This initiative is the second wave of investment in Leicester city centre as prart of the Connecting Leicester programme.
The emphasis of the project is on:
- Providing an improvement to the market and commercial space in the area, supporting the cultural quarter.
- Improving pedestrian access and bus routes into Leicester city centre.
the Connecting Leicester programme has improved the quality of the public realm and accessibility across the city centre, and increased footfall arund shops, restaurants and commercial venues. Further investment is required to maintain and improve Leicester’s public realm, from the LLEP, the city council and from the private sector.
The southern sector of the city centre is suffering economically for a number of reasons including the movement of the retail emphasis in the City Centre to the north-west (Highcross) area, the impact of the recession and the closure of New Walk Centre. This project will address these issues.
|Project sponsors||Leicester City Council|
|Start date||December 2015|
|End date||March 2021|
|Total length of resurfaced roads||0.365km|
|Total length of new cycle ways||0.724km|
|Total length of new bus routes||65km|
|New offices and workspace||966m²|
|Area of site reclaimed, redeveloped or assembled||11,430m²|
|Jobs connected to the project||811|
|Follow-on investment at the site||£29.6m|
|Area of land released for development||1.7 acres|
|Enhancements to the central area of Leicester, particularly around the market, are expected to lead to additional investment (private and public) in the area, and have a positive impact on jobs and GVA. This will partly be achieved through increased take-up of currently vacant units for retail, residential and leisure purposes.|