£1.7 million floods into Redruth Brewery site
A well-known derelict site at the gateway to Redruth is set to be transformed thanks to £1.7million from the European Regional Development Fund.
The Redruth Brewery site has been an eyesore since a devastating fire destroyed many of its historic buildings in 2011. This is now set to change thanks to both private and public investment which aims to unlock the site for future development.
Work will now start on the flood alleviation scheme to get the site ready for redevelopment. The scheme proposed for the site includes a mix of cultural buildings, public spaces, workspaces and housing. The creation of Kresen Kernow, the new archive centre for Cornwall, as part of this, will provide a much awaited home for the stories of Cornwall and will help to reinforce Redruth’s ambition to become a cultural destination.
Crucially public money has been joined with private investment from the owners of the site, Mr Horace Yao Chairman of Sino Land Limited, owner of the site said: ‘This funding, along with our contribution of £600,000, will enable the master plan for the whole site to move forward so that Redruth Brewery can, once again, become a thriving part of the community.’
Work is due to start as the site is cleared and modern buildings are demolished, currently heritage building professionals are looking at the remains of the historic brewhouse to see what can be kept and incorporated into the new developments as the site is transformed into a space the whole community will be able to use.
Welcoming confirmation of the ERDF grant, Cornwall Council Leader John Pollard, said: ‘I am pleased to see European money being used to unlock areas of regeneration for future growth. The funding will enable an area of historical importance to continue to thrive into the 21st Century with community, culture and job creation at the heart of the regeneration of the site.’
Notes to editors
- The ERDF investment will be used to fund flood alleviation work, open up the leat and create new public pathways and spaces to improve access across the site.
- The £1.7m grant is part of a wider package of funding, including £700,000 from the Cornwall and Isles of Scilly Local Enterprise Partnership from their investment fund supported by the Government’s Regional Growth Fund. There are also contributions from the Environment Agency, the Homes and Communities Agency and the site owner.
The Redruth Brewery Flood Alleviation works is part financed by the European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs.
For more information visit:
ERDF Convergence: £1,701,602
For more information visit www.erdfconvergence.org.uk
Regional Growth Fund
The Regional Growth Fund is a £3.2 billion fund designed to help companies in England to grow. So far £2.6 billion of funding has been allocated to support projects and programmes committed to deliver sustainable jobs and economic growth. Round 5 selected bidders will be announced in spring 2014. A sixth round is due to launch in the summer. For more information, please go to www.bis.gov.uk/rgf.
The Cornwall & Isles of Scilly Local Enterprise Partnership (LEP) successfully bid for £13m from round two of the Regional Growth Fund, which includes £6m for investment-ready enabling infrastructure in strategic areas for business growth and expansion, and is delivered by Cornwall Development Company on behalf of the LEP and Cornwall Council.
Strategy, Localism and Communications
Chief Executive’s Department
Tel: 01872 322187
Mobile: 07527 470453
Room 4S, New County Hall, Treyew Road, Truro TR1 3AY
Friday 21 March 2014