Up to £20m funding for Cheltenham’s Golden Valley Development
This is the press release as we received it from Cheltenham Borough Council, the driving force behind the Golden Valley Development. We've tweaked only a few points of style.
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The council is excited that £20 million has been provisionally awarded to help super-charge the first phase of the national cyber innovation centre at the heart of the Golden Valley Development.
This funding is from the Department for Levelling Up, Housing and Communities.
Cllr Max Wilkinson, cabinet member for economic development, culture, tourism and wellbeing, said: “This is unequivocally good news for Cheltenham.
“Cheltenham Borough Council has led this project from the start, most recently working with partners HBDxF.
“We have worked hard locally to ensure the Golden Valley project will build on our town’s strength as a centre for cyber and technology.
“The £20m the government has now pledged for the innovation centre will sit alongside investment by the council of £130m.
“It will help us deliver jobs and prosperity for local people.”
The innovation centre and Golden Valley Development has a wider regional and national importance as part of cementing Cheltenham’s place as part of a key part of the UK’s cyber and technology cluster.
The centre will be a catalyst for bringing greater prosperity to Cheltenham and the neighbouring wards in west Cheltenham, as well as for the entire region.
The proposed development, covering 47ha, will deliver a diverse innovation district, comprising over 1 million sq. ft. of commercial space. It will attract businesses with a focus on science and technology in particular, building on the existing specialist cluster in cyber.
New homes will also be an important element of the project, providing over 1,000 sustainable properties to rent and buy as part of a new garden community. All this will be situated within an extensive network of green open spaces with community amenities and a new primary school also featuring in the masterplan.
The story is a press releases sent out by Cheltenham Borough Council on 20 November 2023.
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