Investment received for Nuneaton brownfield development
A former gasworks development in Nuneaton has received a £775,000 investment from the West Midlands Combined Authority (WMCA).
The site in Abbey Street is to be regenerated into two phases, the first being a 145-bedroom hotel, creating 30 jobs. The second phase will see a cinema, offices, homes and a public plaza being built.
The site needs to be demolished and cleaned up so work can begin on the £30m phase one, and the WMCA investment will help cover the cost for the initial work.
Andy Street, the Mayor of the West Midlands and chair of the WMCA, said: “The future of the high street will not be just about retail it will also be about public services, small businesses, community activities and homes. That’s why I’m so pleased the WMCA has been able to support this exciting scheme in Nuneaton town centre.
“This is yet another example of the brownfield investments we have continued to make throughout the pandemic to help drive our region’s economic recovery and provide affordable homes and good quality jobs for local people.”
WMCA’s brownfield regeneration programme is transforming hundreds of acres of former industrial sites into affordable, high-quality homes and modem premises.
The Abbey Street development is part of Nuneaton and Bedworth Borough Council’s extensive Transforming Nuneaton programme of works. In addition to the planned hotel the wider site is also earmarked for leisure buildings, a food hall, college facility and a multi-storey car park.
Nuneaton and Bedworth Borough Council leader Cllr Kristofer Wilson explained: “Nuneaton and Bedworth Borough Council is working hard to build on every opportunity we can find to strengthen our offer for the rest of the region and the UK. Our borough’s location at the heart of the country is a critical factor to the contribution we can make.
“This vital funding from the WMCA will ensure that Nuneaton town centre is ready to play its part to the full in the economic powerhouse that is the West Midlands.”