The Chancellor
Sajid Javid visited Stroud’s Five Valleys shopping centre this morning to
find out more about the major redevelopment programme which is underway in
the town.
Five Valleys is
currently undergoing a £30 million transformation of the previously
run-down centre, creating a vibrant new retail destination in the heart of
the town centre and attracting new businesses to Stroud.
The development is
being brought forward by Sheffield based Dransfield Properties Ltd – Phase
3 of the ambitious project is on schedule to be completed next summer which
involves a major upgrading of the multi-storey car park as well as a
remodelled mall area, creating a new “Borough Market” style indoor
market.
Project Director
at Dransfield Properties Gavin Ward and Centre Manager Dionne Moore were
joined by the Prospective Parliamentary Candidate for the Conservative
Party Siobhan Baillie. Mr Javid was shown the completed first phases as
well as future plans for a new town centre GP surgery.
Completed phases
of the development have seen the transformation of the interior of the car
park as well as the King Street elevation at the centre, creating new
retail units and apartments. JoJo Maman Bebe has recently opened in this
part of the Five Valley’s development.
The Chancellor
spent more than an hour looking around the centre and said how impressed he
was with the future plans for Five Valleys and what had already been
achieved at the centre.
Siobhan said: “I
am thrilled to have an opportunity to show the Chancellor of the Exchequer
around the brilliant Five Valleys shopping centre scheme as I am passionate
about supporting Stroud’s High Streets. As the MP here I would continue to
fight for more investment into the town.”
The Chancellor
Sajid Javid added: “I thoroughly enjoyed spending the morning in Stroud
with Siobhan. She’s doing a wonderful job of championing the redevelopment
of the town centre, and attracting further investment into the community. I
look forward to seeing the end result of her efforts!”
Gavin Ward added:
“It was great to have the opportunity to talk the Chancellor this morning
about the work we are doing in Stroud. We are incredibly proud of our town
centre projects across the country and our plans here in Stroud will be
truly transformational.”
GFirst LEP is
providing a £1 million loan and a £3 million grant for the Five Valleys
development. Once completed the project will elevate the town’s retail
standing and attract a host of new businesses to Stroud as well as creating
new residential and office units.
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