Winerack

Award: £5m. £5m to kick start the redevelopment of the Winerack building on Ipswich Waterfront.

The LEP investment sites alongside £15m from the Homes and Communities Agency through its Building Fund, which provides government-backed finance to developers of all sizes to help them build more homes and improve places.

The Winerack has been in a semi-constructed condition since the financial crash of 2008. It is a key development in the Ipswich Vision project, which brings together local partners to work towards a single vision for the regeneration of Ipswich town centre.

The completed project will create 149 residential units and 5,000 square feet of commercial space. It will support 56 new jobs.

 

Click here to see more Growing Places Fund projects.