Improving Manchester transport at the heart of Northern Powerhouse Strategy
In the wake of recent plans for Northern Powerhouse locations, it’s clear to see that Manchester still lies at the core of the immense investment strategy. Branded the UK’s second city – Manchester is the largest out of all Northern Powerhouse urban districts and outlined initiatives suggest that this ‘northern soul’ will head up regeneration across northern regions.
It’s been three years since George Osborne shared proposals for the city as part of a comprehensive Northern Powerhouse scheme with an audience in the fitting location of Manchester’s Museum of Science and Industry. In a bid to add emphasis to northern economies in an unbalanced UK, sectors including education, science and technology are all addressed in the Manchester master plan.
However, the colossal transport incentives for Manchester dominate the formal Northern Powerhouse plan. Upgrades to roads, airport expansion and monumental rail advancements are just some of the hot-topics under scrutiny. So much so, that Northern Powerhouse minister Mr. Jake Berry stated at a recent campaign launch that ‘between now and 2021 we are spending £13bn on transport across the north’.
Perhaps one of the most exciting and talked-about projects is the development of a £55.7 billion High-Speed Rail which aims to provide rail links it to Leeds out of Manchester Piccadilly station. The full line will connect London, Birmingham, the Midlands, Liverpool, Manchester, Sheffield and Leeds in a comprehensive network of trains.
Manchester Piccadilly will receive regeneration in the form of a new entrance and underground platforms, taking inspiration from London’s well-formed rail grid and design. The revived station could welcome up to 60 million passengers a year, which is double the current statistic.
Hundreds of planes take to the sky out of Manchester airport every day, the busiest airport outside of London. Set to experience a £1 billion facelift, a ‘Super Terminal’ will be the largest construction project ever in the Greater Manchester region. The detailed design will incorporate duplex shopping zones and departure lounges where artistic influences will be sprinkled around the grounds in the shape of indoor trees, glassworks and geometric shapes.
Manchester’s motorways are also getting plenty of attention as the M60 and M62 are just some featured roads undergoing massive development work. With hopes to cut down traffic congestion and reduce currently lengthy journey times, the busy highways will be transformed into ‘smart’ motorways while also benefitting from the enhanced train services provided. More commuters might opt for more regular and speedier rail services as an alternative method of transport to remove pressure from overloaded roads.
The general optimization of connectivity present throughout the North makes Manchester a much more accessible location for tenants moving from within the UK and overseas. Property investment companies like RWinvest are adding unique Manchester properties to their portfolio in order to unite buy to let investors with premium investment opportunities.
Manchester properties are providing higher yields and increases in value as the laid-out plans hint at a future boost for the area. Working professionals, students, and families are among the target tenants who are predicted to flood to the area amidst the gigantic investments in transport, as Manchester certifies its dominance as a core for connectivity,