Property & Construction

Red Funnel reveals updated East Cowes plans

Published by
Tom Kilkelly

Isle of Wight ferry firm Red Funnel's plans to redesign three sites in East Cowes has revealed the full scope of its ambitions for the sites revamp.

Following a round of public consultation that closed on July 23, the ferry firm has confirmed that it will be building 80-bedroom hotel on Phoenix Yard, a new terminal building on Trinity Yard with a new short stay car park and, finally,  a mixed-use development of residential apartments and businesses.

Red Funnel said it hoped to get the plans submitted before the end of the year, approved by 2024 with the revamp completed in 2025.

Visit Hampshire Biz News for bright, upbeat and positive business news from the county

Plans for a new terminal building and marshalling yard were given the go-ahead in 2017 but the pandemic put the plans on hold in 2021.

This latest set of plans is, according to Red Funnel, an improvement on the initial plans that underwent public consultation over the summer.

Red Funnel has been operating a vehicle ferry service from the East Cowes site since 1861. A public exhibition, designed so residents can get a full scope of the plans, is being held on October 7 and suggestions from the public are open until October 22.

Read more - Red Funnel's Isle of Wight car ferry terminal redevelopment plans go to public consultation

Tom Kilkelly

Tom Kilkelly started working as a freelance journalist for The Business Magazine following his graduation from UCL in 2022. During his studies Tom became very interested in the works of Irish authors including Samuel Beckett and Flann O'Brien (Brian O'Nolan). His current role as a freelance business reporter is his first exposure to the world of business journalism. Working at TBM has given Tom the chance to really get to grips with the goings-on in the business hive that is the South East.

Recent Posts

Auto Fasteners takes another three units in Southam

A leading global supplier of fasteners and metal engineered components to the automotive has taken…

7 hours ago

Osborne Clarke’s Bristol team advises Triple Point on debt facility for solar firm

Investment manager Triple Point has agreed a debt facility of £7 million for Exeter firm…

7 hours ago

Cheltenham-based UCAS to waive fees for students from low-income families

The Universities and Colleges Admissions Service (UCAS) is set to launch a new package of…

7 hours ago

Former BBC News anchor named chancellor of Bath Spa University

Bath Spa University has welcomed Sharanjit Leyl as its new chancellor. The university’s first female…

7 hours ago

Persimmon looks to build 193 new homes in Warminster

Persimmon Homes Wessex has lodged plans for the third phase of its Warminster development to…

7 hours ago

Coventry King’s Award winner Arrowsmith secures multimillion-pound contracts

Arrowsmith Engineering, a Coventry-based manufacturer of precision aerospace components, has secured a string of new…

7 hours ago