York and North Yorkshire MDZs approved
Analysis based on 6 articles · First reported Jun 25, 2026 · Last updated Jul 10, 2026
The MDZ designations are expected to boost local real estate and construction markets by unlocking billions in investment and accelerating housing and commercial development. The £10m fund and coordinated public-private approach may improve investor confidence in the region.
The United Kingdom — York and North Yorkshire Combined Authority has approved the creation of three Mayoral Development Zones (MDZs) in Scarborough, the Selby Growth Zone, and York Central. The zones aim to accelerate regeneration, housing delivery, and job creation by coordinating investment between developers, landowners, and local authorities. An initial £10m MDZ Regeneration Fund has been allocated to support the next phase of development and unlock further government and private investment. The Selby Growth Zone is expected to create over 7,000 jobs, York Central to deliver 2,500 homes and a new business district, and Scarborough to focus on town centre regeneration and thousands of new homes. Key partners include United Kingdom — Homes England, Network Rail, McLaren Property, Lober Real Estate, Keepmoat, Kier Living, Vistry Group, Sanctuary Group, BOCM Pauls, United Kingdom — North Yorkshire Council, and United Kingdom — City of York Council. The proposal was discussed at the Combined Authority cabinet meeting on 2 July 2026.
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