Conceptual images and scaled models of what the new stadium and surrounding area could look like were unveiled on Tuesday by Foster + Partners, the architecture group appointed to design the stadium district. These will provide a masterplan for more detailed feasibility, consultation, design and planning work as the project enters a new phase.

Sir Jim Ratcliffe, co-owner of Manchester United, said: “Today marks the start of an incredibly exciting journey to the delivery of what will be the world’s greatest football stadium, at the centre of a regenerated Old Trafford.

“Our current stadium has served us brilliantly for the past 115 years, but it has fallen behind the best arenas in world sport. By building next to the existing site, we will be able to preserve the essence of Old Trafford, while creating a truly state-of-the-art stadium that transforms the fan experience, only footsteps from our historic home.

“Just as important is the opportunity for a new stadium to be the catalyst for social and economic renewal of the Old Trafford area, creating jobs and investment, not just during the construction phase, but on a lasting basis when the stadium district is complete.

“The government has identified infrastructure investment as a strategic priority, particularly in the north of England, and we are proud to be supporting that mission with this project of national, as well as local, significance.”

Omar Berrada, chief executive of Manchester United, said: “Our long-term objective as a club is to have the world’s best football team playing in the world’s best stadium. We are grateful for the feasibility work done by the Old Trafford Regeneration Task Force exploring options for the future of Old Trafford.

“We have carefully considered its findings, together with the views of thousands of fans and local residents and concluded that a new stadium is the right way forward for Manchester United and our surrounding community. We will now embark on further consultation to ensure that fans and residents continue to be heard as we move towards final decisions.”

Lord Norman Foster, founder and executive chairman, Foster + Partners, said: “This has to be one of the most exciting projects in the world today, with incredible regional and national significance. It all starts with the fans’ experience, bringing them closer than ever to the pitch and acoustically cultivating a huge roar.

“The stadium is contained by a vast umbrella, harvesting energy and rainwater, and sheltering a new public plaza that is twice the size of Trafalgar Square. The outward-looking stadium will be the beating heart of a new sustainable district, which is completely walkable, served by public transport, and endowed by nature. It is a mixed-use miniature city of the future – driving a new wave of growth and creating a global destination that Mancunians can be proud of.”

Jim Ratcliffe added: “I think a really good example is the Eiffel Tower. Everyone around the world knows the Eiffel Tower: you go to Paris, you stay in Paris, you spend money. We have 1 billion people around the world who follow Manchester United. I think everybody in the world who’s interested in football will want to visit Old Trafford.

“The north of England has won 10 Champions League medals, and London has won two, but London’s got Wembley, Twickenham, Wimbledon and the Olympic Village. I think the north of England deserves to have a stadium where England can play football, where we can hold a Champions League final. If the government really gets behind this regeneration scheme then, with Norman Foster’s vision, in my view the greatest architect in the world, we will build an iconic football stadium.”

And despite a project of this size normally taking about 10 years to complete, the club think they can halve the building time by making full use of the Manchester ship canal.

“Normally, if you were building a 100,000-seater stadium from the ground up, in an area that needs to be regenerated, it’s a 10-year project. But if we get going with the government then I think it’s a five-year project, not a 10-year project,” said Ratcliffe.

Visuals courtesy of Foster + Partners