Our specialist public sector consultancy and valuation teams assisted Sunderland City, Durham County Council and South Tyneside Councils with their successful bids to the Government’s Future High Streets Fund (FHSF).
The FHSF will provide a £830million boost for 72 areas in England to help recover from the pandemic and transform underused town centre into vibrant places to live, work and shop.
By providing evidence of the economic benefits of proposed schemes Sanderson Weatherall supported successful bids which secured £25m for Sunderland City Council, circa £20m for Durham County Council and almost £6m for South Tyneside Council.
Sunderland City Council
Sunderland received the maximum amount of funding for any one high street (alongside Swindon) with their bid anchored by the landmark Riverside Sunderland development, a sustainable urban quarter that is set to create an extraordinary place to live, work and play.
Alongside the Riverside Development there are a number of other projects including the development of Culture House, ‘the UK’s best library’, leisure spaces at Crowtree Place, remodelling St Mary’s Boulevard to connect the heart of the city to its riverside, the restoration of the Elephant Tea Rooms and fit-out of retail units within the new Keel Square Hotel.
Durham County Council
After Sunderland, Durham County Council were one of the biggest winners in the North East receiving £19.9million for Bishop Auckland that will be used to improve he town’s transport, hospitality and leisure offering whilst bringing many of the high street’s vacant properties back to life and capitalising upon ongoing projects of The Auckland Project, including Auckland Castle and the Spanish Gallery.
South Tyneside Council
South Tyneside Council received just short of £6million which will be used to support the creation of new residential development in the town centre to revitalise tertiary commercial areas and breathe new life into the town centre.
Head of Sanderson Weatherall’s public sector team Simon Elliot commented, “The High Street Fund was first announced in 2018 to help struggling high streets but following a long period of low footfall due to the coronavirus pandemic the fund is now more important than ever. We are delighted that the hard work in preparing the bids has paid off for the councils and hope to support our local authority clients to progress the subsequent developments.”