A multi-million funding deal has been agreed to repurpose one of Manchester’s oldest surviving Victorian mills.
After £55 million plans to reimagine Talbot Mill into a 10-storey apartment block began back in May of last year, social impact developers Capital&Centric have now agreed a £37 million deal with Paragon Bank to finance the restoration of the historic mill and repurpose it into 190 new distinctive properties for rent.
Built in 1855 overlooking the canal, the imposing red-brick mill on Ellesmere Street in the Castlefield neighbourhood was the product of Manchester’s textile boom.
One of the city’s last massive mills to be restored, it was Talbot that spearheaded the rapid transformation of the Cornbrook area from undeveloped land to a powerful industrial hub in the late 19th century, before going on to dominate the local cotton industry in the early 1900s.
It was even used as a mushroom farm in the 1980s, while more recently, it has been the set of a period drama and a massive art exhibition.
But when the restoration is complete, over half the development will be newly-built and will offer residents of the nearly 200 ‘distinctive’ apartments a lush hidden garden, with plenty of green spaces to meet and hang out, while still managing to celebrate the mill’s past and retain loads of original features.
Capital&Centric is developing Talbot Mill as an investment, which it will retain for rent once finished.
This is something the developers have already done successfully on a number of sites in recent years, especially in its lengthy run of restoring Manchester’s iconic listed buildings and mixing the old in with the new.
One of Manchester’s oldest surviving Victorian mills will be repurposed into ‘distinctive’ rental homes / Credit: Capital&Centric
“We love to restore and repurpose historic buildings,” explained Tom Wilmot, who is the joint managing director at Capital&Centric.
“But as one of Manchester’s oldest mills, Talbot Mill is something a bit different, so we’re buzzing to be bringing it back to its former glory, [as] it had a huge role to play in the industrial revolution in the city and now it gets to be part of the city’s future.
“We’re retaining as many features as we can, to keep the history of the mill alive and so that our residents can enjoy becoming custodians of the past whilst enjoying all the trappings of modern-day living.”
Featured Image – Capital&Centric
Property
Five reasons to live at New Maker Yards, Salford’s stunning canalside neighbourhood
Daisy Jackson
With new apartment blocks springing up all over Greater Manchester, it’s rare to find one with community spirit built-in – but we’ve found just the place.
Just across the river from Manchester city centre, this canalside neighbourhood offers more than just its beautifully designed apartments and generous green spaces. New Maker Yards creates a community that values lifestyle, wellbeing and connection as much as the living spaces themselves.
That means free events for residents, plenty of communal spaces, a gorgeous setting, and so much more.
Here, you’ll find one-, two-, and three-bedroom homes available for rent, with pet-friendly pads, an on-site cafe, parking, and green spaces all available. It’s in a pretty enviable location, too.
Here are five reasons to make New Maker Yards your next home.
Community
At New Maker Yards, you’re not just renting an apartment, you’re joining a neighbourhood with real community spirit.
Large-scale free community events bring residents and locals together, like this summer’s Middlewood Locks Fest, which featured live music, food, rowing boats and a market right on the canals.
The recent Sofar Sounds event saw the community curl up on beanbags to enjoy a completely free gig from up-and-coming local artists.
Come winter, there’ll be a Christmas party, and all year round you’ll find monthly quiz nights, workshops, a book club, yoga, football, a run club, and pop-up events like sushi making and plant pot painting.
Location
Aviva Studios is a short walk from New Maker YardsNew Maker Yards is just outside Manchester city centre
Technically in Salford, but a stone’s throw away from Manchester city centre, New Maker Yards blends convenience with character. You can even see Aviva Studios from here.
Built around canals and just beside the River Irwell, it’s a gorgeous part of the city centre.
From your door, it’s just a four minute walk to the Regent Retail Park (hello, big Sainsburys and JD Gyms); seven-minutes to all the restaurants and cafes on Chapel Street; and less than 10 minutes from St John’s and onwards to Spinningfields.
You can also get your green space fix with a 15 minute walk to Castlefield, with Peel Park a little further on.
And with each apartment block designed around its own communal gardens, you’ll feel tucked away from the city centre, while still being amongst the action.
Communal spaces
Co-working hub at New Maker YardsCo-working hub at New Maker YardsA resident lounge
You’ll never get cabin fever at New Maker Yards, which has loads of communal spaces to enjoy.
Residents have access to The Lock, a co-working hub with window seats, booths and a huge co-working desk.
Residents can also access the Club Room, where you’ll find a mini library, a kitchen for hosting events, a huge TV and more.
Outside, landscaped gardens include flower beds, loungey garden furniture, ping pong tables and more for residents to enjoy.
Add in a 92 Degrees coffee shop and an on-site Co-op shop, and you have everything you need right on your doorstep.
Interiors
Inside a New Maker Yards apartmentA living space opening onto an outdoor terraceModern, fully equipped kitchensStylish living spaces
Apartments at New Maker Yards come with top-spec, state-of-the-art interiors, designed for modern living.
Each home has huge windows that flood with natural light, integrated kitchen appliances including a fridge, microwave and dishwasher, and loads of storage space.
Furniture packages mean you can move straight into a home kitted out with dressers, drawers, beds, sofas, mirrors, and more.
Many of the apartments also feature private outdoor space – balconies for the upper floors, and terraces opening onto the communal gardens for the ground floors.
They’re also pet friendly, so you can bring your four-legged friend with you.
Services and amenities
The Club RoomNew Maker Yards
You’ll have proper peace of mind at New Maker Yards, both for your own personal safety and the safety of your ASOS parcels.
There’s 24-hour on-site security, an on-site maintenance team, a parcel room and a friendly resident team in the welcome office, ready to help with whatever you need.
Storage pods, car parking and bike storage are all available too.
To find out more about New Makers Yard, head HERE.
The incredible plans to build floating walkways over Manchester’s waterways
Daisy Jackson
A major project that will deliver a 100-mile-plus network connecting Manchester’s parks, squares and waterways has been unveiled – and it includes impressive floating walkways.
The first steps for the CyanLines mega project have been unveiled today, including the first four routes which will link the likes of Mayfield Park, New Islington Marina, Castlefield Viaduct and Kampus.
The ambitious plans will also link lesser-known pocket parks, canal tow paths, and pedestrianised walkways, and will incorporate new planned outdoor spaces such as the Science Museum courtyard and the former Central Retail Park.
One particularly eye-catching proposal will be a new floating walkway across the middle of the River Irwell, complete with a canoe dock and storage area.
The plans will adapt to Manchester’s ever-expanding cityscape and will link up new and existing developments, providing green walking and cycling routes around town.
Manchester and Salford City Councils have already worked together and secured funding from the National Trust, Natural England, and the National Lottery Heritage Fund’s Nature Towns and Cities programme.
There are four CyanLines pilot routes – the first being a 5km ‘Irk Valley Explorer’ that will link Chethams Library and the Glade of Light memorial, Angel Meadows, the under-development City River Park, and the Barney’s Steps made famous by LS Lowry, ending with a view of the city skyline.
Then there’s the Mayfield, New Islington and Ancoats Loop, which will connect together Mayfield Park, the Ashton Canal, the Central Retail Park which is being transformed into a campus for the UK Government, New Islington Marina, Ancoats Green, and all the way down to leafy Kampus.
How the River Irwell could look with the CyanLines routes in placeHow the River Irwell looks currently
CL3, otherwise known as the ‘Walking the knowledge corridor’, incorporates significant landmarks like the Emmeline Pankhurst statue, our historic canal network, the Palace Theatre, Symphony Gardens, the universities, Manchester Museum, and Whitworth Art Gallery.
And the final of the four pilot routes is the CL4, focused around the almighty Castlefield Viaduct but also joining the Bridgewater Canal into Salford and the Irwell River Park, as well as the gardens around Chapel Street, Greengate Park, and the River Irwell itself.
Councillor Bev Craig, leader of Manchester City Council, said: “Manchester is on a mission to make our city greener, investing in new parks and green spaces including the likes of Mayfield, Ancoats Green and the Castlefield Viaduct, in addition to our work to celebrate and open up our rivers and canals. We are a city with exciting, and transformational plans for the future. .
“But there’s more that we can do together. CyanLines is a bold new initiative over the next decade to imagine and create over 100 miles of connected parks, green spaces and waterfronts.
“This is just the start of CyanLines and I urge residents, business owners, community groups and leaders to join us on this very exciting journey to truly transform our city.”
Tom Bloxham MBE CBE, CyanLines project co-founder and chair, Urban Splash and founding Chair Manchester International Festival (MIF) and Factory International said that the same ambition that grew MIF will be applied to CyanLines.
More before-and-after images of the CyanLines pilot plans
He said: “We want to bring the whole city along with us, to help us plan, fund and deliver CyanLines. No idea is too big, too ambitious, too audacious or too small or too straightforward.
“Everyone wants more green space. Everyone wants to be able to walk to the end of Castlefield Viaduct. Everyone wants to be healthier and happier.
“Imagine more species and drifts of plants and wildflowers and allotments in the city centre and being able to walk one or 100 miles of continuous paths linking all our amazing spaces. Together we can make it happen!”
Pete Swift, CyanLines project co-founder and CEO of Planit said: “The first four CyanLines provide so much more than walkable and wheelable connections linking the existing and planned excellent green and blue spaces across the city, to bring us all closer to nature and nature closer to us.
“The routes will be the starting point, or spring board, for a whole plethora of CyanLines projects which will bring new opportunities for nature to thrive and to be enjoyed.
“The ambition for CyanLines does not stop at Manchester and Salford city centres. It will ultimately link up all Greater Manchester’s boroughs to bring our citizens and communities closer to nature and help drive a greener, healthier, and inclusive future. From Dunham Massey in the south, to Northern Roots in Oldham; from Leigh via RHS Bridgewater, Media City on to the foot of the Pennines.”
Mike Innerdale, regional director North of England, National Trust said: “National Trust are firm supporters of CyanLines, not least because its core aim mirrors our own of ensuring more people have access to nature particularly in our towns and cities, and to bring nature to people’s doorsteps wherever they live.
“We recently announced we have secured the majority of the £3 million of funding for the Castlefield Viaduct which will allow us to bring Phase 2 of this iconic sky park project to life, enabling us to create a through route at the heart of the city. We look forward to working with the CyanLines team and other partners as both our projects advance, connecting Castlefield viaduct with the other wonderful spaces in Manchester and Salford city centres.”
Emily Sergeant -
19th February 2025 
