A NEW £3 million streamlined bus station will be built in Gloucester as part of the multi-million pound scheme to regenerate King’s Quarter.
Business body GFirst LEP confirmed that a conditional offer of £3 million has been made to developer Stanhope from the Gloucestershire Infrastructure Investment Fund.
It is the final funding needed to secure the new shopping and leisure development.
David Owen, chief executive, GFirst LEP added: “This is a major breakthrough to the regeneration of the King’s Quarter area of Gloucester and improvement to public transport.
“GFirst LEP is committed to working with partners to deliver a public transport service that is socially inclusive, giving everyone in the communities we serve access to social and economic opportunities through improved transportation links.”
The Citizen exclusively revealed the first plans of how the new King’s Quarter will look earlier this month.
The current King’s Square will become triangular shaped with a new building in front of The Regal, for shops and a cinema.
A second square will be created on Market Parade, in front of Tesco and Subway. New units home to designer retailers will open around that square, including an anchor tenant.
Councillor Paul James said: “The vast majority of the funding is now in place so the project has the green light to go ahead. This latest funding will give Gloucester the bus station it so desperately needs.”
A planning application will be submitted by developer Stanhope by the end of the year.