Borough of Poole has been awarded £6 million from the government’s Housing Infrastructure Fund (HIF) in support of its vision to regenerate and transform the town centre.
A new leisure centre and swimming pool, bus station, hotel, commercial office space and more than 400 new homes could be built as part of a £134 million regeneration project.
The HIF funding is an important step forward in the project and will support the infrastructure work needed to improve access within the remodelled town centre.
Cllr Ian Potter, Cabinet Portfolio Holder for Regeneration, Borough of Poole, said: “The council is ambitious for Poole and Town Centre North is our flagship project for regenerating the town centre. It will transform our town centre, boost the local economy and make it a vibrant and attractive place where people will want to live, work and enjoy their free time.
“We’re delighted to receive £6 million through the Housing Infrastructure Fund. The bidding process is highly competitive so to secure this funding demonstrates confidence in Poole’s ability to make this project a reality.”
Lorna Caver, Director Dorset Local Enterprise Partnership (LEP) said: “Dorset LEP is delighted at the outcome of this bid and that government is investing £6 million for key infrastructure development in Poole. This is a significant investment by the government and highlights the good work that is going on across Poole to achieve our economic aspirations. Good infrastructure is vital for enterprise and this funding will help to facilitate local economic growth by creating the right conditions for more highly skilled jobs and housing.”
Later this year, the council will consider a decision to seek a development partner to bring forward the project.
As a major landowner in the redevelopment area, the council is looking to use its own assets, including Kingland Road car park, Seldown car park and coach park and the Dolphin Swimming Pool site, to deliver the scheme.