fund, a bold commitment designed to unlock new homes, accelerate regeneration, strengthen local economies, and support long-term inclusive growth across all ten boroughs of the region.
For property investors, this pledge signals a powerful new phase for Manchester — one that strengthens fundamentals, boosts demand, and positions the city as the UK’s leading destination for buy-to-let and off-plan investment.
A Direct Mayoral Pledge to Drive Regeneration and Housing Delivery
Andy Burnham’s Good Growth Fund is built around a clear vision:
to create good jobs, deliver new homes, revitalise key neighbourhoods, and support sustainable business growth across Greater Manchester.
The first wave of the fund — £400 million — will deliver:
- Nearly 3,000 new homes
- More than 22,000 new jobs
- Around 2 million sq ft of employment and commercial space
- Infrastructure and public-realm improvements across GM boroughs
This publicly funded programme is also expected to unlock around £1.3 billion in private investment, multiplying its impact and accelerating regeneration in high-growth areas.
Burnham described the fund as a way to “set Greater Manchester up for the next decade,” ensuring that growth benefits every person and every place across the region — not just the city centre.
Manchester’s Share: A Major Boost to Housing, Jobs and Skills
Manchester City Council has confirmed that the city will benefit substantially from the Good Growth Fund, supporting a wide range of initiatives that align with its long-term growth strategy.
1. Housing Delivery and Regeneration
Manchester’s target is to deliver:
- 36,000 homes by 2032, including
- 10,000 genuinely affordable and social homes
Burnham’s fund is directly supporting this goal — including major contributions to flagship projects like Victoria North, one of the UK’s largest regeneration schemes, which will ultimately deliver more than 15,000 homes across seven new and revitalised neighbourhoods.
2. Increased Employment and Economic Activity
Manchester is currently experiencing its strongest labour-market performance in years:
- Employment rate: 70.5%, up 5.1% in just 12 months
- Economic inactivity: 22.9%, the lowest ever recorded
- 8,800 additional residents are now economically active
- Business growth: 30.6% increase since 2015
- 880 new businesses created in the past year alone
These improvements underpin strong rental demand, particularly from young professionals and graduates entering the workforce.
3. Commercial and Workspace Transformation
The Good Growth Fund will also help deliver:
- Modern office and workspace
- Employment zones
- Skills, training and innovation hubs
- Repurposing of major central Manchester sites
This strengthens the city’s position as a national centre for tech, digital, media, professional services, life sciences and advanced manufacturing.
Why Andy Burnham’s Pledge Matters to Property Investors
The Good Growth Fund represents one of the clearest signals yet of Greater Manchester’s long-term trajectory. For buy-to-let and off-plan property investors, the benefits are tangible:
1. Regeneration drives capital appreciation
Areas receiving public investment consistently outperform in price growth, rental demand and desirability.
2. Employment growth fuels tenant demand
With 22,000 new jobs being created, and economic inactivity at an all-time low, Manchester’s rental market continues to attract a deep and reliable tenant base.
3. Off-plan buyers gain early-stage value
Andy Burnham’s pledge accelerates delivery of new homes — but current supply is still far below demand.
Buying off-plan now offers the advantage of lower entry prices ahead of regeneration-driven uplift.
4. Manchester consistently outperforms the UK market
High yields, strong rental growth, and exceptional demand make Manchester one of the UK’s most secure long-term buy-to-let markets.
How NPP Residential Connects Investors to This Growth
NPP Residential sits at the heart of Manchester’s property ecosystem. As a full-service agency specialising in off-plan investment, lettings and management, we help investors:
- Access prime regeneration developments aligned with Andy Burnham’s growth strategy
- Enter the market at below-market pricing through selected off-plan schemes
- Benefit from high rental yields and consistent tenant demand
- Build hands-off portfolios through our fully managed lettings service
- Invest confidently with a partner rooted in Greater Manchester since 2011
We work directly with developers, manage properties for landlords across the city, and provide a seamless, end-to-end investment journey.
Final Word: A Pivotal Moment for Manchester — and an Opportunity for Investors
Andy Burnham’s £1bn Good Growth Fund is more than a policy announcement — it is a defining commitment to Manchester’s next era of growth.
With new homes, infrastructure, business space and employment opportunities being delivered at unprecedented scale, the city is positioned for long-term economic strength and sustained housing demand.
For investors, this represents a rare opportunity to secure high-performing assets ahead of a decade of transformation.
To explore the strongest buy-to-let and off-plan opportunities aligned with the Good Growth Fund, speak to NPP Residential today.
