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Backing for town centre schemes costing £85m

Phil Corrigan
Local Democracy Reporting Service
Newcastle-under-Lyme Borough Council An artist's impression of the proposed new Ryecroft development. It shows a mainly dark building to the right of a walkway, with trees partly obscuring a building to the left.Newcastle-under-Lyme Borough Council
The proposed Ryecroft development includes 132 apartments and studios and an urban park for community use

Plans to spend nearly £85m on three projects aimed at transforming a Staffordshire town centre have been approved.

The schemes in Newcastle-under-Lyme will deliver about 300 flats along with amenities for residents and commercial space.

The Astley Place project includes 42 apartments, 11,148 sq ft of commercial space and a 3,046 sq ft music venue.

Midway features 111 apartments and more than 4,500 sq ft of shared facilities including a gym and mini-cinema, while Ryecroft would contain 132 apartments and studios.

Council chiefs plan to pay for building work through short-term borrowing over two or three years.

But this money, plus interest, will be recouped by selling the sites to developer Capital&Centric, once they have been completed.

The council also hopes to secure grant funding from Homes England.

Planning application Flats over several storeys, with those on the highest level red on the outside. The road, with some cars, is at the bottom of the photo. Planning application
This CGI image shows how Midway car park could look after being converted into more than 100 flats

Planning permission for the three schemes has yet to be granted.

The Astley Place and Midway developments will involve keeping much of the existing buildings.

This news was gathered by the Local Democracy Reporting Service which covers councils and other public service organisations.

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