Green light for two key Blackpool regeneration projects | TheBusinessDesk.com

Green light for two key Blackpool regeneration projects | TheBusinessDesk.com

Green light for two key Blackpool regeneration projects
Blackpool has been given the go-ahead to start work on two key projects that will help rejuvenate the town centre and create around 225 jobs.
After successfully being allocated £8.6m of funding for two ‘shovel ready’ regeneration projects from the Government’s COVID-19 Getting Building Fund, the town has been given formal approval by the Lancashire Enterprise Partnership (LEP) to proceed with the schemes.
The two projects, Houndshill Shopping Centre phase two and the regeneration of Abingdon Street Market, were the subject of detailed appraisal prior to being presented to the LEP board for approval.
This process confirmed that the projects met all the required criteria offering robust timelines that will generate new development activity in the next 18 months, assuring fast deliverability and creation of jobs.
The Getting Building Fund is in response to the economic crisis caused by COVID-19.
Robert Jenrick, Secretary of State for Housing Communities and Local Government (MHCLG) invited the LEP as part of a UK-wide Government initiative, to put forward ideas for accelerating existing Government-funded capital projects within local growth programmes, to generate new development activity within 18 months, to help create jobs and raise overall demand in the economy.
Cllr Lynn Williams, leader of Blackpool Council, said: “Lancashire Enterprise Partnership was looking for individual projects that were able to offer fast deliverability and the creation of jobs and we’re confident that the two Blackpool projects fulfil the brief.
“Houndshill Phase 2 Development and the regeneration of Abingdon Street Market are both projects that we were seeking funding for through our Future High Streets Fund bid and so we are delighted that we can now accelerate the delivery of these two projects and bring new jobs and opportunities into the town centre ...
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