Why invest in Salford Quays?
- Anticipated 50% Capital Growth on Completion 2011
- Salford Quays – Strong Rental Yield
- Media City (BBC relocation to Salford Quays) will create 15,000 jobs in 2011
- Salford Quays - Manchester's London Docklands
- Media City will contribute around £1.5 billion to the regional economy
- Increasing the population of successful young professionals
- Creating an increased demand for luxury properties
- In 2011 Salford Quays will be regarded as 'The place to live and work'
- Fastest growing city in the UK – population set to double in the next
10 years - Excellent transport links
Salford Quays, the future home of Media City:UK already has more than 150 media related businesses. Its theatres, galleries, museums, cinema, shops, bars, restaurants and water sports attract more than 4 million visitors each year; 13,000 people already work here and nearly 7,000 call it home. 11 million people live within one hour’s drive of Media City the motorway network is on the doorstep and Britain’s second airport is just twenty minutes by car. The tram service between central Manchester and Salford Quays takes less than twelve minutes.
Media City is an innovative, creative hub, to rival other new media cities emerging around the world. The area is surrounded by water. At its heart is a triangle of iconic buildings, The Lowry, Imperial War Museum and a new media complex, new home to the BBC.
A new network of tightly knit streets, squares and boulevards will cascade down into a huge waterfront piazza, a place to watch the sunset, enjoy a drink or a concert, and have some great conversations. While based at Salford Quays, is Manchester’s waterfront, it enjoys all the benefi ts of the City Centre, with the space for an explosion of new media and creative industries.
A major BBC presence in the North will attract not just other producers; it will stimulate and attract a huge range of media-related activity from advertising to design, video games to music and new media not yet invented.
Media City has 200 acres of space in and around an established waterfront with space for the BBC and other major broadcasters, space for big media corporations and a myriad of smaller creative businesses.
Affordable space and support will be provided for independents, ICT and creative businesses to interact, expand and fl ourish. Universities and skills providers across the North of England have been brought together to provide research, training and education to stimulate the competitiveness of creative industries within Media City.
- £1.5bn to the regional economy.
- Employment opportunities for 15,500 people.
- 700,000 sq m (over 7m ft) of new and refurbished floorspace for business, retail and residential property.
- 1,500 trainee posts per year.
- Space for 1,150 creative and related businesses.
- The creation of over £225m per annum in additional net value added.
Details of the UK’s fi rst media city were unveiled on Monday 22nd May 2006. With the BBC’s planned move to the North in 2011, plans have been revealed for an inspirational new media city to cover two hundred acres of Salford Quays: Manchester’s Waterfront.
Media City mirrors the BBC’s own ambitions to establish a new state-of-the-art media enterprise zone for the North. A new iconic building for the BBC would sit on the waterfront opposite The Lowry and Imperial War Museum North. A custom-built recording studio for the BBC Philharmonic, floating stages for theatre and concert venues, studio and technical facilities are just some of the offerings for media industries.
A thriving media hub at Salford Quays: Manchester’s Waterfront would not only see the relocation of the BBC to the area. Affordable space and support will ensure that other media and creative industries relocate or start from scratch to create a dynamic, stimulating and diverse environment where new ideas and innovations can be nurtured and realised.
Employment opportunities for 15,500 people will be created; 1,150 creative and related businesses will be supported and 1,500 trainee posts will be available each year.
“The development of a media city isn’t just about engineering a creative environment for broadcasters,” said Felicity Goodey, Chairperson, Salford Urban Regeneration Company and the bid’s co-ordinator, “It’s about building a creative hub which stimulates the Media City - Salford Quays & BBC growth and innovation of media and media related companies across the North and beyond. This is a global industry. We’ve nowhere like it in the UK. Media City allows this creative energy to explode into a thousand applications and has the space to nurture hundreds of businesses and thousands of talented people for the future.”
The Metrolink will be extended to the very heart of Media City and the services to and from Manchester increased. Plentiful, secure car parking for residents, visitors and employees alike is assured with a new access road to provide fast links to the motorway network. Salford City Council leader Councillor John Merry:
“We are offering the BBC an opportunity to be part of a media city which enables them to be the catalyst for a much bigger scheme. It will be a fantastic development of international signifi cance which will make a real difference to our communities and create tangible opportunities for our young people.
“We can do all this because we have the political will to succeed, because our delivery team is absolutely committed, and because we have an unconstrained site which is ready for use now. But above all, Salford City Council and our private sector partners Peel have a tremendous record of delivering major regeneration projects - a record which speaks for itself.”