Cheltenham Borough Council To Become A Major Landowner In The Proposed Cyber Central Development After Agreeing On A 37.5 Million Pound Deal

0
Cheltenham Borough Council To Become A Major Landowner In The Proposed Cyber Central Development After Agreeing On A 37.5 Million Pound Deal
James Young

The Cheltenham Borough Council have hit the green button over a deal to secure 45-hectares of land for 37.5 million pounds. The council acquired the land which is located west of Cheltenham city as a developmental land. The purchase is the biggest single purchase made by the Cheltenham Borough Council. This is according to a presentation that was made at Gloucestershire College Friday morning.

The 45-hectares of land has been set aside for the development of the proposed Cyber Central. The council is eyeing the cyber central to be a top business hub in terms of cyber technology in Gloucestershire.

The 45-hectares is part of the proposed 132-hectare development land for a Garden Village Community that will be created to the west of Cheltenham.

Gloucestershire County Council, Tewkesbury Borough Council, and GFirst LEP have formed a partnership to develop the Cyber Central Scheme.

The scheme will include the Cheltenham Cyber Innovation centre, which was one of the development schemes include in 2015’s government spending review. The innovation centers will create a platform for innovators and other cyber start-ups to develop ideas, concepts, and products in an environment that is free of barriers and with the support of the academia, industry and most importantly the government.

Cheltenham Borough Council will now become a major landowner of the Cyber Central Development land after purchasing the 45-hectares within the boundary of Borough.

The council said that owning that piece of land will allow Cheltenham town to have great control to make sure that the project achieves its objective of becoming a world-leading cyber technology community.

A masterplan will be created to show more details on how the scheme will look.

The outline plans of the cyber central development were shown to the members of the business community in Gloucestershire and the media at a lunch event.

 

No posts to display

LEAVE A REPLY

Please enter your comment!
Please enter your name here