A public consultation on plans for the regeneration of Manchester's Medieval Quarter, the wider area which the memorial sits within, was held in May and June this year and found there was significant public support for the project.
Subject to the planning application being approved, the memorial will be located between Manchester Cathedral and Chetham's School of Music, at the foot of Fennel Street where it meets Victoria Street.
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It is intended that construction work on the memorial will begin in early 2021 with completion due in autumn 2021.
Designers BCA Landscape and Smiling Wolf were appointed last year, in consultation with the families of those killed.
At the heart of the memorial is a white stone ring 'halo' which will bear the names of the 22 who lost their lives set in bronze, with personalised memory capsules - containing memories and mementos to be provided by their loved ones- held within the stone.
Plans have also taken into account positive suggestions from a number of consultees. This has resulted in the addition of a new outer circle path around the memorial and more seating.
Sir Richard Leese, Leader of Manchester City Council, said: "Manchester will never forget those who lost their lives on 22 May 2017 and everyone so deeply affected by the terrible events that night.
"This memorial promises to be a beautiful tribute to them, a place for remembrance and reflection and a lasting part of the fabric of our city."
