Manchester launches £1.7 billion science and tech hub
‘Sister’ project kicks off.
Manchester has officially opened the first phase of a £1.7 billion ($2.3 billion) hub designed for science and technology companies. This initiative called the ‘Sister’ innovation district, is located on the University of Manchester’s former North Campus and aims to provide 2 million square feet of commercial space along with 1,500 new homes, enhancing the city’s reputation as a science and tech centre.
The Sister project is a collaboration between the University of Manchester and Bruntwood SciTech, alongside Legal and General and the Greater Manchester Pension Fund. Over 15 years, it has sought to attract private investment to improve public services and infrastructure in the UK. The first tenant, Sustainable Ventures, a climate tech investment firm, will move into the Renold Building in November.
Bev Craig, leader of Manchester City Council, described the opening as a significant moment for the city. The Sister district is included in the government-funded Greater Manchester Investment Zone, which allocates £160 million in public funds to attract businesses over the next decade. Plans for the first major development zone within Sister are expected to be announced soon.
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