Crescent Innovation North will bring forward up to 933 new homes, as well as 1.7m sq ft of  commercial and academic space.

Julian Stott, Development Director at ECF, said: The vision for Crescent is unique and we’re working hard for the people of Salford to turn that vision into reality.”

“People make place and Crescent Innovation North, as an important stage of major regeneration, will connect communities across the city to opportunities to enable them to thrive and prosper.”

Construction is hoped to begin before the end of this year and will run for 10 years.

The Crescent masterplan ultimately aims to deliver over 3,000 homes, more than 1m sq ft of space to innovate and collaborate, alongside 1m sq ft of offices, retail, leisure, a new multi-modal transport hub with active travel at its heart, set within vast areas of green space.

In May, ECF and the university submitted a planning application for a new development of 100 high-quality, affordable, sustainable, one and two-bedroomed Passivhaus apartments within a part five and part six storey building, on Peru Street in the heart of the city.

ECF is our strategic joint venture with Legal & General, one of the UK’s leading financial services groups and major global investor, and the government’s housing and regeneration agency, Homes England. The partnership was set up in 2001 to transform urban areas and create exceptional new places.