A total of £1,034,000 funding has been secured by the Council from the Coast to Capital (LEP) Local Growth Fund to support the delivery of the RegenOxted Programme. The funding is subject to due diligence and final checks and will be used to support the development of the Ellice Road car park in Oxted, which will provide additional parking capacity for residents, shoppers, local businesses and commuters.
The extra parking planned for the town centre will support the wider aims of the RegenOxted programme, which will also deliver the redevelopment of the gasholder site and an Urban Redesign project which will enhance the look of Station Road East and West, making the town centre a more attractive place for shoppers and visitors. It will also see the creation of a business hub to attract new businesses to the area.
Work is currently underway on the detailed designs for the car park and the Council is looking at options to provide up to two decks of additional parking capacity. A planning application for the development will be submitted shortly, following consultation with local residents.
Councillor Martin Fisher, Leader of the Council, said: “I am delighted we have secured over £1 million of funding. This is a significant award and Coast to Capital has recognised the ambitions of the RegenOxted programme, which will transform the economic prosperity of our town to benefit our residents, businesses and the area.”
Jonathan Sharrock, Chief Executive at Coast to Capital, said: "Improving the infrastructure of our region is critical to its continued success, with that in mind we are thrilled to have contributed to the RegenOxted project. Our support will help improve parking capacity that will not only enhance facilities for residents and local businesses, but also provides easier access for visitors into the town, adding to its overall prosperity. We look forward to working with our partners and seeing the results of this project as it comes to fruition."