Levelling Up Funding for £4m Hull apartments project

Levelling Up Funding has been awarded to a £4m project to create new apartments in Hull city centre.A grant of £390,000 has been awarded from Hull City Council’s government grant scheme to DAQRI Ltd for its conversion of 9-11 Chapel Lane.The funding is to support Phase 1 and part of Phase 2 of the overall development proposals, which includes 19 apartments, comprising 14 one-bedroomed apartments, four two-bedroomed apartments and one three-bedroomed apartment.A further 17 apartments would be created as part of later phases.The costs of Phase 1 and part of Phase 2 is £1.65m, with the overall development estimated to cost around £4.12m, meaning more than £3.5m of private sector capital is being invested.The project will bring the grade II-listed Standidge Building, 9 Chapel Lane back into use, as well as its two neighbouring properties.About 17,500 sq ft of unused floorspace will be brought back into use, with two full-time equivalent jobs created.Cllr Paul Drake-Davis, portfolio holder for regeneration and housing at Hull City Council, said: “This project not only brings back into use a dilapidated heritage building, but will also help address the growing demand for city centre living in Hull.”It is pleasing that the council is able to support the applicant’s significant private investment through this Levelling Up Fund Grant award.”