University of Manchester plans £1.5bn innovation hub
The University of Manchester is looking for partners to fund a £1.5bn innovation district that it hopes will make it the 'innovation capital of Europe'.
The university has increased the available development space for “ID Manchester” to 370,000 sq m since the idea was presented at the Mipim international property exhibition in March.
The site will include the 60,000 sq m grade II-listed Sackville Street Building and will be adjacent to Piccadilly station.
Dame Nancy Rothwell, the university’s president, said: ”ID Manchester will create a world-class innovation district situated in the heart of Manchester and alongside the university, where we will nurture the next generation of game-changing businesses and bring huge economic benefits to our city region and beyond.”
Diana Hampson, the director of estates, said: “ID Manchester will be a unique neighbourhood. Our vision draws on Manchester’s eco-system of ideas, discovery, research and development, and ID Manchester will provide the canvas on which all those strands can come together to take urban regeneration to a whole new level.
“ID Manchester will be where our most valuable discoveries today, are tried, tested and developed into the technology, buildings and commerce of tomorrow.”
Images: Renders of ID Manchester (University of Manchester)