Cheltenham’s Golden Valley scheme lands £20m funding bonus
Cheltenham Borough Council says it has secured £20m worth of funding for its Golden Valley Scheme.
The council has signed a memorandum of understanding with the Department for Levelling Up Housing and Communities to secure the funding provisionally allocated to Golden Valley.
The development is centred around GCHQ in the town and the aim is to create a hub of cyber security experts and businesses.
The MOU will be formally ratified and accepted at the council’s cabinet meeting on later this month, paving the way for the council to start drawing down the funding to help deliver the first phase of this unique development – the construction of the National Cyber Innovation Centre.
Gareth Edmundson, chief executive at Cheltenham Borough Council said: “Making progress to secure this funding is excellent news. The Golden Valley Development is moving forward at pace and the £20m Levelling Up Funding helps build on the significant investment already made by the council to deliver this pioneering project and to transform west Cheltenham into an internationally recognised tech and security community with the National Cyber Innovation Centre at its heart.
“The Golden Valley Development will build on our strength as a town and helps to deliver jobs, housing and prosperity to Cheltenham.”
“The Golden Valley Development will build on our strength as a town and helps to deliver jobs, housing and prosperity to Cheltenham.”
Matt Bellshaw, director and head of region at HBD added: “Securing this funding is a significant milestone for Golden Valley. This investment will help us achieve our aim of creating a vibrant and innovative community. We are seeing strong interest across the board in Golden Valley from occupier businesses, including startups and large enterprises, as well as academia. We look forward to working closely with all stakeholders to bring this transformative project to life.”
