A local charity have secured funding of £941,000 funds from the Black Country Local Enterprise Partnership to complete a landmark building project in Wolverhampton City Centre.
The deal was signed-off today (11/12/2020) between YMCA Black Country Group and Walsall Council (on behalf of BCLEP) and will see the completion of Phase 2 of the YMCA Cleveland Road ‘City Gateway’ scheme, on the site of the former bus depot, next to the Royal Hospital.
The funding, from the Black Country Growth Deal, secures the creation of a new childcare nursery, a community training area, and 300 sqm of additional commercial / retail units. It will also support hundreds of Wolverhampton residents, delivering adult learning & skills programmes and providing support for new business start-ups.
The YMCA Cleveland Road ‘City Gateway’ scheme is being built by local developer, Jessup, and is due to complete in late Spring 2021. It represents a £8.4M investment in the City, including £3.8M investment from Homes England and £3.6M from YMCA BCG, in addition to the Black Country LEP funding announcement.
Phase 1, of the project, the construction of 63 studio apartments, began in March 2019.
Steve Clay, CEO of YMCA Black Country Group said:
“YMCA has been serving Wolverhampton residents for over 100 years, but this is the first time it has invested in permanent roots. YMCA’s Cleveland Road ‘City Gateway’ scheme represents a commitment to the City of Wolverhampton, and to the wider Black Country”
Tom Westley DL, Chair of the Black Country LEP said:
“We are delighted to be supporting the YMCA’s Cleveland Road ‘City Gateway’ scheme and in doing so not only support the on-going physical redevelopment of Wolverhampton but also to be investing in the people of Wolverhampton. Now more than ever we need to be focused on supporting our communities from childcare through to skills training and business start ups to ensure the Black Country continues to focus on and strengthen the local economy for everyone.”
Councillor Beverley Momenabadi, Ettingshall said:
“I’m tremendously pleased to hear about the YMCA Cleveland Road ‘City Gateway’ funding. This is a hugely important project for Ettingshall and the city of Wolverhampton. I know the YMCA will continue the fantastic work from their new home in Cleveland Street around housing, support, education and employment and I’m pleased to support them on this journey.”
Pat McFadden, MP Wolverhampton South East, said:
“This is a very important project both for YMCA and for the city of Wolverhampton. I am pleased that the YMCA has secured the funding needed to complete the project. It will provide much needed new housing for young people in Wolverhampton and complete a regeneration project on a site that has been unused for too long.”
City of Wolverhampton Council Cabinet Member for City Economy, Councillor Stephen Simkins, said:
“This development is a sign of the commitment from the council and its partners - in the most difficult of recent times - to strengthening the green shoots of recovery for all within the city. This is great news for a strategically important site that is part of the multi-billion-pound regeneration taking place in our city. This funding ensures the continuing transformation of this area - making the former Royal site a key gateway to the city centre. Crucially, the next phase of the scheme will also deliver vital education, training, skills and job opportunities for Wolverhampton residents. It is a critical part of how we are re-imagining and re-inventing our city centre, alongside great urban living, great connectivity, great public spaces, a great leisure and sporting offer, vibrant events, outstanding arts and culture, and a thriving commercial district.”
Clive Jessup, Jessup CEO, said:
“We are delighted to be delivering this regeneration scheme, which forms part of the new gateway into the City of Wolverhampton. Jessup acquired the land and secured suitable planning and grant funding from Homes England for the residential part of the project. It is good news that this section of funding can now complete the commercial elements of the building which will benefit the local community and will be built by our local skilled supply chain.”