10/03/2026
£1.6M GMCA FUNDING UNLOCKS NEW HOMES AND AFFORDABLE HOUSING
More than £1.6m of brownfield housing funding from the Greater Manchester Combined Authority is helping unlock a new community of homes in Manchester city centre, with social impact developer unveiling fresh images of Ferrous, a 107-home rental scheme set to start on site later this year in Piccadilly East.
The £1,605,000 investment from GMCA will support the regeneration of a previously underused site formerly owned by Transport for Greater Manchester, bringing new homes forward on brownfield land in one of the city’s fastest evolving neighbourhoods.
The funding forms part of Greater Manchester’s wider drive to accelerate housing delivery across the city region while prioritising development on previously used land.
Despite not being required under the planning consent, Capital & Centric has voluntarily committed to delivering around 15% of the homes as affordable housing, offered at a discount to market rent.
