The Prime Minister today confirmed a multi-million pound investment for Truro as part of the Government’s Towns Fund Deal.
The £23.6 million Deal for Truro will help transform Cornwall’s capital into a “Connected River City” and support its vision of becoming a modern economic, cultural and green capital for its residents and the wider community by 2030.
The deal will look to 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 investment will also boost its cultural and tourism offer by transforming some of its historic buildings into thriving businesses. The creation of a “go to destination” in Boscawen Park will include a new ‘winter garden’ to build on Truro’s national reputation as a city of bloom.
Green and sustainable travel are at the heart of these plans, connecting key locations and attractions with accessible walking and cycling routes including a proposed new bridge between areas currently isolated from each other. The funding will also help convert some of Truro’s unused buildings into much-needed new homes.
The Government is already investing £3.75 million in Truro to support the redevelopment of The Hall For Cornwall, boosting tourism and leisure opportunities in the area. This is part of £92.4 million investment in Cornwall and Isles of Scilly from Growth Deals and the Getting Building Fund.
PM Boris Johnson said: “We are determined to level up across the entire country, and the deal we’re announcing for Truro will help to unleash its tremendous potential.
“Through a range of innovative projects including greener transport links and the restoration and renewal of spaces in the city centre, we will be able to rejuvenate the local economy, support businesses, boost connectivity and create new jobs.”
Mark Duddridge, chair at Cornwall and Isles of Scillies LEP, added: “The award of £23.6 million for Truro, as the country begins to emerge from the restrictions of lockdown is a fantastic boost for Cornwall and the city. 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.”
Today’s announcement responds to a locally led proposal put forward by Cornwall Council and the Town Deal Board with representation from business, the local community, public sectors and local MPs.