Manchester‘s newest landmark arts complex Factory International is reportedly in talks to sell naming rights to the venue to help fund the rising costs of the project.
After it was reported earlier this month that the huge arts centre being built in Manchester city centre – which is set to be a world-leading theatre, performance space, and cultural hub – had blown past its budget once again, and was seeking for a further £25.2 million in funding from the government and Arts Council England to be approved by Manchester City Council, it’s now been revealed that the option for selling naming rights is being explored.
Plans for the unique structure – which boasts 21m-high ceilings and an enormous warehouse-style space that can be divided up for different audiences – were first announced in 2016, and back then, its total budget was set to be £110 million, with an opening date pencilled in for 2019.
But now, as construction costs continue to skyrocket, the landmark complex is actually looking at a total cost of £210.8 million, which is almost double its original budget, and a completion date in 2023.
Councillors are expected to approve the renewed request for funding at an executive meeting next week – but local authority leaders say they hope “a significant proportion” of the costs will be recovered by selling the naming rights to the venue.
Factory International is set to be a world-leading theatre, performance space, and cultural hub / Credit: Pawel Paniczko
MIF executive director Randel Bryan told the Council that the naming deal is expected to raise at least £25 million.
This is said to go above the total fundraising target previously set for the arts centre.
“We’ve already had really advanced conversations with a number of leading brands that have been in excess of the £24 million mark,” Mr Bryan said.
“Those deals, for a number of reasons, are still being developed and are still in a pipeline, but it does show that there are sponsors and partners out there that are prepared to exceed our ambitions with naming rights.”
Factory bosses hope to finish the naming rights deal before the venue opens in 2023, with around 70% of the proceeds from the deal going to the Council directly and the remaining 30% to support MIF and the future of the venue.
When it’s finally completed, the complex will be programmed and operated by the team behind Manchester International Festival (MIF) to act as a permanent home to the roving arts festival, and it’s expected to create or support around 1,500 jobs, attract 850,000 visitors a year, and contribute around £1.1 billion to the economy over a decade.
Manchester City Council says the venue will be “inclusive and inspiring”, with plenty of free and low cost events and opportunities for Manchester people to get involved, both as participants as well as audiences.
Featured Image – OMA 24
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‘Eyesore’ Northern Quarter car park to be redeveloped as ambitious new neighbourhood
Emily Sergeant
An underused multi-storey car park in the heart of the city centre is set to be sold and redeveloped as an ‘ambitious’ new neighbourhood.
The ‘eyesore’ car park situated in Manchester’s iconic Northern Quarter will be transformed into what Manchester City Council is hoping will become a green and sustainable neighbourhood set to complement the ‘unique and independent’ ethos of the area.
It comes after developers CBRE were appointed by the Council last year to market the Church Street site for disposal, ahead of seeking formal planning permission.
The new scheme will deliver more than 300 new homes – including 60 affordable homes – alongside new commercial opportunities and high-quality public spaces.
A before and proposed after of Church Street Car Park / Credit: Manchester City Council
It’s expected that the development will respect the heritage and architecture of the historic city centre neighbourhood and help to enhance the wider area, all while improving a car park site that has long fallen out of favour.
The new neighbourhood will also feature four new public squares and green spaces, along with opportunities for pedestrianising the surrounding streets as part of the public realm.
As mentioned, commercial space is also part of the plans, as the ground floor of the building will offer a mix of smaller, more affordable units to ensure local independent businesses can access the neighbourhood, alongside units for food and beverage outlets.
“For too long, the Church Street car park has been an eyesore and a barrier to the ongoing success of the Northern Quarter,” commented Cllr Bev Craig, who is the Leader of Manchester City Council.
“We want to bring forward a world-class development that has the potential to completely transform this part of the neighbourhood, together with the newest city centre public squares and green spaces.”
The final legal negotiations will conclude over the summer, and it’s expected that a public consultation will then take place to inform a future planning application.
Featured Image – Manchester City Council
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‘Major milestone’ as planning permission secured to transform Oldham town centre
Emily Sergeant
Planning permission has been granted for six transformational sites in Oldham town centre, with developers calling it a ‘major milestone’.
This approval marks a key step forward in Muse Places and Oldham Council‘s long-term partnership with a shared ambition to deliver a ‘vibrant, inclusive, and sustainable’ town centre that not only reflects Oldham’s heritage but also meets the needs of the people who live there.
Following ‘extensive consultation’ with the local community earlier this year, where hundreds of people took park and shared valuable feedback to help shape the proposals, a total of 1,619 new homes will be delivered as part of the plans, offering a mix of high-quality, energy-efficient apartments designed for families, older people, and young professionals.
The plans also include social and affordable housing provision too in a bid to help more local people find a home that suits their needs and circumstances.
According to the Council and developers, the approved plans will bring underused sites back into ‘productive’ use and support a ‘cleaner, greener’ future for Oldham, opening the door to new opportunities for local businesses and communities alike.
“This decision marks a key milestone in delivering on our promises for Oldham,” commented Cllr Arooj Shah, who is the Leader of Oldham Council.
Planning permission has been secured to transform Oldham town centre / Credit: Muse Places
“Oldham Council and Muse have a shared, ambitious vision to create a quality place that people genuinely want to spend time in.
“I am thrilled that we can continue moving forward with our plans, delivering high-quality homes, including the provision of social and affordable homes to meet local needs. We will also support local businesses and create opportunities for everyone, as part of a clean, green and sustainable future.
“Together, we are creating a place that we can all be proud of.”
Site investigation works are now complete at the Civic Centre, and works at Prince’s Gate will begin shortly, followed by the former Magistrates’ Court later this year.
With planning consent secured and preparatory works underway, construction at Prince’s Gate is expected to begin this autumn.