A - Development Investment Fund (DIF)
Value
£7m
Purpose
The limited availability of good quality serviced sites and premises is a key constraint upon local economic growth in Shipley. In addition, the increasing lack of affordable housing available particularly in the town centre area is proving a constraint on inclusive local economic growth.
Objectives
- Provision of new industrial floorspace to support growth in key sectors
- Bring forward industrial development projects that would not otherwise be viable and have consequently stalled
- Bring forward residential development/refurbishment projects in or close to the town centre
- Contribute to local economic growth (for example, jobs and investment) or provision of affordable homes
- Promote and embrace net zero carbon objectives
- Contribution to quality living space, affordable to local people
Position up to April 2024
A project plan has been created and discussions in place with a private sector developer to create a housing scheme on the site of the clock tower building. There is still a c£2m viability gap which will become clearer once site surveys have been undertaken, which could result in the project being delayed further until resolved.
Project sponsor
Bradford Council
Further information
For further information on this project contact Ravinder.Panesar@bradford.gov.uk.
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