Stockport Metropolitan Borough Council has embarked on an ambitious regeneration scheme, known as Future Stockport. The plan is to bring more than 3000 residents into the centre of the town, and revitalise its residential property and retail markets in a similar fashion to the nearby city of Manchester. Many ex-industrial areas around the town's core will be brought back into productive use as mixed-use residential and commercial developments. Property development company FreshStart Living has been involved in redeveloping a former mill building in the town centre, St Thomas Place. The company plan to transform the mill into 51 residential apartments as part of the regeneration of Stockport.