£50m rescue loan to keep Manchester’s tallest tower on track

Manchester’s bid to build the tallest tower outside London has been rescued after the Greater Manchester Combined Authority stepped in with a £50m funding package to bridge a viability gap on the landmark scheme.
The GMCA is reported to have approved the huge loan from its Good Growth Fund to unlock delivery of developer Salboy’s Viadux Phase 2 development, paving the way for the 76-storey Nobu Manchester tower and a separate affordable housing block.
Planning approval for the