Adur & Worthing Council to discuss key Regeneration tender plans for Worthing Town Centre

On Tuesday 9th June 2015 Adur and Worthing Council announced that Mosaic Global Investments Limited are the new owners and developers of the Teville Gate site in Worthing.  This exciting announcement marks another major step in our many ambitious regeneration plans for Worthing.

Daniel Humphreys, Leader Worthing Council adds "I am delighted to formally welcome Mosaic Global Investments Limited  as the new owners and developers of Teville Gate.  Their professionalism and vision for this major develpment in the heart of Worthing is very exciting.  Their commitment to creating jobs for our local residents is to be applauded and Adur & Worthing look forward to continuing to work with them on this project, which is key to our major regeration plans for Worthing."

Worthing Council has been working with senior colleagues at West Sussex County Council to secure future investment that will support our economic growth ambitions. Over the next five years, West Sussex County Council and Worthing Borough Council are committed to driving significant public and private investment into Worthing, to fund significant town centre, seafront, transport, commercial and residential development.  

The County Council are making significant contributions to the project management of our key regeneration and infrastructure projects and are pump-priming investment to develop a new Worthing Town Centre Investment Prospectus. 

This prospectus will promote Worthing as a significant opportunity for investment from the private sector, in addition to other public sector sources, to help transform our long term ambitions into shorter-term delivery and implementation options.

The invitation to tender will be issued later this month with a proposed completion of prospectus by late September / October 2015.  

The prospectus will inform Investors that Worthing is an up and coming place where investors can get a low-risk, commercial return on their investment. It will be:

·  Encouraging investment in our seafront and realising its greater potential

·  A rethink and reshape of the high-street and retail quarter including its layout and personality for today’s modern cities

·  Looking at improvements and better links to rail stations

·  Reviewing ideas for pedestrianisation, cycle routes and innovative intra-town transport

·  Reviewing our car parking provision to serve a modern town centre

·  Looking at areas for new residential neighbourhoods;

·  Looking to develop well designed public realm and open spaces

·  Provide ultra-fast broadband connectivity and town-wide WiFi

·  Offering a unique and world-class cultural offer with creative open space and event areas

·  Reviewing further options for a co-located or franchised higher education campus

·  Offering mixed use office and employment spaces which would attract high growth entrepreneurs and wealth creators

·  Providing ideas for creative/mixed use spaces for social entrepreneurs and community groups

·  Encouraging ideas and investment in cutting-edge water-sport facilities. 

The Prospectus will be undertaken with a comprehensive business and stakeholder consultation and engagement programme which will be guided by the Head of Place & Investment at the Council.