OUTLINE planning permission for a long-awaited regeneration scheme for City Centre South in Coventry has now been submitted.
Earlier this year the Shearer Property Group held a a public consultation and three-week public exhibition revealing plans for a new focal leisure point on a 15-acre site taking in Bull Yard, Shelton Square, Market Way, City Arcade and Hertford Street.
The proposals include a cinema, restaurants, co-working premises, community space, alongside shopping outlets, new homes and space for a hotel.
Guy Shearer at Shearer Property Group, said: “Despite these very challenging times, I am delighted that we are now bringing this long-awaited regeneration scheme forward for approval.
“We continue to work closely on City Centre South with Coventry City Council and today marks another important milestone in the process bringing us closer to finally delivering a transformation of this large strategic site in the heart of the city centre.”
The scheme is backed by just under £100m of West Midlands Combined Authority (WMCA) funding.
Mayor of the West Midlands Andy Street, the former boss of retailer John Lewis, said: “The submission of these plans is welcome news. Lockdown has hit our city centres hard but City Centre South, and other major schemes already underway in Coventry, can lay the groundwork for the new jobs, homes and commerce we will need to recharge our local economy.
“That’s why the WMCA has continued to invest millions in new infrastructure and regeneration schemes throughout this pandemic. Not only are we putting £98m towards City Centre South but we are also putting a further £40m into the redevelopment of the city’s rail station and tens of millions more into schemes like Friargate.
“It’s important we show no let-up in this investment as we work to build a greener and fairer future. Coventry and the rest of the West Midlands have many inherent strengths – a diverse and innovative economy, one of the youngest and fastest growing populations in Europe, unrivalled connectivity, brilliant centres of learning, and world-class businesses, large and small.”
The Mayor said it represented a 21st century rethink, moving away from the reliance on big anchor stores and making city centre living a reality by creating hundreds of new homes on a reclaimed brownfield site.