The objective of the Bigg Market project is to create an economically viable area that is an attractive location for businesses, residents and visitors.
Home to 31 listed buildings and formerly the site of Newcastle’s Town Hall, the Bigg Market has been in decline since the 1990’s, with many of the area’s properties currently vacant or only partially in use.
Recognising the significant commercial opportunity combined with its unique heritage assets, NE1 successfully applied for £1.6m from the Heritage Lottery Fund’s (HLF) Townscape Heritage initiative. The development phase of the HLF project is currently underway with planning approval granted in July 2016 and HLF phase 2 approval in September 2016, work is scheduled to begin on the delivery phase in 2017.
This public and privately funded project is valued at £3.2m with the potential to leverage an additional £30m of investment from surrounding land owners.
NE1 hosted the first in a series of public consultations in March 2016 and will provide further updates as plans progress.
Further information can be found in our prospectus.
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