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Cornwall Council backs next stage of £170m Truro regeneration scheme

Cornwall Council have backed the next stage of a £170m regeneration scheme aimed at revitalising the run-down Pydar Street area of Truro.

The innovative scheme is aiming to provide homes, workspaces, learning opportunities and job creation as part of a vibrant, exciting new neighbourhood. Green spaces and good quality public realm have been flagged as key elements of the plans.

Bob Egerton, portfolio holder for economy for culture, economy and planning, said: “The project team has developed a bold vision for Pydar Street which is focused on putting the community back into the heart of the city.

"Around 300 new homes are envisaged where different generations can live together and learn from and support each other. 35% of these new homes will be affordable, with a mix of housing set in a visually stunning landscape with rooftop gardens, play areas and green spaces.”

“Add in historical walks, cafes, restaurants, nature trails, a hotel and great leisure, hospitality and cultural facilities which connect the city with its rivers and waterfront and Pydar Street is set to champion the very best of Cornwall and become an exciting blue print for the future.”

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“The project will also become a beacon for new ways of living and help tackle the climate emergency by aspiring to be a ‘carbon natural in use’ site, championing clean energy, urban agriculture and the electric vehicle revolution.”

The council’s cabinet allocated £3m to fund the next stage. As part of the meeting, councillors agreed the proposed masterplan, outline business case and that an outline planning application should be submitted for the scheme early next year.

Regeneration efforts have been centred around a major site at the end of Pydar Street, which has been identified as a key area in the centre of Truro currently standing partially derelict.

The £170m regenerations plans are expected to help deliver on the council’s commitment to provide new low carbon homes for Cornwall.

Plans have also been submitted to create ‘The Hive’, a hub for creative industries, with the goal of bringing jobs and ensuring top talent from the nearby Falmouth University and established local businesses remain in Corwall.


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