The Boots Island Quarter is one of the largest revamp schemes in the UK and it will include a three-storey pavilion on the canal which will feature two restaurants, events space and a large rooftop terrace.
The developer behind a £650m project to regenerate a derelict Nottingham site, has spoken out over a grant funding campaign recently released. Conygar, the developer behind The Island Quarter on the former Boots Island site, has launched a grant funding campaign to help fast forward the site’s redevelopment. The campaign was published on the development website, and is described as a ‘levelling up fund application’.
It states: “To ensure this development can happen as quickly as possible, we must secure grant funding to prepare the site for regeneration. Due to the site’s industrial history, this preparation work is essential, and the proposals cannot progress until it has been completed.”
The essential works include:
- Removal of a major underground gas main and pressure reducing station
- New electricity substation
- New District heating infrastructure for the entire campus
- Utilities works including water supplies and drainage
Conygar has confirmed many elements of the regeneration cannot be implemented until these are complete, so the works are being carried out in a phased approach with each completed phase partially funding the above.
Until recently the Homes England Infrastructure grant funding, which is designed specifically for this type of work, would not have applied to a mixed-use development such as this. It said the grant funding would provide the opportunity to bring those costly works forward and allow the other building work to happen quicker.
Conygar has reached out to the local business community and influential organisations to gain support for its Homes England Infrastructure Grant Funding Application for the 36-acre site. Robert Ware, CEO of Conygar, said: “Conygar is working hard to attract funding which will help us speed up the regeneration and accelerate millions of pounds of investment to the city year on year. We are in prime position for the grant funding because we are already on-site and can guarantee we will use it.”
The Island Quarter has started on site with the building of 1A Canal Turn underway, featuring new bars, restaurants, exhibition and events space. There were concerns raised about potential flooding, but developers say sufficient protection has been put in place.
Next, Conygar will turn its attention to the building the purpose-built 702-bed student accommodation, alongside its hotel and apartment buildings. Robert added: “While we have our own company investment in place, we are looking at what government funding is available so that Nottingham will benefit from The Island Quarter even more quickly. There are major obstacles such as a large gas mains that need to be relocated first. The grant funding would mean this could be started immediately and speed up the works. We are working with Nottingham City Council and hope to win their support. The Homes England funding, which will be paid back later, will allow us to bring forward the other phases of the development. We are also looking into the 2021 Levelling Up Fund which again only applies to schemes that are on-site this financial year. I was delighted to see more than 200 members of the Nottingham community pledge their support within the first 48 hours of announcing the grant funding on our website. With this level of support, which is growing every day, I am very hopeful we will be successful.”
The Island Quarter is set to provide more than £200 million of investment into the city annually, more than 4,500 jobs during the build as well as permanent jobs, 900 new homes and a hotel with 223-bedrooms and suites, operated by IHG. Planning permission was received three years ago and applications are in for phase 1B – the hotel and apartment space – and its student living development.
Conygar is also introducing open green spaces for people to relax and enjoy, as it is re-imagining the waterfront overlooking the canal – bringing to life a neglected part of Nottingham.
Article from Nottingham Post 7.6.21