£3m funding success for Portland Street


It has just been confirmed that the Liberal Democrat Borough Council has been successful in securing £3m of funding for the Portland Street scheme from the government. This scheme will deliver 40% affordable housing.

The Portland Street site secured a planning consent in 2013 however the housing developer withdrew from the UK housing market, focusing its priorities on other businesses.

  • The site was ultimately sold but viability has been a challenge, which is often the case on former brownfield sites.

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Lib Dem councillor Steve Jordan, leader at Cheltenham Borough Council said: "We are delighted to have secured funding that unlocks this town centre site. In partnership with the developer, we aim to deliver around 140 housing units of which 40% will be affordable which is excellent news for local people.’’

 


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