The Shrewsbury Flaxmill Maltings – home to the world’s first iron-framed structure and which contains eight listed industrial heritage buildings – was awarded £1.92million of Growth Deal 3 funding in 2019 to remediate two hectares of brownfield land next to the complex.
This project will help provide the infrastructure to unlock the provision of 120 new residential units and businesses which in turn will help regenerate one of the most deprived areas in the country.
It will also enable significant infrastructure improvements to be made in and around the site, including new cycleways and various works to decontaminate and mitigate any environmental impact associated with the developments.
£2million Growth Deal 3 investment as part of a heritage conservation and regeneration project
120 new housing units
60 work placements and 300 additional new jobs created in the Main Mill
The Growth Deal funding will help improve access to the site by upgrading a roundabout on the A5191, construct an access road which will also help provide access for the future housing development and has enabled the construction of a bat house to protect the various species found and enable work on the Main Mill. In addition, 60 work placements will also be created over the lifetime of the project.
In March 2020, an additional £80,000 was awarded to the project to fund stabilisation works to a retaining wall taking total grant funding to £2million.
The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.
The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.
The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.
We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.
The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.
The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk
For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk
For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk
The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com