High hopes for £95m investment in Temple Quarter regeneration

The Government is on the cusp of approving a £95m bid to kickstart the huge Temple Quarter revamp, council chiefs believe.

Hopes are high that funding is finally on the way to unlock one of the biggest city centre regeneration projects in Europe just weeks after Bristol mayor Marvin Rees accused Downing Street of broken promises when it was apparently left off a list of Levelling Up schemes.

But senior City Hall officers told a recent council meeting that an announcement now seems imminent and that advanced talks with Whitehall had reached the stage of agreeing terms for the major deal.

West of England metro mayor Dan Norris says he is also optimistic that the money will be secured soon following a “very productive” meeting with Network Rail chairman Sir Peter Hendy in Bristol.

The project would begin with a redevelopment of Temple Meads station, followed by a series of other big plans for nearby derelict land, including student halls, offices and a conference centre at Temple Island where former mayor George Ferguson had earmarked an arena.

Temple Quarter, the first half of the multi-billion-pound, 25-year revamp for up to 10,000 homes and 22,000 jobs, will also have the University of Bristol’s Temple Quarter Enterprise Campus and a transport hub, while the second phase will regenerate a larger area at neighbouring St Philip’s Marsh.

……………………………………

This Bristol24/7 content is made possible by contributions from our members. In February and March, we are on a mission to get to 1,000 supporter members. Membership is £5 a month and allows us to continue our important work bringing you the best stories in Bristol. If you enjoy reading our articles, please consider supporting us and join today.

……………………………………

When the Government’s Levelling Up white paper was published at the start of February, it came with no new money but the intention that investment was spent effectively in the right areas.

Rees voiced frustration and disappointment that the £94.7m request to fund key infrastructure to transform the area around Temple Meads had still not materialised despite receiving personal assurances from people in Downing Street that it was an “absolute banker of a scheme” and would be announced at the same time.

But fast-forward four weeks and Bristol City Council’s growth & regeneration scrutiny commission was told that the white paper was encouraging after all.

An artist’s impression of the new University of Bristol Temple Quarter Enterprise Campus as seen from Temple Meads- image: University of Bristol

Director of economy of place John Smith told councillors: “It has a real focus on regeneration, particularly on brownfield schemes, so it feels more relevant than ever.

“The funding bid for the £94.7m was approved by Homes England over a year ago now and we have been awaiting government approval of the scheme.

“We have received very positive updates recently. I attended a meeting to talk about the grant agreement earlier today.

“The white paper seems to prioritise exactly this type of development which is shovel ready, so we are very much hoping the finalisation of that approval will be with us very shortly.

“In the meantime, we have been provided with £2.2m interim money by the West of England Combined Authority (WECA). That has allowed us to continue various elements of the work.”

……………………………………

Read more: Car park ‘first piece of the puzzle’ for redevelopment of historic area

……………………………………

Tim Rippington,  a Labour councillor for Brislington East, said: “We have been talking about this £94.7m bid for over a year now and there has been a lot of confidence for quite a long time that we would get that money. Yet here we are, we still haven’t got it.

“Is there a plan B if that is not forthcoming or is it just a case of when?”

Executive director of growth & regeneration Stephen Peacock replied: “We are obviously not in control of the decision.

“There is always another way but that would very much not even be a plan B at this point because, of all of the regional schemes, this is so far developed and so well-suited to investment in a regeneration project that it’s worth continuing as we are.”

Peacock added: “It has got all the hallmarks of a fantastic, public-private, nationally significant project.”

Adam Postans is a local democracy reporter for Bristol 

Read more: Hundreds of homes could be built on site of former garage 

Listen to the latest Bristol24/7 Behind the Headlines podcast: