Programme update
Having identified potential projects in our successful Town Investment Plan, the government asked for the shortlisted projects to get further developed and demonstrate their feasibility through the development of their business cases.
This was a complex process requiring the leading organisations to provide the details of the cost and scope of each project, as well as outlining key milestones and construction dates. Nine projects were finally chosen to be included in the St Ives Town Deal programme.
In September 2022 the Government released the first instalment of Town Deal funding to Cornwall Council. This meant that work could begin on delivering our long awaited regeneration projects.
Work is now taking place to issue formal contracts to the projects to enable them to go forward with their plans. These may include commissioning staff and contractors, submitting planning applications and securing additional match funding.
All the Town Deal funding must be spent by the end of March 2026.
While the smaller scale projects will be completed early in the programme, the larger scale transformation projects, which are more complex and may require additional external funding, will inevitably take longer to deliver. However, all are expected to be completed by the end of the Town Deal programme in March 2026, regenerating and invigorating the town, bringing in new facilities and fresh opportunities for the local community.
Regular updates on the overall Town Deal programme and the progress in delivering individual projects will be provided via our website and social media channels, and in the local media.