ECF identified for Greyfriars regeneration
24.09.24 3 min read
ECF, via Muse, is set to partner with West Northamptonshire Council for the regeneration of Greyfriars in Northampton Town Centre.
The agreement would enable the partnership to explore and shape planning, delivery, and funding for the largest brownfield regeneration opportunity within West Northamptonshire. Once established, the proposal would be subject to further approvals from both parties, expected to be in summer 2025.
Greyfriars includes the former Greyfriars Bus Station, which was demolished in 2015, as well as the Mayorhold and Victoria Street Car Parks, Corn Exchange, Belgrave House, and East and West Island totalling over 14 acres.
The vision, which has been developed by West Northamptonshire Council and Studio Egret West with support from Homes England, seeks to re-imagine several derelict buildings with exciting new uses.
The Corn Exchange could form an arts and culture hub, whilst Belgrave House provides opportunities for an innovative workplace and business incubator. The regeneration could also include a new outdoor Amphitheatre to anchor landmark new public spaces.
New homes would support a vibrant new neighbourhood, alongside shops, cafes, and restaurants as part of a dynamic new place.
New residents and visitors are expected to spend an additional £21m in Northampton which will help drive the economy of the entire town centre, with as many as 7,000 full time equivalent jobs created during construction, generating £1 billion in economic value.
Sir Michael Lyons, Chair at ECF, said:
“Working in partnership with the local authority, ECF will support the development of a delivery model which aligns with the Greyfriars vision and supports long-term regeneration.
“Greyfriars has the potential to drive significant social and economic value and working together we can unlock the opportunity. Having expanded in size to £400m, ECF stands ready to collaborate with ambitious partners to deliver transformative regeneration.”
Cllr Dan Lister, Cabinet Member for Local Economy, Culture and Leisure said:
“As well as development plans on brownfield land at Four Waterside and Marefair which demonstrates the Council’s ambition but also commitment to delivering better public spaces. This partnership is an exciting step forward in our vision to regenerate the Greyfriars site into a vibrant neighbourhood which is set to amplify this part of town and turn this into a reality.
“ECF obtain a wide breadth of skills and knowledge which they will be bringing to West Northamptonshire as part of a long-term relationship to bring forward a viable and sustainable scheme.”