The Economic Impact of Regenerating Old Trafford
Commissioned by Manchester United
Manchester United is considering several options for the development of their stadium at Old Trafford. As such, there is a need to understand the net socioeconomic benefits that could be generated by a potential new stadium at a local, regional, and national level. The stadium is however, just one part of a wide range of development work to be undertaken in the area.
Consequently, Manchester United, Trafford Metropolitan Borough Council and Greater Manchester Combined Authority wish to understand the scale of economic benefits that could be realised through successfully delivering a potential new stadium and associated masterplan, along with the Trafford Wharfside Masterplan. As such, Manchester United has commissioned Oxford Economics to quantify the combined socio-economic impacts.
Oxford Economics found that:
- Developing a new stadium at Old Trafford and regenerating the local area and Trafford Wharfside could generate £7.3 billion in GDP contributions to the UK economy, supporting nearly 92,000 jobs.
- £5.0 billion of this impact would arise within Greater Manchester, as well as nearly 62,000 of the jobs.
The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Neil McCullough
Director, Cities Consulting
Jamie Charles
Lead Economist, Economic Footprint and Sustainability
Patrick Deshpande
Lead Economist, Cities Consulting
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