Plans for new arena given green light

• Manchester City Council gives go-ahead for Oak View Group’s plans for a new 23,500 capacity venue at the Etihad Campus
• Arena will bring £350million private investment to Manchester and create thousands of jobs for local people
• Manchester chosen for new arena site due to iconic music, entertainment and sporting culture and the opportunity for a new world-class facility to attract events the city is currently missing out on
• Independent research shows potential for an additional 2.05million annual arena visits, resulting in £95m extra spending in the city centre
• OVG’s arena has sustainability at its heart and will support Manchester’s net zero 2038 mission

Oak View Group’s plans to develop a state-of-the-art arena in East Manchester have been given the green light by Manchester City Council today. The arena, which will have a maximum capacity of 23,500, making it the UK’s largest, will bring £350million of private investment to the city.

Following final confirmation from national planning authorities, OVG plans to begin work as early as November, bringing 3,350 jobs during a three-year construction phase. The arena will create a further 1,000 jobs when the arena opens, which is projected to happen in 2023. OVG has committed to pay all employees at least the Manchester Living Wage and will prioritise hiring local people.

Manchester has historically been a world-leader for entertainment, with an iconic reputation for music, sport and culture, but in recent years it has missed out on some of the world’s greatest events and is losing market share to other UK cities as they surged ahead with ambitious plans for new arenas. OVG has demonstrated that demand is there in the regional catchment to put Manchester back at the forefront of live entertainment. As part of the planning application, OVG commissioned independent research that indicated the arena will drive up to £1.5bn extra activity in the city’s economy. Further research showed that Manchester’s live entertainment market has the potential for an extra 2.05million visitors by 2035.

Manchester city centre is predicted to receive £95m of the total audience spend of £165m by visitors to the two arenas. Restaurants and bars in the city centre will experience an uplift of £25m from the operation of two arenas, with retail outlets capturing a £28m increase. Hotels and overnight accommodation in the city centre will benefit from £35m extra spending. All of this represents a doubling of the expenditure by arena audiences for city centre businesses. Proposals for the new venue at a site on the Etihad Campus were submitted in March following in-depth consultation with the local community. The final plans were shaped by community feedback and since then the project has received support from a wide cross section of local stakeholders including local companies, MPs, ward councillors and a range of city centre businesses.

Tim Leiweke, OVG’s co-founder and Chief Executive, said: “We’re delighted that Manchester City Council has given our proposals the go-ahead, and we can’t wait to get started, bringing a £350million private investment, creating thousands of jobs, and delivering one of the world’s best arenas to this amazing city”.

“I want to say a huge thank you to the community for taking the time to listen to what we had to say and providing feedback that ensured this arena is of Manchester, for Manchester and by Manchester.”

Councillor Pat Karney, City Centre Spokesperson, said: "Today’s decision is about confidence in our city, Greater Manchester and the North West. It is about new employment and training opportunities for thousands across East Manchester and beyond at a time when they are badly needed. The city centre, our communities and the wider city will be strengthened by our newest neighbour - Oak View Group Manchester. This is the next chapter in East Manchester's regeneration."

The new arena will be a best-in-class sustainable venue, with renewable energy, energy efficiency, and low carbon technologies integral to the design. During operation, the venue will benefit from the excellent existing transport links to the Etihad Campus. OVG has committed to investing in improving walking and cycling routes, as well as funding an expanded Controlled Parking Zone to minimise disruption for local residents. Construction of the venue is anticipated to begin in November, with events projected to commence in 2023.

Contact

Ben Tipple, Co-op Live - press@cooplive.com

About Co-op Live

Oak View Group (OVG), City Football Group (CFG), Harry Styles, and Co-op are joining forces to create Co-op Live, the biggest and best arena in the UK. Based in Manchester, the project is injecting £350m of private investment into the North West.

Co-op Live will be one of the world’s premier music and entertainment venues, rivalling New York’s Madison Square Garden, The Forum in LA and The O2 in London and is due to open in 2023. World class, planet friendly and at the heart of the local community, Co-op Live will deliver one of the world’s most pioneering, sustainable, and socially responsible venues, delivering Co-op’s vision of a fairer world into the entertainment industry. The project will create 3,350 constructions jobs and 1,000 roles and apprenticeships on completion of the venue as well as giving over £1m back to national and local good causes.

Co-op Live will be located on the Etihad Campus, and will host live music, sport, comedy, award shows and family entertainment. Co-op Live’s smart ‘bowl’ design means it is big but intimate with cutting edge visual technology, incredible acoustics and 32 bars, restaurants, lounges and club spaces.

The construction project, the single-largest in the city, will give the regional economy a much-needed boost following the devastating impacts of the Covid pandemic and will boost the local economy by over £1.5bn over the next 20 years. From locally sourced construction materials to zero waste to landfill, solar panels and rainwater harvesting, Co-op Live will be doing more to use less and leave better.

About Oak View Group

Oak View Group (OVG) is a global sports and entertainment company founded by Tim Leiweke and Irving Azoff in 2015. OVG is focused on being a positive disruption to business as usual in the sports and live entertainment industry and currently has eight divisions across global offices (Los Angeles, New York, Seattle, Philadelphia, and London).