Government funding from the final phase of Growth Deal 1 and Growth Deal 2 funds has been allocated to projects across the Coast to Capital region.
A total of £27 million has been allocated in the areas of Housing, Regeneration & Infrastructure; Business, Enterprise & Skills; and Transport. The approved projects are subject to due diligence and final checks and will provide 810 new homes, 2,651 new jobs, 34,762 square metres of Commercial Space and 7,953 square metres of Learning Space.
Projects approved by the Coast to Capital Board include:
- £5 million Crawley College STEM & Digital Centre (Crawley) to develop a new Science Technology and Maths and Digital Skills centre in Crawley, to create a state of the art learning environment.
- £5 million Southern Gateway Development (Chichester) Regeneration of mainly brownfield land site within Chichester town centre.
- £5 million for Pelham Campus Redevelopment (Brighton) to construct a new Centre for Creative and Digital Industries, together with part refurbishment of the Pelham Tower.
- £4.945 million Unlocking Housing in North Tandridge (Tandridge) will help to provide a new fit-for-purpose Community Recycling Centre for the North Tandridge Community, in turn unlocking investment in housing and social infrastructure in North Tandridge.
- £3.5 million Croydon Fiveways (Croydon) will provide improvements at the intersection of two key strategic routes in Croydon to improve traffic congestion, including Fiveways Corner. (subject to outcome of consultation).
- £1.5 million for Ricardo Hybrid Powertrain (Shoreham-by-Sea) to deliver a state of the art four-wheel drive hybrid powertrain rig to enable the research and development of the next generation of electrified powertrain systems and vehicles.
- £1.034 million Regenerate Oxted (Oxted) to revitalise the town-centre through a multi-million pound programme of strategically important projects, working with public and private sector partners.
- £500,000 Bognor Regis Creative Digital Hub (Bognor Regis) will establish new digital infrastructure in the form of a shared and collaborative workspace in currently disused space at Bognor Regis Railway Station.
- £400,000 for Charleston Trust Centenary Project (Lewes) to preserve Charleston's heritage, enhance the Trust's economic and cultural role and expand the site to achieve a sustainable financial future.
- £140,000 Sussex Innovation Centre (Croydon & Falmer) to create more space and enable additional support through redesign of the large reception area at Sussex Innovation centre Falmer and to create a co-working space and meeting area, with Business hub space, within the Number One Croydon building.
Jonathan Sharrock, Coast to Capital Chief Executive said:
“The Local Growth Fund provides major investment opportunities in key growth areas of our region including Digital Infrastructure, Sustainable Transport and High Value Tourism. We are thrilled with the carefully selected projects which will help ensure that the Coast to Capital area stays as one of the top performing regions of the country. We look forward to working closely with our new partners to deliver a range of fantastic outputs, benefiting both businesses and local residents alike.”