A "once in a generation opportunity" for the £4.2bn redevelopment of Manchester United 's Old Trafford stadium has been backed by council bosses.

The chancellor is expected to back a controversial expansion of Heathrow's Airport during her major speech on Wednesday morning. | ITV National News

Manchester United chief executive Omar Berrada says creating a "landmark project around Old Trafford" is a "once-in-a-lifetime opportunity" after the announcement of Government support for a project to regenerate the area around the stadium.

Trafford Council is advertising for what it describes as “a top-class consultant team” to help it develop the masterplan of the Trafford Wharfside area which include a potential new stadium for Manchester United.

Chancellor Rachel Reeves will today unveil a raft of policies aimed at economic growth, including an expected expansion of Heathrow Airport.

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Manchester United has received support from the British government for the club’s project to regenerate the area around its Old Trafford stadium.

Manchester United have received a major boost in plans for the redevelopment of Old Trafford with UK Chancellor Rachel Reeves throwing her support behind the project. Reeves says United’s ambition to create a community hub around the stadium is a “shining example of the bold pro-development model that will drive growth across the region” — in a sign the government is ready to help enable some form of financial backing.

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At the end of the season, Manchester United will decide whether to build a new stadium with a capacity of 100,000, called “the Wembley of the North”, or renovate the current stadium to accommodate 87,000 people. It is likely to take six years and cost more than £2 billion to construct a new stadium on the nearby site.