An economic report commissioned to explore the benefits of a world-class 100,000-seater stadium as part of a regenerated Trafford Park has found the project could deliver an additional £7.3 billion per year to the UK’s economy.
Oxford Economics, one of the world’s foremost independent global advisory firms, has undertaken a preliminary economic impact assessment of the proposals, with initial estimates suggesting that the project will contribute huge growth to the UK economy, including the creation of 92,000 new jobs, more than 17,000 new homes as well as driving an additional 1.8 million visitors per year.
'Biggest regeneration scheme ever seen' Video
'Biggest regeneration scheme ever seen'
The initial findings are based on a range of potential development opportunities in the Old Trafford area, including a 100,000-seater world-class stadium, plus new mixed-use developments around the stadium and in the adjacent Trafford Wharfside area, which will benefit the local community, attract new residents, increase job provision, and make it a vibrant destination for visitors from Manchester, the UK and all around the world.