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The University of Manchester Board of Governors approved a proposal to find a partner company to expand its North Campus in Manchester city centre and turn it into a world-class innovation district over the next 20 years.
This progression is made imaginable through the planned relocation of the university’s engineering schools to the new multi-million euro Manchester Engineering Campus Development (MECD) adjacent to the university’s main Oxford Road campus in 2021.
In collaboration with its partner, the University hopes that the mixed-use site will attract studios, expansion, cultural and technology companies, while also welcoming new residential spaces. The domain and buildings to be developed are located around Sackville Street and adjacent to Piccadilly Rail. The plan is to expand the 29-acre (11. 8-hectare) site into an exciting campus of study and business, where the world’s most valuable concepts will be realized.
The University will retain significant strategic and decision-making influence within the association. It will retain the southern end of where it carries out vital survey activities, adding the newly built Graphene Engineering Innovation Centre and the Manchester Institute of Biotechnology, and will continue to have full ownership of the entire Array
Aimed at occupiers of the generation and science sector, the site will focus on specialties that combine the studies and commercial strengths of the university and urban region with national economic priorities. These will come with complex materials, implemented fitness innovation, synthetic intelligence, virtual generation, and commercial biogeneration.
The progression is expected to generate up to £2 billion in growth* over the next 20 years or more for the local economy and is expected to create up to 6,000 jobs. It will also ensure the long-term monetary strength of the University by offering a continuous stream of long-term profits for investments in the University’s training and study activities.
The plans are in their early stages and the next step will be a rigorous search for a partner. The university has discussed its plans with Manchester City Council and the Greater Manchester Combined Authority. Work on the site is expected to begin after the University relocates existing facilities and amenities to its new MECD buildings in 2021.
North Campus represents an exclusive opportunity to create an exciting innovation district within a UK city center location. You will partner with one of the UK’s most research-intensive universities, with maximum connectivity and a professional local workforce. It will provide employment opportunities for graduates and internships for students; and progression will take advantage of exceptional maritime links as well as domestic and foreign markets.
Professor Dame Nancy Rothwell, President and Vice-Chancellor of the University of Manchester, said of the expansion: “We will be launching an overseas search in the coming months to find the joint venture partner to work with us to expand this class. “product. site with its iconic buildings and unique footprint in the city center.
“This progression provides the opportunity to reshape this downtown neighborhood, generate thousands of new jobs and the reputation of the University. It will cement the city’s reputation as a leading position for technology, digital, studies and progression companies, where find the most valuable concepts in the world. will come true.
Sir Richard Leese, Chairman of Manchester City Council, said: “The prospects for the North Campus are huge and this is wonderful news for Manchester.
“There are huge opportunities to regenerate this unique component of the city and we welcome the University’s growth, investment and task-creating ambitions for development. “