Date issued: 27 October 2021
Colchester Borough Council has welcomed the Government’s backing of its £2.3m Estate Regeneration Fund bid for Greenstead.
The funding, announced by the Chancellor, Rishi Sunak, today (Wednesday) as part of the Autumn Statement, will be used to support the development of a dynamic project enhancing Greenstead as part of the Town Deal.
The scheme, which if agreed, would combine the development of 103 new and 36 refurbished high-quality houses (many of which will be affordable housing), an expanded community hub and attractive public space. The development will be built to Liveable Neighbourhood principles, making walking and cycling choices easier and safer and also includes a bike loan scheme.
Located in the centre of the Greenstead community (Tamarisk Way), there will be more effective and regular public services, including community and health, employment skills and enterprise infrastructure.
Cllr Paul Dundas, Leader of the Council, said: “This is absolutely tremendous news for the residents of Greenstead as it will help us drive forward the plans through the Town Deal to help enhance their quality of life.
“This funding announced by the Chancellor today will bolster the money already set aside through the major investment we have received through the Town Deal to help us make the real improvements needed in the area. With the £18.2 million already secured through the Town Deal, this is yet another great example of Colchester Borough Council successfully bidding for money to help deliver better outcomes for our residents.
“While there is still much to do on this project the announcement is a clear marker of the Government’s support for the work we are doing to enhance Colchester now and for the future.”
Colchester received the £18.2 million through the Government’s Town Deal in March this year, plus a further £1m award for two ‘accelerated’ schemes, after being chosen as one of the 101 towns across the country that could apply for up to £25 million from the fund.
Page last reviewed: 27 October 2021