The British government has given key support to the ambitious regeneration project of Old Trafford, which includes the construction of a new stadium for Manchester United. Chancellor Rachel Reeves confirmed this Wednesday that the initiative has official backing from the government, marking a major step forward in its development.

Speaking at an event in Oxfordshire, where she addressed the growth of cities like Oxford and Cambridge, Reeves highlighted the importance of investing in infrastructure across the UK. "We support Andy Burnham's plans, the Mayor of Greater Manchester, for the redevelopment of Old Trafford, which will bring new housing and commercial developments around a new stadium, boosting regeneration and economic growth in the region," she stated.

The project not only envisions building a stadium that aims to become the "Wembley of the North," but it also includes the construction of 5,000 homes and the creation of 48,000 jobs. However, the British government has made it clear that it will not fund the sports infrastructure but will focus on transportation and housing. "We will not allocate funds for the sporting elements, but we will work with local communities to support urban development," explained Economy Minister Jonathan Reynolds.

Despite government support, Manchester United still faces a key challenge: acquiring the Freightliner site adjacent to Old Trafford. This land currently hosts freight train terminals, and relocating them is essential for the project's progress. If unsuccessful, the club would have to either renovate the current stadium or demolish it to build a new structure in its place.

Mayor Andy Burnham expressed excitement about balancing development between East and West Manchester, comparing it to the transformation led by Manchester City in its area. "This project could turn the city into the football capital of the 21st century," he told the BBC.

Meanwhile, Manchester United continues its Premier League campaign at its historic Old Trafford, which will celebrate its 115th anniversary on February 19. The team, led by Rúben Amorim, faces its next challenge this Sunday against Crystal Palace in Matchday 24 of the competition.