£300 million scheme to revive a derelict Brighton site with hundreds of homes

From Brighton & Hove News

A £300 million scheme to revive a derelict Brighton site with hundreds of homes and jobs has been signed by Brighton and Hove City Council and developer U+I.

The regeneration specialist said: “U+I today announces that a deal to radically transform the Lewes Road area of Brighton is now unconditional after contracts completed with Brighton and Hove City Council to deliver one of the city’s biggest ever mixed-use regeneration projects.

“Preston Barracks, in Brighton, a brownfield site which has lain derelict for over two decades, forms part of the wider regeneration partnership with the University of Brighton which will transform the area into a thriving new destination for people to live, work and learn.

“The £300 million gross development value project will deliver over 1,500 new jobs, 369 homes, 1,338 student beds and bring £281 million into Brighton and Hove’s economy over the next ten years.

“U+I’s proposals for the Preston Barracks site include 369 new homes, 534 student beds (a partnership with Scape Student Living), and a 50,000 sq ft innovation hub for start-up businesses and entrepreneurs.

“This forms part of plans to attract enterprising and high-growth companies and increase international investment into Brighton and Hove.

“The hub has already attracted £7.7 million of grant funding from Coast to Capital Local Enterprise Partnership.

“This innovation hub is a tried and tested model for U+I. The first fully operational hub, known as the CRL (Central Research Laboratory) is located at its Old Vinyl Factory project in Hayes, where it complements the ongoing regeneration work by providing an innovative new workplace for local start-ups and entrepreneurs, and a place for the community to come together.”

For the full report click here.

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