£23.6m deal to boost Truro economy announced

The government has announced a £23.6m deal for Truro to boost its economy, create jobs and new homes.

The deal, which is part of the Towns Fund, will breathe new life into Truro’s waterfront by creating new spaces for business, vibrant and green event areas, promenades and new ferry terminals with berthing facilities and pontoons.

The funding will also help convert some of Truro’s unused buildings into much-needed new homes.

The government is already investing £3.75m in Truro to support the redevelopment of the Hall For Cornwall Theatre, boosting tourism and leisure opportunities in the area.

This is part of £92.4m investment in Cornwall and Isles of Scilly from Growth Deals and the Getting Building Fund.

Last month, the government also announced a £56m Welcome Back Fund to help high streets and seaside towns prepare for the safe return of shoppers and tourists as national restrictions ease.

‘The award of £23.6m for Truro, as the country begins to emerge from the restrictions of lockdown is a fantastic boost for Cornwall and the city,’ said the chair at Cornwall and Isles of Scilly LEP, Mark Durridge.

‘The environmentally sensitive development of the town will create welcome employment and will bring a new vibrancy to many areas of Truro.

‘This investment follows on from the redevelopment of the Hall for Cornwall, another project supported by the LEP, which together will reinforce Truro’s position as a centre for our creative industries.’

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