The leader of Leeds City Council has welcomed a multi-million pound funding package aimed at driving forward major regeneration projects and creating new homes, jobs and opportunities for local people.
Chancellor Rachel Reeves confirmed the government investment while speaking at the UK’s Real Estate Investment and Infrastructure Forum in Leeds. The funding will support regeneration work already being spearheaded by the council in locations including West End Riverside, Meadow Lane and the Temple district. Plans for the Temple district include bringing the Grade I-listed Temple Works building back into use as part of the wider redevelopment of the area.
The council leader said the funding would help accelerate regeneration schemes designed to support economic growth while delivering benefits for communities across the city.
Councillor James Lewis, leader of Leeds City Council said:
“The announcement made by the Chancellor in Leeds today is a real vote of confidence in our city and the opportunities offered by the transformation of its former industrial heartlands.
“The council and its partners have achieved great things with a whole range of regeneration projects in recent years, but we know there is still more to do before Leeds’s full potential is unlocked.
“This funding will help us to collectively meet that aim, not least by supporting the delivery of much-needed homes in key strategic locations such as West End Riverside and Meadow Lane as well as the Temple district, where we are already working hard alongside partners to breathe new life into the Temple Works building.
“The funding will also, by facilitating the creation of commercial and leisure space, strengthen even further the reputation of Leeds as a brilliant place to do business and, crucially, a city with an economy that works for everyone.”
Homes England, the government’s housing and regeneration agency, will also provide a £16m infrastructure grant to Caddick Group to help deliver Leeds South Village. The mixed-use neighbourhood is planned for the city’s South Bank area and forms part of wider efforts to unlock development and investment across Leeds.
