Bolton Council to Deliver £1bn Masterplan

The socio-economic changes that have been caused by COVID-19 have been accommodated by Bolton Council and its development partners to ensure that their delivery of the £1 billion masterplan to regeneration Bolton town centre by 2030 will be fit for purpose, according to new analysis from Deloitte.

The investor prospectus commissioned by the authority shows how its Vision 2030 programme will address the new circumstances which have been brought about by the pandemic, thus allowing the town to fulfil its potential for the next decade and beyond.

Simon Bedford, Partner at Deloitte, and Head of the Local Government Development Team said: “Bolton Council remains committed to delivering its plans for a redeveloped town centre and continues to engage with developers and investors to understand the implications of the pandemic on committed and emerging schemes within the six identified opportunity areas.”

“Local retail centres will have a role in driving future economic recovery as consumers increasingly choose to buy local, supporting local businesses and supply chains post COVID-19.”

The Deloitte study also examines how Bolton Council is working with its developer partners in order to respond to trends that affect its six landmark mixed use schemes at Trinity Quarter, Church Wharf, Crompton Place/Bolton Victoria Square, Croal Valley, Cheadle Square and the new Blackhorse Street-Bolton Digital City.

The Big Four firm also believes Bolton’s town centre schemes ‘present an opportunity for remodelling the urban environment to better meet the needs and demands of a post-COVID society.’

Cllr David Greenhalgh, Leader of Bolton Council, said: “The flexible and adaptable nature of our six mixed-use schemes, and the commitment of our developer partners, means we remain on course to deliver a transformed town centre by 2030.”

It is hoped that Bolton’s regeneration programme will have provided 1,700 homes and 4,411 full-time jobs by 2030, injecting £487.5m GVA of additional economic activity.

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