City centre project is backed by £10m of government funding
Hull City Council has appointed English Cities Fund (ECF) as its development partner for East Bank Urban Village.
The local authority announced plans to sign a 15-year development deal with ECF, a joint venture between Homes England, Legal & General and Muse, to deliver the 850-home regeneration project located east of the River Hull.
The scheme has secured £10m of levelling up partnership investment to fund residential blocks with ground floor commercial amenities and a network of streets, plazas and green spaces.
New properties will be connected to the planned Hull District Heat Network (DHN), which will utilise energy from waste heat to provide low carbon heat to a mix of local authority and private sector buildings and homes.
Meanwhile, site enabling works could include land remediation activity and structural repairs to Trinity Buoy Shed, a grade II listed building built in 1901, and the adjacent river walkway.
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>>See also: Why people-centred regeneration is the key to reviving our towns
Paul Drake-Davis, the council’s portfolio holder for regeneration and housing, said: “East Bank Urban Village will be one of Hull’s largest ever regeneration projects and begins the transformation of a long-term derelict site just a stone’s throw away from the city centre.
“This new neighbourhood of up to 850 homes will act as a catalyst for further urban renewal within Hull and help increase investor confidence in the city with all the economic benefits that will arise.”
Hull Council said it will soon look to acquire several third-party ownerships to develop the site further.
Last month, the cabinet approved a housing growth plan, including the delivery of almost 6,000 new homes in the city by 2031, with 2,500 units expected to be built in the centre.
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