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Town Centre Regeneration – spread the good news

18th October 2017

Categories: Latest News

This is my ‘maiden voyage’ on one of these articles.  I want to use it to highlight how much the Council and TDA are doing to deliver town centre regeneration, in all three towns in Torbay.  But, even more importantly, I want communities, business leaders, local developers, existing investors in Torbay to share the good news, to talk up Torbay, to be positive about the place.

The message from the Council is very clear – we’re getting on with town centre regeneration.  That delivery focus is supported by businesses, as they recognise the time for talking is over; the time for action is now. 

The Transformation Strategy for Torbay’s Town Centres, which was approved by Council in April this year, is based on what businesses and residents across Torbay have said they want to see happen and what we know investors are keen to see.  So, all the masterplanning that took place a couple of years ago was the time for talking and has given us a very good base to work from.

Council and TDA work is now focused on two key areas of work.  Firstly, the ten projects making up Phase 1 of the town centres regeneration programme. Secondly, preparing the ground for delivery of major regeneration projects as Phase 2 of the programme. 

Phase 1 projects focus on Council owned land.  The Council has been very clear – it wants to direct deliver these projects wherever possible.  So the Council will secure an occupier, prudentially borrow money, design and build the development and let the building to the occupier.  The Council has delivered successful projects, on time and on budget, in the past – for example the Fish Market at Brixham – and can do so again.  Importantly, this approach also brings pace and scale to regeneration.  The Council does not have to wait for third party developers to deliver.  That’s a major advantage to the Council. 

The Council has already agreed to borrow £14.2m to design and build student accommodation at Upton Place, to meet the needs of a local, important education provider.  This week the Council is being asked to agree a further £25m to deliver at least five more projects, as part of the estimated £130m work to deliver the first phase of regeneration. 

Market testing, by the Council, has shown that delivery of phase 1 projects will provide much more confidence to investors and developers – confidence that gets cranes on the skyline.

So, the Council is backing – with significant resources – the town centre regeneration programme that businesses and residents have said they want to see.  This is building investor and developer confidence, bringing momentum to delivery and securing much better town centres, as part of Torbay’s growth.  TDA is working closely with investors, developers, existing businesses and retailers, continuing to raise the profile of Torbay, to showcase some great opportunities, to secure investment.

Your help is needed.  Spread the good news, talk up Torbay, let people know it’s a great place to be, with lots of opportunities and that now is the time for Torbay.

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