Another £40 million of investment could be coming to York Central.
City of York Council has reached a deal with government for the extra financial support, conditional on the York and North Yorkshire devolution deal being confirmed.
That would come in addition to the £77 million secured from the Homes England Housing Investment Grant.
York Central, next to the railway station, is one of the largest brownfield sites in England.
Construction work on the key infrastructure needed to unlock the 111-acre site is underway.
This land should then turned into an area of high-quality housing and commercial buildings.
That would “power York’s economy into the future, with up to one million square feet of office, leisure and retail space helping to grow its economy by 20% and also provide up to 2,500 homes,” the council says.
Essential affordable housing
Council leader Claire Douglas said: “This is fantastic news for the whole city and is another show of government’s belief in this transformative project.
“We want York to be world-famous as a city with both a unique history and the ability to create great new places to live and work.
“The city needs modern commercial spaces and more essential affordable housing, and we are absolutely committed to York Central as an ambitious project to achieve that.
“There will also be sizeable green spaces created for public enjoyment and biodiversity, within our net zero commitments.
“We want a place residents are proud of, can enjoy and can benefit from, no matter where they live.”
Dehenna Davison, a minister in the levelling up department, said the government’s support “will achieve key elements of our levelling-up agenda by delivering additional housing, jobs, GVA and regeneration to the area.
“This support will be unlocked by the York and North Yorkshire devolution deal agreed last August and demonstrates the benefits from Government and local partners working together.”
Plans for a new public square in the area are being drawn up.
Leon Guyett, York Central Project Director, Homes England said: “Reserved Matters planning for the new Square is being submitted shortly and the announcement of a strategic developer partner is expected in early October, so things are gathering pace.
“We’re working closely with all stakeholders to build a well designed sustainable development that drives York’s future prosperity.”
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