I remember walking around the city centre about a couple of weeks after the bomb, it was scaffold city, from the bottom of market street I couldn't see a single building that wasn't entirely covered in scaffold and plastic sheeting. The bomb didn't demolish any buildings but it did damage a great many buildings, it was the largest bomb ever detonated on the british mainland (including WW2). We had a Tory government at the time who made a big thing about how many millions they were going to spend on rebuilding, but in the end spent almost nothing, all the money came from the EU, much of it Manchester would have got anyway for regeneration.