Spinningfields investment to create 9,000 jobs
Since the announcement that Manchester council are planning to invest ┬ú15million into the recession-hit Spinningfields office development, the council have claimed that the move could bring 9,000 jobs to the region.
The plan involves the council acquiring the two remaining office development sites at Spinningfields – based on Hardman Square and Hardman Boulevard – which will then be leased back to the developers on a leasehold basis.
The move is expected to come under some criticism since the recent announcement that up to 300 Manchester council jobs a year could be cut as part of a programme to save ┬ú37million by 2013.
However, according to Council leader Sir Richard Leese, the scheme would support long-term growth in the city and enable the Spinningfields project to progress further.
“What we are interested in is supporting the long-term growth of the city,” said Sir Leese, according to TheBusinessDesk. “It’s about investment, not speculation.”
He added: “We need to make sure that developments like Spinningfields keep going so we have opportunities for local companies to grow and companies to come from outside. The future of Manchester depends on increasing the number of jobs here and getting Manchester people into those jobs.”
Search for offices in the Spinningfields area of Manchester here.