Developers, Allied London, have unveiled plans to create a new cultural centre on the former Granada Studios site in Spinningfields in the centre of Manchester. Named ‘The Factory Manchester’ after Manchester's Factory Records, it could be open by 2019.

The Factory Manchester will be a large scale, ultra-flexible arts space with standing capacity for 5000 people and the capability to transform into a 2200-seater theatre. It will also become the permanent home of the Manchester International Festival.

In October 2014 the same company revealed plans for the Manchester Grande - a 200-bedroom hotel and entertainment complex in the same area.

More details on The Factory Manchester will be announced in early 2015.