Tags: Growth Deal, Local Growth Fund, Northern Powerhouse

Direct intervention to draw investment, bring retail and office space back into use, and attract businesses, visitors and residents into Hull’s historic Old Town. Investment will be centred on revitalisation of Trinity Indoor Market and the surrounding public spaces, whilst making the most of the Old Town’s rich history and architecture.

 

The overall vision is the rebirth of the Old Town as an area of thriving café bars, visitor attractions restaurants and independent retailers, and for the area to become a strong economic presence to the east of the city centre and to play a strong role at the heart of the City of Culture 2017 celebrations.

 

 

 

 

 

 

 

 

 

 

 

CASE STUDY – Repurposing the Old Town  PHOTOS – Repurposing the Old Town

Project Dates

October 1, 2015 - March 31, 2018

Project Sponsor

Hull City Council

Location

Old Town, Hull, HU1

Funding

Updated 11/7/2019

Total Project Cost – £8,238,568

  • LGF Spend:
    • Contracted:  £3,000,000
    • Achieved: 2015/17 – £2,600,000
    • Achieved: 2017/18 – £400,000
  • Public Spend:
    • Contracted: £4,063,228
    • Achieved: 2015/17 – £1,749,916
    • Achieved: 2017/18 – £1,922,858
    • Achieved: 2018/19 – £390,454
  • Private Spend:
    • Contracted: £1,175,340
    • Achieved: 2015/17 – £408,611
    • Achieved: 2017/18 – £767,985
    • Achieved: 2018/19 – £398,744

Outputs

Updated 11/7/2019

Outputs/Numbers

  • New Jobs:
    • Contracted: 147
    • Achieved: Pre 2018/19 – 60
    • Achieved: 2018/19 – 74.5
  • Safeguarded Jobs:
    • Contracted: 0
    • Achieved: Pre 2018/19 – 3
  • Construction Jobs:
    • Contracted: 132
    • Achieved: Pre 2018/19 – 132
  • Commercial floor space refurbished (sq.m.):
    • Contracted: 0
    • Achieved: Pre 2018/19 – 856
    • Achieved: 2018/19 – 1,534
  • Number of enterprises receiving grant support:
    • Contracted: 20
    • Achieved: Pre 2018/19 – 33
    • Achieved: 2018/19 – 15

 

Approval Status

Business case approved

Delivery Status

Completed

View project homepage

Last updated: July 11, 2019

All locations are approximate.