The Business Magazine - B2B Business News - Site Logo
The Business Magazine - B2B Business News - Site Logo
The Business Magazine May 2024
Read now
PICK YOUR EDITION

Leamington Spa regeneration project kicks off

6 January 2022
Share
The Business Magazine article image for: Leamington Spa regeneration project kicks off

Work has begun on the first project in the regeneration programme to turn Leamington Spa's Old Town into a magnet for creative industries, building on the town’s growing Silicon Spa reputation.

Regeneration specialists Complex Development Projects has started work on the restoration of the Grade II listed United Reformed Church which will be converted to provide modern office space for creative/digital businesses. The character of the main chapel will be retained with a triple height central atrium, with the crypts transformed into break-out spaces and office pods.

Two further buildings facing Spencer Yard are also part of the project. The adjoining former nursery will be refurbished with a ground floor extension at the rear of its premises to provide more usable flexible office space with a rooftop terrace overlooking the church. A top floor extension will be added to the Dole Office which will provide space for smaller businesses.

The works are being undertaken as part of a funding package with a grant from the Future High Streets Fund as part of the Government’s plan to renew and reshape town centres – making them a more attractive place to live, work and visit.

CDP is Warwick District Council’s Regeneration Partner in the overall 10-year Creative Quarter Initiative and is working up several projects with the Council to galvanise creative activity in Old Town.

Neil O’Brien MP, Parliamentary Under Secretary of State at the Department for Levelling Up, Housing and Communities, said: “It’s fantastic that restoration work is beginning to transform historic Spencer Yard.

“Leamington is already a thriving hub for creative and digital industries and this project will draw more companies and investment into the town.

“We are investing in impressive local projects like this which provide opportunity, boost local economies, and help communities build back better as we level up the nation.”

Cllr Andrew Day, the Leader of Warwick District Council, added: “This is a watershed moment, and we are excited at the prospect of seeing the long-awaited transformation of an underutilised area into a vibrant and innovative hub for our creative and digital industries. However, this is just the start of an ambitious Creative Quarter vision which will bring our town the massive boost and far-reaching recognition it deserves!”

Katie Burn, Senior Development Executive at CDP, said Spencer Yard was already a creative area with current occupiers including Heartbreak Productions, Motionhouse and the Loft Theatre.

“Our consultation showed there was a shortage of space for the digital creative sector to expand or locate within the town and it’s a key industry in Leamington with ten per cent of the UK’s gaming sector working in the area,” she said.

“It is great to be finally starting construction work after many months of preparation. The initial works to the chapel will provide a new roof and will take place under a temporary roof to protect the fine interiors during the winter months.

“Demand is strong from occupiers and we are already talking to businesses that will bring jobs to the town and boost the local economy.”

The Future High Streets Fund aims to renew and reshape town centres and high streets in a way that improves experience, drives growth and ensures future sustainability.

In total, 72 places will share up to £831 million from the Future High Streets Fund to help them recover from the pandemic by improving transport links, building new homes and transforming underused spaces.

 


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

Related topics

Related articles

Latest Deal Ticket

view more
Business consultants Magnetic (London)
have been acquired by
Management consultants Newton Europe (Oxford)
May 2024
UNDISCLOSED
Who's behind the deal?

Upcoming events

view more
06
Jun

South Coast Property Awards 2024

Hilton Southampton
Utilita Bowl
More info
12
Jun

Leadership Roundtable: Developing strategies for financial returns over the next decade

Herrington Carmichael, Farnborough Aerospace Centre, GU14 6XR

More info
09
Jul

Leadership Roundtable: Opportunities and challenges in the Care Sector

Herrington Carmichael
Farnborough Aerospace Centre, GU14 6XR
More info
18
Jul

Thames Valley Tech & Innovation Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
23
Jul

Leadership Roundtable: Search Fund Exits & Acquisitions

Shawbrook Bank
9 Appold Street, London EC2A 2AP
More info
26
Sep

Thames Valley Property Awards 2024

Ascot Pavilion
Ascot Racecourse
More info
03
Oct

South Coast Tech & Innovation Awards 2024

Hilton Southampton
Utilita Bowl
More info
07
Nov

Thames Valley Deals Awards 2024

Reading FC Conference & Events
Select Car Leasing Stadium, Reading
More info
21
Nov

Hampshire Business Awards 2024

Farnborough International
Exhibition & Conference Centre
More info

Related articles

Group Companies

Dorset BIZ NewsHampshire BIZ News