Work is now set to begin on nine regeneration projects in St Ives following the receipt of the first instalment of Town Deal funding.
Last year, the St Ives Town Deal board successfully bid for a Town Deal worth £19.9 million. This was based on a Town Investment Plan (TIP) which identified a mix of large-scale transformation projects together with a number of smaller scale community projects aimed at delivering the vision and aims developed in consultation with the local community.
St Ives is one of four towns in Cornwall which were originally invited to bid for a share of the Government’s £3.6 billion Towns Fund to help regenerate and improve their local economies.
The £88.7 million Town Deal Funding allocated to Cornwall will be invested in over 30 projects and delivered across Truro, Camborne, Penzance and St Ives. As Lead Authority for the region, Cornwall Council has received the first instalment of £18 million for 2022/23 for the four towns.
“This is great news for St Ives” said Gareth Jones, vice chair of St Ives Town Deal board. “These projects offer a once in a lifetime chance to improve the quality of life for our residents, support local businesses, and create new employment and skills development opportunities.
“This funding has come out of a really long time of working together to devise impactful projects that will benefit the people of St Ives. We are delighted that the funding has now been transferred from Government to Cornwall Council.”
While the smaller scale projects will be completed early in the programme, the larger scale transformation projects, which are more complex and may require additional external funding and approval, will take longer to deliver. However, all are expected to be completed by the end of the Town Deal programme in March 2026.
The nine St Ives Town Deal projects submitted to Government are:
- Old Vicarage Flats
- St Ives Theatre
- Leach Pottery and Digital Trail
- St Ives Community Orchard
- Delegated Fund for Renewal
- Low Carbon Transport
- Rugby Club / Affordable Housing
- LiveWest retrofit scheme