New £43M Investments in our town!


Future Proofing Colchester!

Recovery matters - from pandemic AND recession. As retail moves online more jobs are at risk. Investments can help, not just the look and feel of our town, but to draw in visitors, to help locals make a choice between other towns and ours.  The private sector can play their part. Our Lib Dem led Council can make a big difference. So it's great news we are recommending a new capital programme to our Council colleagues.

CGI - how St Nicholas Square in Colchester will look if plans go ahead

The Lib Dem led Council Cabinet play a part. By agreement to a new capital strategy and capital programme, which will see it invest upwards of £43 million across the borough over the next few years. From new business units, flexible spaces for modern hybrid working, extra support for creative, digital and start up businesses, to £130,000 for a new lift at Vineyard Street car park. And new monies for the creation of St Nicholas Square.

How the Mercury Theatre could look like after its redevelopment. Photo: Amy Carbonero

Investments agreed will help complete the Mercury Theatre’s redevelopment. And provide £40 million to be spent on our Housing Investment Programme, which will see hundreds of affordable homes built over the next few years. This and more, will help bring jobs and sustain many others, invest as we invest in our future as a great place to live, work and visit. 

 


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