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November 9, 2020

Colchester Town Investment Plan

Several of our projects have been included in Colchester's Town Deal funding bid - an ambitious plan for up to £25m of Government funding to be invested in Colchester post-Covid to help transform the town.

We are very happy that £1m of advance funding has already been secured for the improvements to St Nicholas Square we have already started work on, and further funding has been requested for the development of our proposals at Balkerne Gate, Holy Trinity Square and the implementation of kerbless and green streets within the town.

The Town Deal bid was developed in consultation with a wide range of businesses and with surveys interviewing hundreds of local residents about their priorities. Colchester's lead councillor for business, David King, commented that "Residents want the town to be made more attractive and for improvements to be made to infrastructure. The projects We Are Colchester have submitted to the Government address these issues. With the help of other investors, we can make a huge difference to residents and help businesses and those they employ at this difficult time to have confidence in Colchester's future, as a great place to live, work and visit."

The full plan is available to read here.