Following the submission of the Final Project List in June 2021, we have up to twelve months to develop full business cases for the Margate Town Deal. It is then only once these business cases are developed that the Town Deal funds will be received and the five year delivery phase of projects can begin.
The Margate Town Deal Board has identified seven potential business cases.
|Business Cases||Town Investment Plan Intervention||Project||Potential Funding Allocation|
|Business Case 1|
Potentially Fast Tracked
Scaling Creative Production and Skills
|Creative Land Trust||£6,000,000|
|Business Case 2||Theatre Royal||£2,000,000|
|Business Case 3||Intervention 2:|
|Access Walpole to include; Refurbishment of lift and rotunda, steps, and tidal pool and surrounds||£1,100,000|
|Testing new uses, participation and skills programme||£1,200,000|
|Improved Coastal Environment||Oval Bandstand: £500,000|
|Business Case 4||Intervention 3:|
Active Movement and Connections
|Business Case 5||Public Realm Interventions|
|Business Case 6||Intervention 4:|
|Business Case 7||Winter Gardens||£500,000|
A proportionate approach will be taken to the business cases in relation to the scale of the project. The Margate Town Deal Board intends to work with specialist consultants and project deliverers where necessary to develop the business cases.
The business case development phase will be supported and informed by a programme of community and stakeholder engagement. This will include continued work with the Margate Town Deal People’s Panel.