Construction and Infrastructure
Shortlist of development partners drawn up for £400m Golden Valley project
Six businesses have been shortlisted as development partners for what is being billed as Cheltenham’s £400m Golden Valley Development.
According to Cheltenham Borough Council, which is leading on the project, its shortlist was arrived at after an “extensive search”, and one of those firms in the mix will be the chosen one.
The borough describes the project as “one of the UK’s flagship schemes”, and when underway will see a 200-hectare site adjacent to GCHQ in West Cheltenham transformed.
In its own words the result will be “a world-class mixed-use development and will feature Cyber Central, the UK’s first campus focused around the rapidly growing cyber-tech sector. It will also provide over 3,000 homes in an exemplar Garden Community”.
There is no word on who the six companies are.
Tim Atkins, managing director for place and growth at the borough council, said would say that the “calibre of the submissions has been exceptional”.
“We hope to be in a position to announce our appointed partner in spring 2021,” he said.
Cllr Andrew McKinlay, cabinet member for development and safety, said: “Here in Cheltenham, we are already seeing significant growth in the cyber and technology sectors, with eleven times the density of cyber related businesses in the town compared to the national average.
“The Golden Valley Development will super-charge this growth, putting Cheltenham on a global stage and creating huge opportunities for the town and our communities.
“The economic boost will be felt across the whole town and beyond, with a ripple effect that will benefit supply chains, transport infrastructure and cultural and leisure services far beyond the Golden Valley site alone.”
Garden Community status was awarded the project by Homes England last year.
The new Supplementary Planning Document for the site were adopted by Cheltenham Borough Council last week.
As part of the project Cheltenham Borough Council invested £37.5 million in 45 hectares of land to make the project happen.
The local authority said it had up to £180m further funding available for the delivery of “high-quality homes”. It is expected that the first phase of the development – Cyber Central UK – will be completed by 2023.