Work begins at Luneside East with Partnership support
Work has started on the long-awaited redevelopment of the Luneside East site in Lancaster, which will create a new neighbourhood with homes and businesses at St George’s Quay.The project is being backed by the Lancashire Enterprise Partnership (LEP) and the first stage involves demolishing unfit buildings and cleaning up contaminated ground. The developer, Luneside East Ltd (a joint venture partnership between CTP Ltd, Manchester, and Development Securities plc, London), has already begun some of this work, which is expected to be completed by next summer.
The site will be developed into a mixed-use new neighbourhood providing homes, business space and high-quality landscaped areas, with provision for pedestrians and cyclists. The focus for the development will be the conversion and refurbishment of a large part of the St George’s works mill building on the quay.£4m of investment in this new development has come from the Lancashire Enterprise Partnership's Growing Places fund, which is administered on the partnership's behalf by Lancashire County Council.
Edwin Booth, chairman of the LEP, said: “We intend to use the Growing Places Fund to maximum effect, which first means identifying high quality schemes with clear benefits and helping them happen as quickly as possible.“Without the investment from Growing Places, some of these schemes would simply not go ahead. In each case we're looking to provide the final piece of the jigsaw that ensures the project gets off the ground. Often the investment will help overcome constraints around sites and infrastructure issues, or a lack of access to finance, for example.” Growing Places is invested on a commercial basis. Funds are recouped with interest and will be reinvested in other projects that also help to deliver economic growth.