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Gloucestershire Business News

Council backs £107m investment in Gloucester's regeneration

The £107million King's Quarter scheme is poised to gather pace after Gloucester City Council approved the investment.

The regeneration of the centre of the city was approved by the cabinet earlier this month and received cross-party approval last night.

Labour group leader Councillor Kevin Stephens said: "I want to begin by saying Hallelujah. We have been talking about the regeneration of the city for 30 or 40 years.

"I think it's a wonderful, exciting scheme. It will breathe new life into the city centre.

"I think it is important we send a clear message to investors that this project has full support, right across the political spectrum."

His views were echoed by Liberal Democrat group leader Councillor Jeremy Hilton who described the development as "a really excellent project".

He said: "It is nearly a decade since we started work on the King's Quarter regeneration plans.

"This will be something that we will build and construct in Gloucester and the people in Cheltenham will be jealous as hell."

The plan will see development partners Reef Group asked to deliver the Forum, a vibrant social and digital campus for the South West that will act as a catalyst for an emerging digital and cyber security sector.

The Forum will include more than 125,000 sq ft of new versatile office space with a shared workspace club and an innovation hub designed for emerging cyber businesses and incubator businesses.

This will sit alongside a 131-bedroom four-star hotel, a 9,000 sq ft gym, restaurants, shops, bars and cathedral view apartments.

As part of the 600,000 sq ft masterplan for The Forum, there will be a multi-storey car park, alongside over one acre of public realm and landscaping work.

Deputy Conservative group leader Councillor Hannah Norman said: "It's fantastic that we are moving forward on this scheme at pace.

"It's an ambitious plan for Gloucester but I think it is the right plan for Gloucester. It is going to pull together that area of the city."

The wider regeneration of King's Quarter was kick-started at the end of last year when local contractors EG Carter began work on King's Square which is being given a facelift and will become a an outdoor entertainment space for performances and events.

Work is due to start on the next phase in the spring.

Council leader Councillor Richard Cook said: "It's great to know that this wonderful project for the city is going ahead with all party support."

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