Grand plans to bring thousands of jobs and homes to Bury and neighbouring boroughs will be debated by the council next week.
The Northern Gateway project, which straddles Bury and Rochdale near the M66 and M62, will be put under the spotlight by the cabinet on Wednesday.
The scheme is set to form part of a Greater Manchester Mayoral Development Zone (MDZ) covering parts of Bury, Rochdale, Heywood, Middleton and Oldham to "boost growth and help to create a more balanced economy across the city region".
To be called Atom Valley, the MDZ will include a number of sites that will have the potential to accommodate around 1.6m sq/m of new employment space, creating around 20,000 quality jobs with 7,000 homes.
It is proposed that Atom Valley will be supported by significant investment in sustainable transport and other infrastructure to ensure the new jobs are accessible to residents.
Bury Council leader, Cllr Eamonn O’Brien, said: “The Northern Gateway site is truly of national and international significance.
"It has the potential to significantly change the economic growth potential of the North East of the city region and far beyond.
“And, closer to home in Bury, it will complement and link together the major regeneration plans we have for our town centres of Bury, Radcliffe and Prestwich, as well as providing a focus for the emerging Economic Development Strategy and Boroughwide Transport Strategy.”
As well as the Northern Gateway, Kingsway Business Park in Rochdale and Stakehill in Rochdale and Oldham are the two other areas involved in Atom Valley.
Greater Manchester mayor Andy Burnham said: “Atom Valley will be the key to unlocking the huge economic potential of Greater Manchester as a world leader in research and innovation.
"The Mayoral Development Zone that we’re proposing will allow us to work better together with Bury, Rochdale and Oldham, national agencies and the private sector to accelerate our plans for the North of the conurbation, and support the kind of sustainable growth that will benefit our people and places.
“To really level up we need to be building an innovative, inclusive economy fit for the future – one that will provide good employment opportunities for people here and be recognised globally for its strengths.
"Atom Valley will be right at the heart of this vision, delivering the world-class infrastructure, the high-quality jobs, and the investment opportunities needed to make this the engine room of Greater Manchester’s next industrial revolution.”
Bury Council, Oldham Council and Rochdale Council and the Greater Manchester Combined Authority (GMCA), are being asked to approve the creation of the MDZ and how it will be coordinated in the coming weeks.
Governance arrangements including the formation of a MDZ Board will be established to ensure the necessary infrastructure and investment is secured to realise the full potential and aspirations of the area.
With a focus on areas of specialisation such as advanced manufacturing, machinery and materials, Atom Valley is set to be a headquarter of innovation, research and collaboration, and a nationally significant inward investment location.
Creating an MDZ is seen as crucial in speeding up the process of levelling up, with the three councils and the GMCA able to put together business plans, work together and attract external funding.
Cllr Neil Emmott, leader of Rochdale Borough Council, said: “Atom Valley will bring many benefits to all parts of our borough through the development of new and better housing with 5,650 homes for the borough, better transport links and space for businesses that will create thousands of jobs for our residents in the technology and innovation sectors.
“The mayoral development zone will boost our long-term plans for Atom Valley, which are being delivered by Rochdale Borough Council and our partner councils for the benefit of the residents of the borough and the wider region.”
Cllr Amanda Chadderton, leader of Oldham Council, added: “We are committed to ensuring plans for regeneration and housing in Oldham continue at pace.
“Atom Valley will increase access to exciting opportunities for our residents including well paid, sustainable jobs and will support the wider regeneration already taking place across the borough.
“We are delighted to be working with our neighbours to unlock investment and build on Oldham’s proud history as a town of innovation.”
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