York Central is a 45-acre ‘brownfield site’, located next to the train station and ear marked for transformation from underused land into a vibrant and distinctive business district, with residential neighbourhoods, cultural spaces and high-quality commercial office space. It’s said to be Europe’s largest city-centre regeneration (costing around £155m) and we’re lucky that it’s happening on our doorstep!
It will power York’s economy into the future, providing the homes the city needs and is expected to grow the local economy by 20% once completed (an additional £2.4bn by mid-2030’s).
It’s a public sector partnership formed by Homes England, Network Rail and City of York Council, with key business partners such as the National Rail Museum. York Central Partnership are currently in talks with CYC and various commercial organisations (including Government Agency’s) about securing part of the site for offices/retail/housing, once contracts have been signed the developers will have the financial backing to begin the build.
The York Central site is an ‘Enterprise Zone’, which allows the council to retain 50% of future business rates paid, financially benefitting the city’s future and a £155million funding pot has been secured from Central and Regional Government for the work.
Key benefits: 2,500 new homes | 112,000m of office space | +20,000 new jobs | New experience at the National Railway Museum | Creation of new Public Park
Plans submitted: In 2013, City of York Council created design and infrastructure studies for the site.
Start date: Planning permission has now been granted for works on the access bridge to begin in 2022.
Realistic completion date: 15 year scheme (if all goes to plan)
For more information, please visit: https://www.yorkcentral.info/