Development #3 – NOMA
About NOMA
This 20-acre area of the city centre has long played a crucial role in the economic and social history of Manchester. NOMA is a new city centre neighbourhood, located between Victoria Station and the Northern Quarter and adjacent to the city’s retail core. The scheme will create 4million sq. ft. of new homes, offices, hotels, and retail and leisure space.
In recent years, NOMA has developed as an important commercial destination, now home to a vibrant, new tech community, breathing new life into its rich heritage buildings, as well as the £100million Cooperative Group headquarters at 1 Angel Square, housing around 3,500 employees.
| Construction jobs | 2,250 construction workers. 60% of total construction jobs filled by Greater Manchester residents |
|---|---|
| Direct and indirect jobs | 5,400 FTE direct jobs and 550 indirect jobs |
| Apprenticeships | Over 80 apprentices involved so far. Over 1,000 construction workers received on-the-job training |
| Construction spend | £150million so far, of which 70% was within Greater Manchester |
| Sectors targeted | Creative, innovation, tech and digital |
| Business rates revenue | c.£4million from occupied premises |
| Visitor or household spend | More than 20,000 visitors over three years |
| Gross Value Added | £380million per annum to the economy |
| Value of direct investment in the city | £7million ERDF for Sadlers Yard |
| Supply chain | 70% supply-chain spend within Greater Manchester |
Social value:
- £4.5million generated in social value
- One public square delivered
- 1,000 volunteers
- 60 events and activities held
- One community hall
- One community pub delivered
- NOMA Community Fund – 23 successful applicants and £25,000 awarded thus far
Testimonial – local business
Rob Evans, With Love – small business based at NOMA “We just love it around here. Working alongside like-minded creative businesses has helped us to grow, and feeling part of something that is more than just a place to work is what we’ve been looking for.”
Testimonial – local organisation
Mary Patel, Group Co-ordinator Rethink Mental Illness Manchester Group. “As a mental health support group we want to be accessible to as many people as possible, and having a city centre location is central to achieving this. Attending a support group for the first time can be daunting, but the Old Bank Residency location means people are often already familiar with the area and can easily find us. Being at Old Bank Residency has been a real boost for our group, giving us some much-needed stability, and attendee numbers have started to grow. Being in such a creative space has had added benefits too – we’ve linked up with artists who use Old Bank Residency and use funding to run workshops on pottery and laser-cutting. We really enjoyed these activities, as they gave us a chance to switch off and spend time together without needing to focus on difficult issues.”