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HCA Funding boost confirmed for Hull’s Fruit Market

The Homes and Communities Agency (HCA) has announced an allocation of £10.45million of additional funding for the regeneration of Hull’s Fruit Market.

The new funding, a response to the economic downturn, is designed to revive stalled plans for the area and ensure that construction work is underway as soon as possible.

The new action plan has been drawn up by the HCA in partnership with Hull City Council, economic development company Hull Forward, housing market renewal pathfinder Gateway and regional development agency Yorkshire Forward.

The approach has been designed to maintain crucial momentum in the regeneration of the Fruit Market over the next three years, preparing the scheme for an eventual upturn in the economy and maintaining confidence in the project in the current market conditions.

The HCA funding will be spent on a variety of schemes, including:

The first phase of public realm works on Humber Dock Street and Nelson Street;

Investment in the design of a multi storey car park;

Selective demolition and site clearance to improve the overall appearance and marketability of the area;

The development of temporary spaces for educational, creative and leisure uses, to start the process of developing the Fruit Market as a destination.

Plans to relocate the majority of the fruit traders to a new site at Priory Park by October 2009 are still going ahead.

Part of the new HCA funding will be used for further land acquisition, as the fruit traders relocate and as other properties become available as a result of the current economic climate. Yorkshire Forward has also increased its investment for land acquisition by £2.7m.

Additional funding will be needed before the regeneration of the entire area can be completed. This will be reviewed in line with future property market conditions.

David Curtis, regional director for the Homes and Communities Agency, said: “Since the downturn began we have been working extremely hard to bring a flexible and innovative approach to as many regeneration projects as possible. The Fruit Market is Hull’s top regeneration priority and this new funding will help get the delivery plans back on track. We are determined to see construction work on site very quickly, which should help boost confidence despite the difficult economic climate.”

“I have been very impressed with the way all the partners have come together to give this hugely important project the best possible chance. It is a great example of how our new approach of using a “single conversation” to bring solutions to these difficult projects is working.”

John Holmes, Chief Executive of Hull Forward, said: “We are absolutely delighted by this decision. It ensures that we can continue with the high quality, comprehensive redevelopment of the Fruit Market, which remains a priority for us.

“Not only does this funding ensure that our longer terms objectives will be met, but it also allows us to deliver shorter term measures which will animate the area. We will work to ensure that this activity is progressed as much as possible in advance of the Clipper event in September.”

The regeneration of Hull’s Fruit Market will ultimately deliver a community and destination including 430 housing units, 4,000 sq m of office and work space, 6,500 sq m of retail units and 150 hotel bed spaces. There will be significant improvements to the public realm, giving a strong character and coherence to the Fruit Market as a place to live, work in and visit.

Email: dianne.collins@hca.gsx.gov.uk


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