Neil Tague
The joint venture between Cityheart and Rise Homes is in line for a £21.5m cash injection through the Housing Investment Loans Fund to kickstart the 196-apartment project.
This is the second time the development venture has gone to the Greater Manchester Combined Authority for funding, having sought a £9.3m equity investment for the Stockport project in June.
Approved in 2019, with Cityheart and Rise appointed in March 2020, the development is a private rented sector tower that forms part of the mixed-use Stockport Interchange scheme.
The wider Stockport Interchange project features a renewed bus station and a two-acre public park.
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