FINAL FUNDING ARRIVES READY FOR TOWN CENTRE REGENERATION

Work is ready to start on the multi-million pound regeneration project bringing homes, shops and businesses to Newcastle town centre.

With the final scheduled block of funding in place from Homes England, Newcastle-under-Lyme Borough Council’s once-in-a-generation plan to change the town centre by regenerating the Ryecroft, Astley Place and the Midway can begin.

Project planning with social impact developers Capital&Centric is already far advanced, with planning permission in place, and the arrival of £19 million from Homes England is the final part of the public-private financial package put together by the Council to underpin the work.

Simon Tagg, Leader of Newcastle-under-Lyme Borough Council, said: “These three projects will change the face of Newcastle town centre, and I’m delighted that the final part of our funding has arrived as planned.

“There will be hundreds more people living in the heart of the town providing opportunities for new and existing businesses, while the reshaping of York Place and creation of public space there will link the Ryecroft to the High Street and market area.

“Add the plans for the McCarthy Stone housing and the music space at the Old Bull’s Head and this is a most exciting time to be in Newcastle.”

John Moffat, Joint Managing Director of Capital&Centric, said: “This is a major statement of intent by Homes England and Newcastle-under-Lyme Borough Council.

“It will enable us to deliver the regeneration that Newcastle-under-Lyme deserves. We are breaking new ground by doing something no one else has attempted before: taking a shopping centre and a car park and turning them into new homes.