The Margate Town Investment Plan provides a long term plan to transform Margate and act as a catalyst for future investment. Submitted to the Ministry for Housing, Communities and Local Government in December as part of the Town Deal process, the plan identifies £29m of interlinked investments. The bid was developed by We Made That and PRD, alongside Thanet District Council, the Town Team, People’s Panel, stakeholders, local businesses and the community. The full document can be read here.
Four project interventions have been outlined to address the challenges facing the town, helping to provide long-lasting benefits for local people and create a nationally significant visitor offer to support COVID-19 recovery. The bid for £29m includes £9m investment in Scaling Margate’s Creative Production and Skills, £6.5m investment in Coastal Wellbeing, £4.5m investment in Public Realm and Connections and £9m investment in Supporting and Diversifying Heritage Assets.
Feedback from central government is expected by spring this year. If Heads of Terms are agreed, the Board will have 12 months to develop business cases for the selected projects with local partners, stakeholders and the People’s Panel.