Stockport has risen 23 places in this year’s Sustainable Growth Index, compiled by business advisory firm Grant Thornton, placing the borough in the top 30% of UK local authorities.
While the league table’s top places were dominated by areas in the South of England, Stockport was one of only four authorities in the North West to score above the national average, alongside Cheshire East, Cheshire West and Chester, and Trafford. Cambridge, Westminster and Camden were the authorities at the top of the Sustainable Growth Index.
Stockport Council and Transport for Greater Manchester are set to request between £500m and £1bn from the Government to deliver an extension of the Metrolink line from East Didsbury to the town centre.
Stockport Council and TfGM will now work up a business case for the Metrolink extension, which is set to cost between £500m and £1bn, and will also request Government grant the necessary transport planning powers at the same time as the funding. If funding is granted, a start on site could begin by 2025.
The council is arguing that the creation of the Stockport Mayoral Development Corporation, which is overseeing a 130-acre masterplan set to deliver 3,500 homes, and up to 1m sq ft of offices in the town, already brings together key stakeholders in the creation of the Metrolink, so could fast-track the implementation of the transport project.
Capital & Centric is understood to have exchanged contracts to buy Weir Mill in Stockport from Maryland Securities, and is planning a residential conversion.https://www.placenorthwest.co.uk/news/capital-centric-set-to-buy-prominent-stockport-mill/
Global chemicals firm BASF has leased 21,500 sq ft across two floors at Muse Developments’ 2 Stockport Exchange for its UK headquarters, relocating from current premises in Cheadle. https://www.placenorthwest.co.uk/news/muse-lets-office-at-stockport-exchange/
The 61,500 sq ft building has six floors and is due for completion next month by main contractor GMI Construction Group. The scheme is part of Muse and Stockport Council’s £145m Stockport Exchange redevelopment, which started last November and will comprise 375,000 sq ft of office space and 28,000 sq ft of retail and commercial space once complete.