Manchester United has announced the location for its proposed 100,000-seater stadium, situated 350 metres from Old Trafford. The venue forms the centrepiece of the Trafford Wharfside masterplan, a 150-hectare regeneration project backed by Trafford Council and regional authorities. The project aims to create 48,000 jobs and 15,000 homes, delivering a projected £7.3 billion annual boost to the UK economy.