Liberal Democrat Leader of the Council Cllr Keith Aspden has welcomed the confirmation and details of the £77.1m funding to secure the delivery of York Central development, which will deliver a £1.16 billion boost to the local and regional economy and enable the city to build back better.
The Ministry of Housing, Communities and Local Government (MHCLG) has now written to the City of York Council to confirm the arrangements for the funding with the York Central Partnership. Under the confirmed arrangements, City of York Council will be reimbursed for the money it has committed to keep the project moving while we were awaiting funding details.
The funding is a major piece in a £155m funding package put together by the council working with fellow York Central Partnership members Homes England, Network Rail and the National Railway Museum. This will fund the infrastructure works needed to unlock the brownfield site to deliver new business opportunities, homes and public spaces for the city.
Councillor Keith Aspden, Liberal Democrat leader of City of York Council, commented:
“The challenges posed by the pandemic have reinforced the importance of delivering York Central to drive clean and inclusive economic growth in the city. The further details of this substantial investment is fantastic news for York. This marks an important milestone in our continued commitment to deliver on this once-in-a-lifetime opportunity to regenerate one of Europe’s largest brownfield sites.
"The funding is a vital step to unlocking a £1.16bn boost to our economy, and delivering new green spaces, jobs and hundreds of affordable homes, right when York needs it most. York Central has been talked about for decades, but I am pleased that we are now moving the project forward for the benefit of residents across the city. The continued interest in moving significant sections of central government to York Central, such as a government hub, further demonstrates the quality of the site.”
York Central plans include proposals to build up to 2,500 homes, including affordable homes, a commercial quarter creating circa 90,000m2 of high-quality office space, as well as:
• pedestrian and cycle route provision into and through the site
• low levels of parking spaces
• the highest sustainable design standards built into the design guide
• around £15m developer contributions to deliver the sustainable transport infrastructure ensuring more bus passengers, cyclists and pedestrians.