Middlewood Locks scheme gets £30m loan boost
29.06.2022 - 17:27
/ manchestereveningnews.co.uk
The transformation of Middlewood Locks in Salford has been boosted by a £30 million loan. The cash injection is coming from Homes England, the Government's housing and regeneration agency.
The agreement with Middlewood Locks KLM - a partnership between Scarborough Group International and its joint-venture partners Metro Holdings and Hualing Group - will see 189 new homes built as the third phase of the 25-acre brownfield site.
Middlewood Locks is being created over a number of phases. Once complete, it will deliver more than 2,000 homes, 900,000 sq ft of commercial space, including a hotel and leisure amenities set in a canal-side environment with 4.5 acres of public realm and event space.
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The site is near to Salford Central station and a short walk from Manchester’s Spinningfields business district. The site also incorporates the waterside setting of the restored Manchester, Bolton and Bury canal.
Housing Minister Stuart Andrew said the project was a "key part of the Government's levelling up mission. Planning consent was granted last year for the Railings at Middlewood Locks following the successful completion and sell-out of 1,117 apartments in phases one and two.
The new neighbourhood already has more than 1,300 people living and working at Middlewood Locks with a recent report highlighting a £260 million contribution to the Greater Manchester economy so far.
Peter Denton, chief executive at Homes England, said: “With the first two phases of Middlewood Locks now complete, we’re already seeing the transformational impact that this scheme is having on the local area.
"This latest funding will