Manchester United’s vision for the regeneration of Trafford Park represents a transformative opportunity for the UK economy.
According to a recent study conducted by Oxford Economics, the initiative could inject up to £7.3 billion into the economy.
Unveiled during the Labour Party conference in Liverpool, this ambitious plan centers around the construction of a new, state-of-the-art 100,000-capacity stadium.
Commissioned by the club to assess the project’s economic viability, Oxford Economics found that it could generate 92,000 new jobs, provide over 17,000 new homes, and attract an additional 1.8 million visitors each year.
The initiative is led by billionaire Jim Ratcliffe, who acquired a minority stake in Manchester United in February and aims to create a “Wembley of the North” on the existing Old Trafford site.
While initial discussions hinted at the possibility of government support, Greater Manchester Mayor Andy Burnham has indicated that public funding might not be utilized.
Nevertheless, this scheme could also catalyze growth across the North West, including benefits to the Liverpool City Region, especially with plans for a major rail interchange near St Helens.
He suggested that relocating freight operations behind the current Old Trafford would support this strategic initiative.
Article updated 2 months ago. Content is written and modified by multiple authors.
