Talbot Gateway Development in Blackpool Will Survive
The Talbot Gateway scheme in Blackpool, which would include more than 333,000 sq. ft. of office space once completed, will survive despite the withdrawal of funding from North West Development Agency (NWDA) according to Blackpool Council.
With the NWDA having announced that it would no longer be able to provide the ┬ú23m of funding originally pledged to the project, Blackpool Council will now need to secure additional funding if the project is to come to fruition. Speaking on thebusinessdesk.com, Helen France, Executive Director for Places at Blackpool Council, said:
“The announcement made by the NWDA is as a result of changes introduced by the Coalition Government and in no way reflects on the viability of the Talbot Gateway scheme.
“However, we are looking at alternative methods of supporting the scheme and will be looking to bid to the recently set-up ┬ú1bn Regional Growth Fund,”
“We are confident that the Talbot Gateway scheme will still go ahead and remains an important part of our plans for the redevelopment of Blackpool.”
Estimated at a total cost of ┬ú220m, the Talbot Gateway development hopes to introduce a new civic and cultural centre to Blackpool within a single large-scale site in the North East part of the town. In addition to the office space element of the development the scheme will also include a new public square and council offices.