Exeter has been awarded £5.9million for plans to regenerate five sites – including the Mary Arches and Cathedral and Quay car parks – into ‘innovative’ housing schemes.
Bonhay Meadows, Belle Isle and Exeter Canal Basin have also been earmarked as ‘key strategic’ plots for development as part of the scheme.
They are among projects in Devon and Torbay to be handed a total of more than £8.4million in government cash.
This funding will help kick-start some very innovative housing projects which have been identified for key strategic sites in Exeter…
Exeter City Council has been awarded £5,966,470 for the following sites:
- Cathedral and Quay car park;
- Mary Arches car park;
- Bonhay Meadows;
- Belle Isle;
- Exeter Canal Basin.
Deputy leader Councillor Laura Wright said: “This is excellent news for Exeter.
“This funding will help kick-start some very innovative housing projects which have been identified for key strategic sites in Exeter.
“We need to create more quality homes in the city but, to protect the greenfield ridges surrounding Exeter, we need to prioritise building on previously developed brownfield sites.
“So it is excellent news that the funding is now in place to further progress these important schemes.”
The city council is part of the Devon and Torbay One Public Estate (OPE) Partnership made up of ten local authorities.
The programme aims to deliver initiatives which create economic growth by unlocking land for new homes and jobs – providing opportunities to save on running costs, generate income, or transform services.
Some £7,056,470 has been awarded to the OPE from Brownfield Land Release Funding, and a further £1,360,474 in Self and Custom Build Grant cash.
Devon County Council cabinet member for economic recovery and skills Cllr Rufus Gilbert said: “The Devon and Torbay OPE Partnership has successfully received the full amount of its bid in this latest round of funding, highlighting the benefits of working closely together.
“All of these schemes will regenerate and redevelop sites to open up opportunities for housing and economic growth as we look to ensure a strong recovery right across Devon.”