GM Good Growth Fund grows to nearly £3bn with latest £500m investment
Summary
Greater Manchester’s Good Growth Fund has expanded to £2.75bn following a £500m investment from the National Housing Bank, part of Homes England. The fund is being used to support regeneration, housing and infrastructure schemes across the region, with recent allocations including build-to-rent, industrial and mixed-use projects.
Why it matters
The announcement signals continued public-sector backing for large-scale development in Greater Manchester, which may influence project viability, delivery pipelines and local market activity. The new social contract attached to funding also highlights growing expectations around employment, environmental standards and community benefit on publicly supported schemes.
Key points
- The Good Growth Fund has risen to £2.75bn after a £500m National Housing Bank investment.
- Funding is being deployed as loans, grants and equity to support regeneration and development across Greater Manchester.
- Around £1bn has been allocated to 44 projects since November 2025, with capacity for 5,600 homes and 2.3m sq ft of employment space.
- Recent approved schemes include two BTR developments in Manchester and Trafford Wharfside, plus an industrial scheme in Bolton.
- Recipients must now meet a social contract covering apprenticeships, local recruitment, supply chains, environmental standards and community engagement.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
