IT is hoped that £8.5million of government funding awarded to Hastings will bring in business and create hundreds of jobs.
The interest free loan from the government’s Growing Places fund has been awarded as a result of a bid by East Sussex County Council.
The Priory Quarter business area in the town centre is set to be transformed with £7million going towards the creation of 2,323m2 (25,000sq ft) of office space.
Planning permission has already been granted, and work could be complete by 2014.
The remaining £1.5million will fund an access road and junction, intersecting Queensway to enable development of the North Queensway Enviro21 Innovation Park.
Construction of the road and junction could start this autumn and be completed next spring.
Both schemes will be delivered by the new economic development company, East Sussex Energy Infrastructure & Development Ltd (ESEID).
Councillor Peter Jones, leader of East Sussex County Council, said: “This is another wonderful result for Hastings—following hot on the heels of the Government’s approval of the Link Road and the £500million capital programme the County Council will be investing to support the economy over the next four years.
“All this spells more business investment, more company expansion room, more local jobs and a stronger economy for the benefit of the whole community.”
Read the full story in Friday’s Observer.