U+I has announced that Mayfield in Manchester has secured €25.5m (£23m) in grant funding from the Government's €997.5m (£900m) Getting Building Fund. This is a major milestone for this €1.6bn (£1.5bn) Gross Development Value scheme, as the funding primes the first phase of Mayfield for delivery, ensuring work can start on Manchester city's first public park in over one hundred years in the final quarter of 2020. Other parts of Phase 1 include a nine-storey 75,900ft² office building, a 13-storey 244,000ft² office building and a 581-space multi-storey car park in the heart of Manchester. These will also start construction this year, with the first buildings completed in 2022. The scheme is being brought forward by the Mayfield Partnership, a public-private venture comprising U+I, Manchester City Council, Transport for Greater Manchester (TfGM) and LCR.
Richard Upton, Chief Development Officer at U+I said: "This €25.5m (£23m) Government funding recognises the potential of the Mayfield scheme, which is a shovel-ready "levelling up" project that can help stimulate the North West's recovery from Covid-19. As well as creating one of the largest city-centre regeneration sites in the UK, our scheme will turn unused, unproductive land into a new vibrant neighbourhood, creating 13,000 new jobs, 1,500 new homes and a wide range of community and leisure uses. The funding will enable the crucial first phase of development, creating critical, accessible and quality public space in the heart of Manchester. The first infrastructure phases of the scheme will be delivered in early 2022."
