Lea Hough’s Commercial Valuation team are pleased to have recently supported Leyland’s successful application for Town Deal funding.
Under the Town Deal scheme, Leyland will receive up to £25 million in government funding to boost business and regenerate the town centre. Leyland was invited to bid for funding from the Government’s Towns Fund scheme alongside 100 other towns across the UK, with a total of £3.6 billion available overall.
Lea Hough were appointed to provide advice on local market conditions and input into appraisals for the proposed developments, which include:-
- Creation of a new public square and development of new, mixed use buildings.
- Improvements to the existing Leyland Market.
- Development of ‘BASE2’ – a substantial mixed use facility which will offer work, events and exhibition space.
Our Valuers worked closely with South Ribble Borough Council and a number of other stakeholders throughout the application process and we are proud to have played a small part in securing this significant investment for Leyland.
After a public consultation in November 2021, plans are now well underway. the Leyland Town Deal Board are now on the lookout for skilled tradespeople and businesses to work on the refurbishment, new build and public realm projects.
With many of our Surveyors, Valuers and support staff living locally within Lancashire, having the opportunity to play our part in improving local areas is always exciting and rewarding.
Lea Hough continue to act for South Ribble Borough Council on a number of other property matters and we are proud of our track record of acting for a number of local authorities throughout Lancashire, providing them with the best possible advice.
For more information on the Leyland Town Deal, visit https://www.leylandtowndeal.com/
