Oldham Council leader Arooj Shah described the plan as “a game-changer for boroughs like Oldham”.
Oldham would be part of a north east growth corridor, with an area called Atom Valley located in Oldham, Bury and Rochdale, so called due to its focus on boosting scientific research and development.
It is set to create thousands of jobs, “putting Oldham on the map as a hub for innovation and advanced manufacturing” Shah added.
Burnham said Greater Manchester was “already bucking all the national economic trends”, with growth and productivity above UK average.
The plan by the Greater Manchester Combined Authority would “deliver urban regeneration at a pace and scale not seen before in my lifetime” and create tens of thousands of homes and jobs, he added.
The Western Gateway Growth Location includes the Old Trafford Regeneration Scheme, with plans to create new housing, commercial and public space around a new 100,000-seater stadium or a refurbished 87,000-capacity ground.
Each of the locations has land earmarked for the creation of new housing and employment sites.
