Torquay will submit detailed business cases to unlock the first instalment of an incredible £21.9m investment from the Towns Fund to drive economic regeneration in the town.
The first three projects have been endorsed by Torquay’s Town Board with Torbay Council confirming that they are ready for submission this week. The projects will now be presented to Government officials for signing off which will allow these projects to begin delivery later this year. Edginswell Rail Station, Harbour Public Realm and Stronger Future are the three projects ready for submission.
The projects will provide a better mix of uses, creating an improved experience and greater footfall in the town centre, support growth in public transport and are expected to attract additional private sector investment into the town. The Stronger Future project is aimed at raising skills levels and using Torquay’s cultural assets to inspire events as part of a wider programme of activity that will deliver a high-quality economy in Torquay.
Councillor Darren Cowell, Deputy Leader of Torbay Council, said: “These projects will all make a significant contribution towards the objectives of Torquay’s investment plan. Together, with partners, our aim is to deliver a high quality, vibrant town centre, a better connected and more accessible town, and a high-quality economy. The projects will deliver a range of benefits which are expected to include increased footfall and visitors in the town centre, improved journey times and access into and around Torbay, an improved cultural and tourism offer, higher skill levels and more jobs.”
Councillor Swithin Long, Cabinet Member for Economic Regeneration, Tourism and Housing, said; “The objectives set out in these projects will help us to deliver our ambitious plans by supporting delivery of a thriving economy. It also aligns with local community plans, and in doing so addresses the challenges of poverty and deprivation in Torquay. The Stronger Future project will support the development of new events for Torquay, which will capitalise on Torquay’s cultural assets to help local people engage more with cultural activity and attract visitors. With skills support, the project will help people get into employment and progress in key local sectors including construction, hospitality and electronics and photonics.”
The Towns Fund provides Torquay with a once in a generation opportunity to bring about significant change with a focus on the town centre.
Vince Flower, Chairman of the Town Board, said: “The Town Deal helps us capitalise on the recent private investment in Torbay and to really make a difference to the town and community we serve. Delivering the Town Investment Plan is crucial to bringing in much needed funding and investment into Torbay, and with the impact of COVID-19 the need for this is now even more critical than ever. The projects in the place have been chosen for their impact in the short and medium term and their ability to be brought forward at pace. I’m grateful to the Town Board for their enthusiasm and commitment and the local community for their ongoing support which has helped shape the plans.”
To find out more about the Torquay Towns Fund visit: www.torbay.gov.uk/torquay-towns-fund
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