The North East Times has reported on a transformational plan to breathe new life into Sunderland City Centre, which could attract investment of close to half a billion pounds by 2030!
The North East Times writes:
Spearheaded by Sunderland City Council, a vision is emerging for a reinvigorated city centre, that will build on the momentum of VAUX and transform the heart of the city into a place that civic bosses say will become the ‘economic and cultural driver’ that Sunderland deserves.
With the council’s City Hall plans to be discussed in a cabinet meeting on Wednesday, March 27, the emerging city centre vision outlines how council investment will act as a catalyst to attract private sector investment. It is expected that the total council investment in the city centre in the 15-year period to 2030 will be eclipsed by private sector investment of close to £300m, with the local authority’s own spending on the city stimulating market confidence to attract businesses and investors.
Council leader Councillor Graeme Miller, said: ‘We want the city centre to be a place our residents can be proud of, as well as somewhere that people want to live, work and spend time in. A declining high street – that reflects the same challenges faced by towns and cities across the country – has left Sunderland in need of investment… and this is all about breathing new life into heart of our city and giving it a renewed sense of purpose and vitality.’
Councillor Miller added: ‘We have driven significant investment into Sunderland city centre over the last five years, laying solid foundations for the next ten years to 2030… we hope to create the footfall and spending that we need to sustain our shops, restaurants and bars and create a lively evening economy.’
The city centre vision fits into a wider city programme of investment of more than £1.5bn, and is at the heart of a new plan, led by the city council, to create a vibrant, dynamic, healthy city by 2030.