£100m for Manchester to save energy and improve public spaces

A £100m loan from the European Investment Bank (EIB) will help cut energy bills and improve community facilities and public spaces across Greater Manchester.

Projects set to benefit from the funding programme include development of the public realm at the £800m NOMA project to enable public access, regeneration of the New Smithfield Market and provision of improved community health, education and public space in Beswick. It could also support two community leisure and library facilities, which are being built at Levenshulme and Hough End.

A number of new investment schemes could be backed by the programme, including development of facilities at the Hub on Manchester Science Park.

Energy saving measures will include replacing existing city street lighting with LED lights and developing a district heating network to serve Manchester Civic Quarter.

The programme represents the first support for urban regeneration investment by the EIB in the UK outside London. Some of the projects to be financed are supported by the North West Evergreen urban development fund that uses European Structural and Investment Funds.


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