Construction projects in Plymouth to get major £7 million funding boost
The investment is set to create or protect more than 80 jobs or apprenticeships
Plymouth has secured a major £7 million funding boost.
The money is going to be pumped into new construction projects, to help the city's economic recovery.
The projects - that have been chosen after a robust selection process - will support employment, regeneration, skills and innovation in the region.
The Heart of the South West Local Enterprise Partnership has announced it will be allocated money from the government’s Getting Building Fund.
Working in partnership with Plymouth City Council and local businesses, it is expected that this investment will create or safeguard more than 80 jobs or apprenticeships.
"This is a major shot in the arm for Plymouth’s economy and will make a significant contribution to our recovery from the pandemic. We put forward business cases for a number of exciting shovel-ready projects and I’m excited that they will now have lift off in the near future.
"Through Resurgam we want to deliver economic recovery and growth for Plymouth by improving the city’s infrastructure, reducing carbon emissions and saving or creating jobs for local people. Frankly, construction can’t start soon enough and we expect workers to be on-site this spring."
Councillor Tudor Evans - Leader of Plymouth City Council
The projects given the green light by today’s funding announcement are:
- An additional £4.17 million for Phase 2 of Brunel Plaza/train station concourse development. The city has ambitious plans to transform the station, which has not seen significant investment in decades, by creating a thriving new plaza with operational staff accommodation. A series of phased developments is planned which will also modernise and refresh the concourse including new shops in the station, more self-service ticket banks and a new waiting area. Phase 2 of these ambitious plans will create more than 60 new jobs.
- Around £2 million will be spent on two of the city’s business parks. Up to 10 low carbon, flexible workspaces will be created at Plymouth International, while a former computer complex at the City Business Park in Stoke will be demolished and groundworks undertaken to develop a viable site for future construction. Overall, more than 1,745 square metres of flexible workspace will be built with up to 80 jobs or apprenticeships created or safeguarded (including additional construction jobs), and an estimated 8.8kgs of CO2 emissions avoided per annum.
- £300,000 will be spend on helping make around 630 homes around the city more energy efficient. The households selected will be in fuel poverty meaning they spend a greater than average proportion of their income on energy bills. Measures will vary by household but typically include loft and underfloor insulation, new boilers and storage heaters and cavity wall insulation. This investment aims to result in 500 tonnes of CO2 saved annually and reductions of £270 on yearly energy bills. The project is also expected to give a £1m boost to local small businesses.
- £350,000 to invest in state-of-the-art third generation technology to create the largest Augmented Reality welding training lab in Europe at City College Plymouth. This will showcase the Heart of the South West LEP region as a world-leader in adopting disruptive technology to improve productivity and results in the welding sector, and attracting a much-needed new generation to welding through gamification and innovation.