Financial support from Coast to Capital for Caterham Valley regeneration
We recently shared plans for the long-awaited regeneration of the Croydon Road area of Caterham Valley.
Below is the latest update from Tandridge District Council, which includes news of financial support from Coast to Capital and a new Workary facility for small businesses in Quadrant House.
An ambitious project to help regenerate Caterham Valley’s town centre has received a boost, following financial support from Coast to Capital Local Enterprise Partnership.
Coast to Capital will provide £4.9 million in funding through the Local Growth Fund, awarded to Local Enterprise Partnerships like Coast to Capital for investment in projects that benefit local areas and economies.
This funding is in addition to the £225,000 it previously awarded and both sets of funding will help us transform Quadrant House in Caterham Valley town centre, helping support local businesses and generate economic growth in the area, to create a sustainable place for residents and local businesses.
The initial funding is being used to refurbish the common parts of Quadrant House and to create the Workary, Caterham, where small businesses in the area will soon be able to access local flexible, affordable work space and business support, along with face to face and digital networking opportunities.
The additional funding will enable us to refurbish the remaining vacant suites to better suit modern requirements, to significantly improve the external appearance of the building and to incorporate a number of environmental features such as solar panels, a green wall or green roof and heat recovery air conditioning.
The new funding will also support the Caterham Business Improvement District’s (BID) plans to improve Croydon Road by providing safer crossing points, more planting, wider pavements and more places to meet, rest or dwell.
The project will attract more people to the area, support the local economy and protect jobs and the environment.
Comment from Andrew Browne, Chairman of Caterham Valley For You
“This is fantastic news for the Caterham BID (business improvement district). It demonstrates what can be achieved when the BID works in partnership with the local authority and will bring about the changes that we have been fighting for, which will make Caterham an even better place to do business.”
