The Old Trafford regeneration is being framed as a growth engine for Greater Manchester. Early estimates suggest that tens of thousands of jobs will be created across construction, hospitality, retail, media and professional services, with the Mayoral Development Area designation used to coordinate land assembly and investment.
Several mechanisms are central to the economic strategy, such as targeted public funding, new commercial floorspace, and wider economic impact.
Up to £200m is reportedly being sought to fund infrastructural changes such as roads, transport and utilities, while the stadium itself is expected to be privately financed.
The wider economic impact of Old Trafford’s regeneration estimates potential UK-wide gains of around £7bn annually, once the stadium and district are fully established.
Old Trafford’s plans are tied into Trafford Council’s longer‑term Civic Quarter Area Action Plan, which sets out a 15‑year blueprint for a greener, denser, more liveable Old Trafford.
This plan envisages up to 4,000 new homes, extensive public realm upgrades and new community infrastructure in a 135‑acre zone that already includes landmarks such as Trafford Town Hall, Lancashire Cricket Club and UA92.
Within and around the stadium district, this is expected to translate into thousands of new homes, improved streets and active travel routes connecting residents to the stadium, and a more balanced local economy where matchday activity is complemented by everyday uses such as education, small businesses and leisure spaces.
One example of an upcoming property development in the area, Horizon Manchester, will bring 303 new homes to Old Trafford, with opportunities for units to be let out on a short-term basis, boosting tourism to the area.