£20m bid to demolish Broadmarsh shopping centre turned down
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Nottingham City Council has missed out on the £40m it bid for to help demolish the Broadmarsh shopping centre and bring forward the next phase of the Island Quarter scheme.
The council submitted a bid to the Governmemt’s Levelling Up Fund, asking for £20m towards the next phase of preparing the Broadmarsh shopping centre site for complete redevelopment. The former mall is currently partially demolished. But the bid was turned down and didn’t make it into yesterday’s Budget announcement by Chancellor Rishu Sunak.
Nottingham City Council was successful in its £18 bid for citywide transport improvements.
The failure to secure the cash will leave the future of the site, an eyesore in an area undergoing significant redevelopment, uncertain. The Council has admitted it doesn’t have the cash to complete the demolition itself.
City council leader, councillor David Mellen, said: “We welcome of course the £18m that Nottingham will receive thanks to our successful bid for this amount to carry out a range of transport improvements around the city.
“However, we are bitterly disappointed that our bids for the Broadmarsh and Island Quarter sites were not successful. These are two of the UK’s largest regeneration sites and can play a hugely significant role in Nottingham’s post-pandemic growth.
“They would seem to be obvious candidates for Government funding that aims to help level up areas which have too often been overlooked for financial support.
“We will look towards submitting fresh bids for these sites for the next round of Levelling Up funding next spring, as we firmly believe they are too important for Government to ignore.”