The Eastlands Development Partnership, which also involves regeneration company New East Manchester, will hold around 200-acres of land surrounding City of Manchester Stadium.

Preparatory work and land remediation is already underway at the Openshaw West site near the stadium. Manchester City’s billionaire Abu Dhabi owner, Sheikh Mansour, has bought the land to make way for a cluster of community pitches and sporting facilities.

Educational, recreational and swimming facilities are hoped to be brought forward later under the Eastlands Community Sports Plan.

Proposals, which will go out to public consultation, are outlined in a new framework document setting out a 15-year vision for the area.

Scheme highlighted include a new bridge to connect the site to the City of Manchester stadium, offices and a ‘Velopark’ – incorporating the Velodrome, the BMX centre and off-road cyclo-cross biking track at Clayton Vale.

Simon Bate, chairman of New East Manchester, said: “This is the latest milestone in the regeneration journey that East Manchester has been on for the past 15 years.

“We have already seen how the area has gone from having no economic future to one where public and private partners together have stabilised the area and put in place a proposal for economic growth.

“We now have a long-term plan which will act as a platform for our priorities and actions over the coming years.”