Salford approves PFI plan
The council’s planning committee has now rubber-stamped that decision, giving the green light to the £430m redevelopment plan.
Under the deal, SP+ will deliver 2,100 units of housing, including 460 units designated as affordable housing for rent.
However, sources close to the deal have suggested debt finance could be difficult to raise, as foreign providers have reservations about the merger of consortium member Keepmoat with Apollo earlier in the year.
For more information on the project, click here.