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Economic growth – Salford in numbers and growing fast

Salford’s economy continues to grow, creating new opportunities for local people. 

  • 20,344 new homes have been built in Salford in the past decade, including 3,201 classed as affordable homes.
  • Salford has the highest productivity in Greater Manchester (GM), and is the only local authority in the region without a productivity gap with England.
  • Home to 11,000 businesses, Salford has the fourth largest business base in GM. This is a rapid increase of 85% since 2010 and supports around 159,000 jobs. 

This growth is also expected to continue, with employment expected to grow by a further 25,000 jobs by 2040.

Growing the city in numbers (2020 to 2025) 

Financial years Number of new Homes New Commercial floor space (sq. ft.) Private sector Investment Public sector Investment Number of new jobs Inward investment
2020-21 3,188 660,839 £498m £99m Figures not available during Covid Figures not available during Covid
2021-22 2,865 398 £501m £37.5m 2,110 14
2022-23 2,324 17,911 £356m £48.9m 935 12
2023-24 2,651 463,978 £398m £40.08m 1,594 14
2024-25 2,759 78,286 £699m £35.32m 1,316 8
Total 13,787 1.22m £2.45bn £261.52m 5,955 (without 2020-2021) 48 (without 2020-2021)

An enterprising, innovative and commercially minded council

The council has invested across a number of commercial sites. These include One New Bailey. 101 Embankment, 2 New Bailey Square and 100 Embankment. This has helped accelerate the pace of development to grow the office market in the city and support the growth of Salford’s business economy, creating long term employment opportunities. To ensure the development champions the highest quality of design, we’ve launched an independent design forum with the role of constructively challenging developers to achieve the best possible design outcomes for the city. 

Design review panels are already well established across London and the south east and Salford’s new forum marks a significant step in embedding design excellence into the city’s planning process.

Salford’s growth is very much unfinished business

The city's growth over a relatively brief period has been phenomenal, and it hasn’t been by chance. We are now starting to reap the benefits through the matured public-private sector partnerships the city has formed to date.

We’ve long been at the forefront of regeneration in Greater Manchester, and our track record of high-quality public-private partnerships has produced results across the city that speak for themselves. The next chapter of regeneration will be delivered through the new Salford Strategic Regeneration Forum, which brings together Salford City Council, the Greater Manchester Combined Authority, Homes England, and private-sector leaders Peel Land and Muse. The unique partnership marks a shift in how regeneration is delivered in our city, ensuring that major projects move forward at pace while aligning with our city’s vision for a fairer, greener, and more inclusive future.

Our strong leadership and partnership working, along with a track record of delivery, means Salford is recognised as a place of opportunity and an engine for growth.

From this, the city has a bold new vision to deliver 40,000 new homes and 40,000 new jobs by 2040 within our four strategic growth locations (Salford City Centre, The Quays and MediaCity, Greater Manchester Western Gateway and Salford’s towns)

New development is bringing in jobs, business opportunities and homes to the city.

Find out more

Salford Central

Buzzing commercial district at New Bailey

  • Offices at Three New Bailey completed in 2021 (157,000 sq. ft.) to create a regional centre for Her Majesty’s Customs and Revenue (HMRC). Around 2,400 civil servants have moved to their new home.
  • Four New Bailey (providing 175,000 sq. ft. of Grade A office space) completed in 2024 and is pre-let on a 20-year lease by British telecommunications giant BT. The company moved into this new multi-million-pound regional office in January 2025, housing up to 2,000 staff, as part of its UK-wide workplace transformation programme.
  • Eden (115,000 sq. ft.) is now complete, providing Grade A office space and Europe’s biggest green wall Façade, designed and built in accordance with Passivhaus principles. Space in the building has now been let to companies including TLT and BDO.

Homes built across tenures in genuine communities

  • Chapel Street transformed from area of low investment into an exciting new neighbourhood for Salford with the completion of Vimto Gardens, award winning Timekeeper’s Square and Carpino Place, The Filaments and Atelier. Greenhaus was also completed in 2024, delivering 96 sustainable, affordable apartments built to Passivhaus standards for Salix Homes.
  • Islington Mill was recently transformed with financial support from Salford City Council and remains a dynamic hub for creatives across Salford. The surrounding area is set to be transformed by the Regent Trading Estate scheme, which will provide affordable homes in the heart of the city.

Improved leisure offer attracting independent restaurants

  • Including Porta, Vero Moderno, Foodwell and Menagerie

Engine of growth and renewal for Salford – attracting other developers and investors to the city

  • When complete, the £650m scheme will have created around 11,000 new jobs, over 1 million sq. ft. of offices, 1,572 new homes, 261,000 sq. ft. retail and leisure space, 390 hotel rooms and new links to Manchester City Centre.

Greengate

Following the success of Greengate’s flagship office schemes at 100 and 101 Embankment in recent years, we’re now progressing significant residential developments across the Greengate area.

Completion of high density schemes across Greengate with a significant number of residential units expected to be delivered in the next ten years

  • Recent residential developments such as Bankside at Colliers Yard, Cortland, and Embankment Exchange, have added to existing developments, including Local Blackfriars, Anaconda Cut, One Greengate, Spectrum and Abito. Development in the Greengate area continues, with Renaker’s Parkside currently on-site and future developments, including One Heritage Tower, scheduled to begin in the coming years.    
  • As part of this new urban neighbourhood, the first phase of Greengate Park has been completed, with over half an acre of high quality public realm now open for the public to enjoy.
  • Significant importance to the delivery of this neighbourhood is the continued delivery of public realm which will include a second phase to Greengate park and connecting spaces, including the completion of Greengate Boulevard to a revitalised Collier Street Baths.
  • The Arch Company has recently completed a £3m transformation of ten derelict railway arches on Norton Street. In 2024, it was announced that Asda were to be the first tenant on Norton Street, and that the remaining arches would provide retail, leisure, and food and beverage spaces. 

Strangeways and Cambridge

Following joint approval by Salford City Council and Manchester City Council, a Strategic Regeneration Framework (SRF) was endorsed in November, establishing a long-term, cross-boundary vision that prioritises climate resilience, active travel, heritage, and inclusive growth. The SRF outlines capacity across seven neighbourhoods for around 7,000 new homes, 1.75 million sq. ft. of commercial space, and a 60-acre new urban park to address biodiversity and flood risk, alongside extensive public realm improvements, and better city centre connectivity. 

Middlewood Locks

A new neighbourhood combining city living, green space, community spirit and a range of commercial opportunities

  • Phases 1 and 2 of the scheme, featuring 1,117 homes, have been completed and are sold out. These phases include ground-level parking and landscaped gardens that connect to the public realm and the park space surrounding the canal, the development's central feature. 
  • Phase 3 (189 apartments and townhouses), known as the Railings, was completed in 2025.
  • Outline consent has been given for the remaining phases of the Middlewood Locks scheme. Plans include up to 1m sq. ft. of office space, a multistorey car park, 1,000 homes and 260,000 sq. ft of commercial space – including a hotel.
  • Middlewood Locks has helped shape a vibrant city-centre community, including through the annual Middlewood Locks festival, which returned in 2025 and featured live entertainment, water activities, workshops, makers markets, food vendors, and a pop-up pub. This year, Middlewood Locks celebrates its 10th anniversary, coinciding with the City of Salford’s 100th birthday.

University and Crescent Masterplan

  • Crescent represents one of the largest mixed-use development opportunities in the country and is a key scheme in the continuation of regeneration taking place across the city of Salford.
  • In March 2020, the city council and University of Salford jointly appointed English Cities Fund as a developer partner to deliver the ambitious masterplan over the next ten to 15 years. This will enable the delivery of a truly distinct opportunity to create and connect a modern residential neighbourhood with a quality mixed-tenure, diverse housing offer and a unique innovation district aligned to future business growth sectors.
  • New University of Salford buildings including Energy House 2.0 (£16m research facility) and The School of Science, Engineering and the Environment (£65m facility) were completed in 2022. The new Health and Wellbeing building is currently on-site, along with the GM Institute of Technology, which is set to open in early 2026.
  • Plans approved for Crescent Innovation North, including plans for 933 new homes, 1.4m sq. ft. of new commercial innovation floorspace, 71,000 sq. ft. of learning facilities, a 'movement hub' and 25,000 sq. ft. of space earmarked for leisure facilities. This includes the world-leading Acoustics Centre, which broke ground in November 2025 and is due to be completed in 2027. The £24m, 14,500 sq ft acoustics building will provide a modern setting to test and engineer products and materials and measure their acoustic performance. The acoustics facility will build on Salford’s existing expertise in this area, fostering research and innovation with global impact.
  • Adelphi Village, a flagship community neighbourhood is on-site, with 100 affordable Passivhaus apartments at Willohaus set to complete this year. Further plots within the village are on-site and progressing, including Phase 1 and Phase 2 of the former Farmer Norton site, comprising 42 townhouses and 185 apartments, respectively. Further residential schemes on the former sites of Old Adelphi and Centenary will progress in the next stages of the development.
  • As part of the Greater Manchester Combined Authority’s mission to deliver good growth, Adelphi Village has been financially backed by the Good Growth Fund’s first round, contributing £23.4 million to deliver 336 apartments across two new buildings.
  • 'Salford Rise’ - partially funded by £13m Levelling Up Fund, recently secured an additional £4m CRSTS contribution to deliver new public space and a pedestrian / cycle route over Frederick Road, improving connectivity across the wider Salford Crescent area. Construction is underway, with completion scheduled for Summer 2026.  

The Quays and MediaCityUK

An international hub for technology, innovation and creativity

  • MediaCity - Set to double in size in the next decade (£1bn expansion), with proposals to bring over 3,200 new homes, 800,000 sq. ft. of commercial floorspace as well as unparalleled access to employment, retail, leisure and recreation.
  • Further phases of development, led by Landsec, will see MediaCity expand further over the next decade, with additional office space planned to accommodate industries of the future.
  • Driving forward GM’s Industrial Strategy as one of GM’s main economic drivers, generating £1.4 billion gross GVA per year.

A significant boost to the northern powerhouse tech economy

  • Vodafone opened their Digital Innovation Hub at MediaCity in June 2019 providing the UK’s growing start-up community with a head start in developing new 5G applications and services. With more than 100 start-up companies in MediaCity alone, the Vodafone Digital Innovation Hub provides entrepreneurs with access to network experts, the latest technologies, including 5G, IoT and high-speed fibre and a space to work together and exchange ideas.
  • The city has an abundance of strong tech talent and further down the road, TalkTalk relocated its HQ from London to the Soapworks alongside Global IT Consultancy CGI Group, setting up an office in the North (March 2018).
  • In 2020, The Landing in MediaCity was rebranded as HOST (Home of Skills and Technology) with a focus on building a world-leading reputation in data science, AI, gaming and immersive technologies. Over the last four years, Salford City Council has helped fund a series of Innovate to Scale programmes, including Gametech 365 @ HOST, the award-winning FreelanceHER, and The Modern Workplace.

A commercial hub driving the economy

  • 2,000 BUPA employees moved into their new and highly sustainable 145,000 sq. ft. headquarters in The Regent (September 2018).
  • BUPA’s relocation to The Regent paved the way for The Victoria’s transformational £5 million refurbishment. The Vic was completed in summer 2019, and in 2023, breakdown giant RAC relocated 300 employees to this building.
  • In 2023, the Department for Levelling Up, Housing and Communities, now MHCLG, occupied 25,000 sq. ft. of office space in Soapworks, Ordsall, bringing 250 jobs to the city.
  • Since the start of 2025, a total of 11,308 sq. ft. of commercial space has been snapped up across MediaCity, creating over 600 new jobs, driven by a combination of business relocations, company expansions, and the arrival of food venues. 
  • Among the latest additions are Intelligent Lending (the fintech business behind Ocean Finance, CredAbility, and TotallyMoney), which has brought 250 staff and Ryan Property Tax Services who have relocated 300 employees to MediaCity.

MediaCity has attracted and welcomed thousands of additional visitors over the summer and is evolving into a destination, offering a range of events that cater to diverse interests, from seminars on cutting-edge technology to family-friendly activities.

  • Central Bay, the new waterside food and drink destination was opened in 2023 and is home to Kargo MKT, a massive food hall bringing 20 different independent kitchens under one roof.
  • The Salford By The Sea Heritage Trail was created in 2023 and provides stories, images and fascinating facts about the Salford Quays area on your phone.
  • Lightwaves Salford takes place across Salford Quays and MediaCity. Lightwaves is a free festival showcasing a series of dramatic light art installations that animate and transform the waterside environment.
  • We Invented the Weekend, the bold and imaginative free festival held in Salford, had 60,000 visitors and delivered a total impact of more than £3.2 million for the local economy in its inaugural year (2023). In 2024, the recorded number of visitors increased to 90,000, delivering a total impact of £3.6 million for the local economy. 

A growing residential community

  • Recent residential developments to complete include The Lightbox, X1 MediaCity (three of four towers), Anchorage Gateway and Clippers Quay on the former cinema site.

Western Gateway

Western Gateway, one of Greater Manchester’s six Growth Locations, presents a strategic opportunity to undertake a transformative programme of employment space, housing, and culturally-led regeneration that can deliver a significant contribution to regional and national economic growth and social outcomes. A Mayoral Development Zone has recently been established across the Growth Location, enabling better stakeholder alignment and closer partnership working.

In Salford, Western Gateway comprises Port Salford, the City of Salford Community Stadium, and Eccles Town Centre, all of which are key sites for the council’s regeneration efforts.

To the west, Peel Holdings is bringing forward Port Salford, an inland port and industrial and logistics hub that will deliver more than 5 million sq. ft. of space

  • Food and drink logistics specialists Culina were the first to occupy the new warehousing space in Port Salford (the UK’s first inland tri-modal logistics facility) in 2016. 
  • Followed by Rhenus in 2017, opening its new HQ and warehouse, strengthening its freight and contract logistics services in the North West and enhancing its network to include Mediterranean and North African destinations as part of its road, air and ocean coverage.
  • In 2025, planning consent was granted to a 105,000 sq. ft. industrial site, known as Westside. The joint venture between Chancerygate and CBRE Investment Management is the first major development in the area around the stadium.

Improving the road infrastructure in and around Port Salford and the City of Salford Community Stadium

  • Completion and opening of the A57 Bridge in 2017.

Building on the community-led ‘Eccles Vision’, we are now beginning a significant programme of town-centre regeneration

  • In July 2025, Muse was appointed as development partner for the redevelopment of Eccles Town Centre. This follows Salford City Council’s recent acquisitions of Eccles Shopping Centre and Charles House in recent years.
  • Following the community conversation that was carried out throughout the autumn, a masterplan will now be developed by Muse and Salford City Council, before a second round of consultation in the Spring.

Delivering an attraction of national significance - RHS Bridgewater Garden

  • The Royal Horticultural Society (RHS) transformed the former grounds of Worsley New Hall into a new 154-acre garden, which opened in 2021. Salford City Council invested £19 million into the project which will bring substantial economic and tourism benefits to the city, its communities and the North West region.

A Garden for all

  • In its first year, RHS Garden Bridgewater welcomed over 482,000 visitors with 18,160 free tickets issued to Salford residents. It also created 162 jobs, from tree surgeons to therapists, as well as apprenticeships and learning opportunities. Its community outreach projects engaged with 539 young people and 425 local people. Over 7,300 young people from 155 schools across all ten Greater Manchester areas enjoyed free educational visits.
  • Construction of a 6.2km upgraded walking and cycling link connection from Boothstown, Walkden Station and Worsley to the RHS was completed in 2022. Work is ongoing to improve walking and cycling links to the garden and other local facilities.

New and improved infrastructure

  • In 2025, Salford City Council approved the refreshed ‘Irwell River Park’, which aims to make Salford’s riverside a place where residents can live healthier lives, engage with nature, and connect with their city’s rich history.
  • Following the renovation of Salford Central station in 2023, a further £10 investment from TfGM, Network Rail, and Northern Trains resulted in station improvements aimed at improving the customer experience. This included improvements to the ticket office, accessible toilets, and platforms, as well as broader modernisation works.
  • Prince's Bridge officially reopened in 2023 as a pedestrian and cycle connection over the Irwell from Salford to the new Aviva Studios in Manchester.
  • A new ‘Park and Ride’ facility at Walkden Railway Station was opened in 2023, providing 107 car parking spaces, electric vehicle charging points, motorcycle bays and cycle storage. 
  • Trafford Road improvements to pedestrian and cycling links completed in 2023, enhancing facilities for pedestrians and cyclists between Ordsall and the Quays and MediaCity.
  • Chapel Street East improvements were completed in December 2025, delivering a higher-quality, safer pedestrian experience, along with cycling provision, rain gardens, planting beds, and new trees. Other improvements included upgraded surfaces and new street furniture, creating a more inviting and dynamic space for all to enjoy.
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