£31.5m Investment Secured for Oldham's Prince's Gate as Part of Greater Manchester's £1bn Good Growth Fund
Oldham has landed £31.5 million from the first wave of Greater Manchester's £1 billion Good Growth pot, money that will turn the Prince's Gate car park beside Mumps tram stop into 331 homes, 75 of them let at social rent.
The council closed the car park last week so engineers can move in, and the finished scheme is expected to anchor a wider plan for 2,000 town-centre homes over the next decade.
Council leader Arooj Shah said the cash shows the city-region 'backing our future' after years of stalled schemes. She stressed the mix of market and social housing is meant to stop young families drifting out of the borough.
Prince's Gate is one slice of a £400 million first-round spend that aims to unlock 3,000 homes and 22,000 jobs across Greater Manchester. Oldham's slice is the single biggest cheque the borough has drawn for housing in a generation.
The project sits alongside two other long-touted plans: the proposed Sports Town Mayoral Development Corporation at the former Boundary Park site and the Northern Roots urban farm. Together they frame the council's bet that new residents will breathe life into shops left empty since the pandemic.
At a Glance
| Homes coming to Prince's Gate | 331 (75 social, 256 market) |
|---|---|
| Site now closed | Prince's Gate car park, beside Oldham Mumps tram stop |
| Construction window | Enabling works begun; main build starts later this year |
| Oldham's wider housing target | 2,000 town-centre homes within ten years |
| GM-wide first-round pot | £400 million unlocking 3,000 homes and 22,000 jobs |
| Oldham's share of first-round pot | £31.5 million-the largest single slice for housing |
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