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Latest News

Torbay's time is now

20th September 2017

Categories: Latest News

Later this month, proposals for important council owned sites will be tabled for a decision as part of the Town Centres Regeneration Programme. These sites which include Harbour View, Paignton Harbour and others are sites which the council want to see delivered to demonstrate that there is investor interest in Torbay.

Earlier in the year the council determined that it would invest at Upton Place, which is the Town Hall car park in Torquay, to build student accommodation for over 300 students at the front of the site, supporting our education sector, increasing footfall into the town, supporting our existing businesses but also providing retailers with a market segment they may not have been aware existed. Weird Fish, Waterstones, Revolution, That’s Entertainment along with other independent retailers have more recently invested in new stores within the town. Others are considering the opportunity to do the same.

Now the council will be asked to consider further investment in developments which will create employment and support the delivery of schemes which improve the quality of our town centres.

The council will also be asked to consider investment in important public realm improvements to create a better experience for residents and visitors, encouraging greater footfall into our town centres and in turn more investment and more opportunities for the local community.

These priority sites are making better use of assets and enabling the regeneration of our town centres helping to make them the places we want them to be.  And, importantly, this will encourage additional private investment and provide confidence to retailers that our town centres provide the opportunities that they seek. And, of course, why wouldn’t they?

Resident and visitors want to see regeneration and investment into the town centres but so do our businesses, if they are to re-invest, creating local jobs, expand their premises and enter new export markets. This is true for both indigenous and foreign owned businesses. This year already, Torbay will be reporting 8 further re-investments and one completely new investment by foreign owned companies, providing millions of pounds of investment and new jobs. So it seems that we are all on the same side, all working to increase investment into Torbay.

So keep the message loud and clear and especially to retailers, that Torbay’s time is now!

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