A Town Centre Regeneration Fund could see £7.9 million of Towns Deal Funding bring unused premises back to life.
Ipswich Borough Council’s Executive is being asked to approve a proposal to spend a portion of Town’s Deal funding on the diversification of vacant town centre units, with the power to purchase vacant premises.
Under the plans, any spend agreed must make Ipswich town centre more appealing to visitors, increase footfall and boost business confidence.
Councillor Neil MacDonald, Leader of Ipswich Borough Council, says:
“As part of Ipswich Borough Council’s commitment to creating a thriving town centre, we must bring unused properties back to life.
The Town Centre Regeneration Fund is part of the £25 million Town Deal, and a portion of those funds will be used to generate mixed usage opportunities for unoccupied buildings.
By revitalising our town centre, we will increase footfall, create economic growth, and attract investors to our town.”
David Ralph, Chair of the Vision board, adds:
“By reducing the number of vacant properties and encouraging mixed usage, through both residential or commercial use, this project aims to revive, rejuvenate, and increase footfall in Ipswich town centre.
A mix of interventions are proposed to deliver this project, which will support short term wins, whilst we consider the long-term complexities of the UK high street.”
The Executive meeting to discuss this proposal will take place on Tuesday 31 October at 6pm. The agenda and meeting papers can be found on the Ipswich Borough Council website at:
