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: £3.6m
Match Funding Contribution: £25.6m
Project Status: Business Case Awaiting Sign Off
Summary of Project
Union Place is located in Worthing, West Sussex. The redevelopment area is currently unused and due to its central location and proximity to the Connaught Theatre and Worthing Museum and Art Gallery, it is a missed opportunity for business development and economic growth.
The Local Growth Fund has been used for land acquisition. Following the purchase, there is potential development for housing, commercial and leisure floor space and as a result jobs.
- 4,760sqm site reclaimed / developed
- 164 jobs
- 15 indirect jobs
- 100 homes
- 5,478sqm commercial floor space constructed