Telford's £12m regeneration plan to revive economy and create 500 homes
Telford and Wrekin Council has announced a £12 million investment to transform key areas across the borough. The funding, drawn from the authority's £60 million Regeneration and Investment fund, will kickstart three major projects aimed at boosting housing, business and leisure opportunities. Councillors say the schemes will help revive the local economy after the pandemic's impact. The largest of the projects will develop the new Station Quarter in Telford Town Centre. This scheme is expected to improve transport links and attract further investment, according to Cllr David Wright, cabinet lead for regeneration. He also stressed that without the council's funding, these developments would not go ahead.
The money will also support a housing-led project in Donnington and the redevelopment of the former New College site in Wellington. Together, these three schemes will deliver around 500 new homes, including affordable and private rent options. Up to 60 new jobs could be created through the business and leisure facilities planned as part of the developments.
In addition to the council's £12 million, a further £7 million grant has been secured from the Marches Local Enterprise Partnership (LEP) Local Growth Fund. The combined investment will bring over 20 hectares of derelict land back into use. The council's funding aims to stimulate growth and breathe new life into underused sites. With new homes, jobs and improved infrastructure on the way, the projects mark a significant step in Telford's post-pandemic recovery. Work on the schemes is set to begin following the allocation of funds.
