A major £300m regeneration scheme including a passivhaus leisure complex is moving towards final approval by Exeter City Council.
Funding for a new state-of-the-art passivhaus leisure complex, bus station and wider regeneration in the centre of Exeter has been increased by £11.8m to £300m, enabling contracts to be signed so the project can go ahead.
The decision, taken by Exeter City Council’s leisure complex and bus station programme board on 27 November, will see it commit £51.8m to the St Sidwell’s Point project, and £390,000 in sourcing partners for the wider scheme, potentially including a multi-purpose performance venue accommodating 1,200-2,500 visitors. A full council meeting will this month decide on approval for the extra funding for construction on the site of the bus station.
Overall, there will be £250m of private investment and £50m from the council.
Plans for the wider regeneration scheme include 250 new homes for rent, a four-star hotel and a budget hotel, homes on the site of the Civic Centre, office, retail, food and drink, and open space, in addition to the potential performance venue.
The plans, intended to reverse a decline in the city centre, have already generated considerable interest from businesses.