Andy Burnham, a prominent figure in British politics, has promised to revitalize the UK's economy through a strategy of "good growth in every postcode." However, an analysis of his flagship Greater Manchester Good Growth Fund has drawn criticism for disproportionately directing over £1 billion in funding towards projects concentrated in Manchester's city center, while areas described as 'forgotten' suburbs receive less attention.
The fund, intended to drive investment, build housing, and create jobs, is financed by the taxpayer-owned National Wealth Fund, the Greater Manchester Pension Fund, and borrowing against future business rates. An examination of recent allocations shows Manchester receiving approximately £260 million for housing, business, and transport initiatives, primarily within its central districts. Wythenshawe, a deprived area south of the city, is noted as an exception, receiving £26 million for housing.
In contrast, Tameside, a borough with a population of 240,000, was allocated £25 million for its town center and new housing developments. Wealthier Trafford, with a similar population size, received a considerably larger sum of £139 million for housing and road infrastructure.
These disparities have prompted concerns that funding decisions may favor areas whose representatives advocate most strongly. Lord Barry of Altrincham, a former Conservative MP, stated that Burnham's mayoral tenure has prioritized development in Manchester's city center, with limited investment reaching outer boroughs. Gerald Cooney, former Labour leader of Tameside Council, criticized investment strategies dictated by London and noted that outlying areas have not experienced the benefits of Greater Manchester's economic growth, which has reportedly expanded at twice the national rate.
The Greater Manchester Combined Authority (GMCA) has also faced scrutiny over separate taxpayer loans totaling £615 million to Renaker, a developer involved in numerous city center skyscraper projects. Graham Stringer, Labour MP for Blackley, north Manchester, emphasized the need for spending to be effective and balanced between need and return on investment. He expressed reservations about public funds supporting headline-grabbing developments near Manchester United's football ground, fearing inadequate assessment.
Despite these criticisms, some political figures have supported Burnham's approach. Andy Haldane, a former Bank of England economist, endorsed the plan for devolved spending as a crucial element of economic and democratic renewal. Former Conservative minister Justine Greening suggested Burnham might possess a superior understanding of delivering on the 'levelling up' agenda compared to previous governments. The GMCA stated that the Good Growth Fund aims to unlock brownfield sites and facilitate the creation of social housing.