The board have previously agreed the £5,692,218m LGF allocation for the Worthing Central Phase 1 Scheme, subject to a full business case submission. This has now been received, and Worthing Borough Council have now split the scheme into two key projects. This report reviews the first project identified as Teville Gate, and the key outputs identified within the business case, comparing it to the original submission. Outputs are delivered pro rata with the Union Place Regeneration business case. The business case is as expected, and it is recommended that a funding agreement can be issued accordingly. Due to the amount of LGF awarded for Growth Deal 3 projects, each project was allocated 60.5% LGF from their original application.
Delivery Body: Worthing Borough Council
Coast to Capital LGF Allocation: £2m
Match Funding Contribution: £78m
Project Status: Delivering
Summary of Project
This project is for the Teville Gate, multi-storey car park and surrounding unused buildings to be demolished in favour of new homes, commercial and retail floorspace, a new, modern car park and improved public areas. These works will create jobs and improve connectivity between Worthing railway station and the town centre.
The Local Growth Funds awarded to the project will fund surveys, construction works and consultancy fees.
- 493 jobs
- 10,150sqm of commercial floor space constructed
- 375 homes