Page 129 - Barrow Town Deal Board Agenda 14/4/2020

Concept 2 Concept Strengths:

▪ Good case made for the need for intervention, with examples of
Overview three potential assets to be improved identified.

This project will identify and regenerate prominent ▪ Aligns with FHSF/HAZ aspirations for the town centre
commercial town centre assets into either commercial
or residential properties.

Concept Weaknesses:

▪ The justification for the £3m ask needs to be strengthened

▪ No match funding options identified
Project Name Town Centre Regeneration Fund
▪ Evidence of demand for revitalised spaces
Project Type Urban Regeneration & Land Use (commercial/housing) has not been undertaken

▪ End use of revitalised assets undetermined which makes it
Total Cost & TIP Funding £3m (fully funded by TIP) difficult to ascertain scale of impact at this stage
Request Capital
▪ Alternative options for assets are not explored
Location Barrow town centre
▪ Project dependencies are not explored (i.e. ownership, planning
Direct outputs Delivery of residential and permission, and heritage implications)
commercial space
▪ Financial sustainability risk if regenerated properties are not let
Wider impacts Regeneration of Barrow town centre

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