The regional development agency – SEEDA – have agreed to invest £23m in two major developments in the city.
SEEDA have agreed to earmark the sum for the much needed redevelopment of the Brighton Centre and for transport infrastructure associated with the proposed Community Stadium at Village Way North in East Brighton.
The investment will help to bridge the gap in funding needed to build a brand new convention centre together with a greatly expanded Churchill Square shopping mall and a high quality new hotel aimed at international conference delegates. The replacement of the 30 year old Brighton Centre is the city’s number one economic priority.
The Community Stadium is still awaiting confirmation of planning consent from the new Secretary of State Hazel Blears who is expected to announce her decision on 25th July. This investment will also assist the development of the higher education and research cluster leading to the stadium along the city’s ‘Academic Corridor’.
An investment of public money on this scale from the regional development agency, although still subject to approval by the Department of Trade and Industry, is a testament of considerable faith in the city which has been identified as one of eight Diamonds for Growth & Investment in the region.
SEEDA CEO Pam Alexander also paid tribute to the Brighton & Hove Economic Partnership saying: - “One of SEEDA’s key objectives within the RES is to release the enterprise potential of the creative industries, leisure facilities and the visitor economy on the Coastal South East. These factors are all prevalent in Brighton and Hove and were a major influence in designating the City as one of eight ‘Diamonds for Investment and Growth’ in the RES.
Our support for the Community Stadium in East Brighton, subject to planning decisions, will not only have significant benefits for the local community in terms of infrastructure but will also help to open up other opportunities for investment which will themselves generate further jobs in an area of serious disadvantage, and a gateway to Brighton and Hove. The Brighton & Hove Economic Partnership has been instrumental in bringing together support for these projects across the City.”
Welcoming SEEDA’s funding announcement, Brighton & Hove City Council Leader, Cllr Brian Oxley said: "It is fantastic news that SEEDA has made this decision and endorses the excellent work that the Council team has been doing to progress our vision for the Brighton Centre as a major part of the City’s economic future. We look forward to the decision of the Department of Industry to confirm SEEDA’s approach.”
Click on the link below for a copy of the Brighton & Hove Council report which will be presented to the major Projects sub committee on Tuesday 10th July.
Brighton Centre Report (link to City Council site)
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