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Projects

Colchester Grow on Space

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Approval Status

 

Fully approved 

Delivery Status

 

Design in progress

Expected completion date

 

Summer 2022

Colchester Borough Council seeks SELEP Local Growth Fund investment to support business growth and creation through the building of a new Grow on Space for the Creative and Digital Sector in the former Queen Street bus garage in Colchester Town Centre. This will deliver 698 sqm (7,513 sq. ft.) net lettable internal area high-quality workspace (601 sqm or 6,469 sq. ft. of which is the Grow-on space); satisfying recognised unmet demand and market failure in Colchester.

Project aim: To transform a dilapidated town centre former bus garage into high quality grow-on space specifically for the Creative & Digital Sector. Located within the St Botolph’s Quarter regeneration area, and adjacent to the successful 37 Queen Street creative business centre, it would increase capacity and opportunities across 3,500 local businesses in the sector (whom represent the highest growth rate and number of start-ups in the region).

Funding approval

The project was considered by the Accountability Board on 12th February 2021 and the decision was made to approve the award of LGF funding to the project, subject to the following funding conditions being met. It has now been confirmed at the Strategic Board on 19 March 2021 that all conditions have been met and funding can be drawn down.

 

Capital Programme Delivery Update

Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.

SELEP Capital Investment Programme

£579m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock

In total the SELEP Growth Deal with Government has brought £579m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock. Over the lifetime of the Growth Deal (2015-2021) we aim to deliver 78,000 jobs and 29,000 homes across the SELEP area, with the Deal set to attract a further £960m of investment into the South East over the six year period.

Find out more here
Funding value: £3,777,451
Total Project cost: £4,992,903
Return to Capital Investment