The Northwest Regional Development Agency has agreed a £10.76m funding package which will allow infrastructure work to start on Salford's Chapel Street regeneration project in Greater Manchester.
The investment will provide the public infrastructure needed to underpin the proposed mixed-use development for the 42-acre site. Some 2.4m sq ft of commercial space, 849 homes and 390 hotel rooms are planned.
Work on the first phase of infrastructure improvements will begin immediately and will divert traffic away from Chapel Street.
In total, around 150,000 sq ft of public space will be improved.
Plans for the Chapel Street regeneration have been led by Central Salford urban regeneration company.
In January, Salford City Council appointed English Cities Fund, a joint venture between Muse Developments, Legal & General and the Homes and Communities Agency, as development partner.