Business and Economy
Partnership awarded over £500,000 to develop plans for growth
Posted on: 14 February 2019
More than £500,000 has today been awarded to help develop plans for new homes and stimulate economic growth in Exeter.
The Devon and Torbay One Public Estate (OPE) Partnership, a partnership of local authorities, emergency services and NHS in the county, has received the £505,000 allocation from the Government’s OPE programme. The programme is a joint initiative between the Cabinet Office, the Ministry of Housing, Communities & Local Government and the Local Government Association.
Funding will go towards planning the regeneration of land around Exeter St David’s Station – called the “Red Cow urban village”. Funding will also aim to attract private investment towards infrastructure works and housing development in the city.
Councillor Rufus Gilbert, Devon County Council Cabinet Member for Economy and Skills, said: “St David’s is an important gateway to Exeter so this funding is welcome to help kickstart proposals to develop new homes and improve public space in this part of the city.”
Councillor Rachel Sutton, Exeter City Council’s Lead Councillor for Economy: “This is great news for Exeter. This money will go a long way towards exploring possibilities of how this land can be transformed and provide much needed homes for the people of Exeter.”
The project in Exeter is one of more than 100 development sites across England brought forward through a £15 million injection from the government initiative.
The Minister for Implementation, Oliver Dowden, said: “Making sure we get the best use out of publicly owned land is vital both for the regeneration of our towns and cities and also to make sure that people have the best possible access to the services they need. This programme shows that when we work smarter, with public authorities coming together, taxpayers get the best value for money, new jobs are created and space is freed up for the development of vitally needed new homes.”
Since its launch in 2013, the One Public Estate programme has created 5,745 new jobs and released land for the development of 3,336 new homes nationwide.Posted in: Business and Economy