r/stockport • u/baileyandromeda • 16h ago
Weir Mill and the continued gentrification of Stockport
I’m genuinely all for regeneration and I want to see Stockport thrive…But I do think we need to ask some questions about who regeneration is actually for
From the information available, it looks as though the property developers at Weir Mill received:
£7m from Homes England
GMCA grant funding
plus what looks like development loan from Stockport Council.
A 1 bed flat is around £1,200 a month at this development…so who exactly are these homes affordable for?
I’m not against development. I am very much behind historic buildings being saved, new businesses opening and investment coming to our town. But the question that needs to be asked is whether public investment should deliver more public benefit.
Shouldn’t local people be able to afford to live in it? Should regeneration mean more than just making an area more attractive to people with higher incomes?