Stefan Borson: Newcastle could get government funding for ‘major’ regeneration project, this is why
Newcastle United have an argument the local council should provide funding to help complete their regeneration project.
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider the plans will bring more money into the city.
Newcastle have been considering their stadium plans over the past few years as they look to either increase the capacity at St James’ Park or build a new facility.
The Telegraph reported on 23 February the north-east giants are moving closer to making a decision, with the potential new stadium on part of Leazes Park boasting a capacity that could rise to 68,000.
The newspaper revealed Eddie Howe’s side have also held conversations with the government about securing public money to help finance a “major” regeneration of the area surrounding their stadium.
How Newcastle could match Man United funding plans
Manchester United announced plans last year to build a 100,000-seater stadium as part of the government’s regeneration of the Old Trafford area.
While no public money will go towards building the stadium itself, funding will be provided to improve the infrastructure in the surrounding area.
Speaking exclusively to Football Insider, Borson discussed whether Newcastle could receive similar benefits to Man United.
“Well, I don't think either of Newcastle or Manchester United will receive government funding for the actual building of the bricks and mortar of the stands,” said Borson.
“I think both will have arguments that the infrastructure around the stadia needs to be paid for by the local council, and that's a legitimate argument.
“These things do bring money to the area and regeneration projects are good for these parts of the cities.”
Why Newcastle could face funding issue
Borson suggested money could potentially be an issue for the local council in supporting Newcastle’s stadium plans.
“I would expect that the council will play ball to some extent, but of course everybody's very tight on cash in the councils these days,” said Borson.
“We'll have to see how much they can get as a contribution. Look, it's right that the infrastructure of a city is paid for by the public and not by the football club.
“It's about getting that balance right between how much of it is for the benefit of the football club versus the benefit of the city as a whole.”