A crowdfunding campaign to kickstart the regeneration of a Grade 2-listed Victorian terrace on Brighton seafront has smashed its target and raised more than £460,000. The campaign by Brighton and Hove council to help fund work on Madiera Terrace closed last week, after 2,131 backers raised £464,697 on the crowdfunding website Spacehive. New Start covered the launch of the crowdfunding campaign in August, which aimed to raise around £400,000 towards the repair of a section of Madeira Terrace, which runs along Madeira Drive on the city’s seafront. The terrace itself has been closed to the public since 2012, as the structure has degraded and become unsafe. The crowdfunding money will be used to bring at least three of the 151 arches back into use. The council is proposing to redevelop the terrace in three stages. Once fully open, the redeveloped terrace will have around 25,000 sq ft of rentable area. … (To read the full article, subscribe below)

jamiehailstone
Jamie Hailstone is senior reporter - NewStart