£5m hotel and office development to create more than 300 jobs in Brighton
Plans have been unveiled to transform a derelict piece of land in Brighton into a hotel and offices development, creating more than 300 jobs in the process.
Block J of the New England Quarter in the centre of Brighton will be subject to a redevelopment project that will include a £5 million four-star hotel and numerous offices, it has been announced.
The project will be completed by July 2014 and will be funded by the Coast To Capital local enterprise partnership (LEP) for West Sussex, Croydon, Brighton and Hove, Lewes and the Gatwick Diamond.
The LEP has backed the development with the considerable investment as it believes that it will attract further investment to the area in the years to come.
This is the first time that the LEP has used money from the Government's Growing Places Fund, which was devised to increase economic growth and create jobs in key parts of the country.
Coast To Capital is expected to reveal further loans to a number of public and private sector organisations as it has £23 million of Government money to invest in order to boost regeneration in its areas of jurisdiction.
Ron Crank, the Coast To Capital chief executive, revealed that one of the LEP's main strategies is to remove hurdles that stand in the way of boosting local developments and creating jobs in the private sector.
Tim Wates, the Coast To Capital vice-chairman and the Growing Places Fund committee chairman, echoed Mr Crank's sentiments and called on members of the public and the private sector to create innovative projects in the area that could help boost employment.
Coast To Capital office manager David Smith said the most important aspect of the redevelopment plan was to create jobs in the area, adding: "That's our big target and the first box that has to be ticked."
Geoffrey Bowden, chair of Brighton and Hove City Council's economic development and culture committee, hailed the project as "great news" for the area, meanwhile.
Copyright Press Association 2013