Total: £39,629,000
Claylands Redevelopment
Council-owned land at Claylands will be redeveloped using a combination of Council and Heart of the Southwest Local Enterprise Partnership funding. When fully developed the site will support approximately 350-400 jobs and will support the growth of the business rate base.
- Latest approval: Council - 10 December 2015 updated at Council - 19 October 2017
- Total estimated cost: £10,440,000
- 2022/23 Budget: £350,000
Additional funding - contribution from the tenant
- Latest approval: Council - 121 September 2021
- Total estimated cost: £710,000
Edginswell Business Park
Unit 1
Development of retail unit for regeneration.
- Latest approval: Council - 22 June 2017
- Total estimated cost: £5,819,000
- 2022/23 Budget: £4,000,000
Unit 3
Development of retail unit for regeneration.
- Latest approval: Council - 22 June 2017
- Total estimated cost: £6,500,000
- 2022/23 Budget: £2,000,000
Edginswell Enabling Works
Additional grant support for infrastructure improvements on the Edginswell Business Park site, funded by LEP grant.
- Latest approval: Council - 16 June 2021
- Total estimated cost: £1,957,000
- 2022/23 Budget: £1,757,000
Edginswell Station
Provision of a new railway station to enhance transport options to the Edginswell area including Torbay Hospital. DfT New Stations Fund grant £7.883m with costs likely to be spread across two years.
- Latest approval: Cabinet - 16 November 2021
- Total estimated cost: £13,017,000
- 2022/23 Budget: £4,000,000
Lymington Road Business Centre
Additional start-up workshop units at Torquay Coach station site funded with LEP grant.
- Latest approval: Cabinet - 16 June 2020, and 15 December 2020, 16 November 2021 and February 2022
- Total estimated cost: £3,527,000
- 2022/23 Budget: £3,330,000
Flood Defence Schemes
This budget represents resources for flood alleviation work largely funded by Environment Agency at Cockington and Monksbridge.
- Latest approval: Council - 27 September 2021
- Total estimated cost: £740,000
- 2022/23 Budget: £396,000
Paignton Coastal Defence Scheme
Scheme to provide additional protection against sea inundation in low lying areas of Paignton and Preston.
- Latest approval: Cabinet - January 2020
- Total estimated cost: £3,142,000
- 2022/23 Budget: £1,705,000
Princess Pier Structural repairs
Structural repairs to the superstructure alongside potential substructure repairs partly funded by the Environment Agency.
- Latest approval: Council - 1 February 2012 and updated at Council - 13 September 2017
- Total estimated cost: £1,665,000
- 2022/23 Budget: £796,000
RICC Improvements - Backlog Repairs
To improve facilities and refurbish the RICC to facilitate a new management agreement.
- Latest approval: Council - 18 February 2012 and 6 February 2020.
- Total estimated cost: £1,250,000
- 2022/23 Budget: £493,000
Transport - Integrated Transport Schemes
Grant allocations from the Department for Transport.
- Latest approval: Council - 26 February 2015 and updated at Council - 13 September 2017
Torquay Gateway Road Improvements/Roads Structural Maintenance
The allocations are linked to the value of the planned maintenance backlog on the road network. The Council agreed to allocate these resources in line with Government intentions. £1.5m has been allocated to the Edginswell Station project. Details of 2022/23 allocations are still awaited.
Government intentions. £1.5m has been allocated to Edginswell Station project.
Details of 2022/23 allocations are still awaited.
- Latest approval: Council - 26 February 2015 and updated at Council - 13 September 2017
- 2022/23 Budget: £150,000
Torquay Gateway Road Improvements
The Council successfully submitted a bid to the Local Transport Board for improvements at Torquay Gateway. The Government subsequently confirmed its funding to the Local Transport Board to support this scheme with the Council approving a contribution to the scheme.
- Latest approval: Council - 27 September 2014
- Total estimated cost: £2,927,000
- 2022/23 Budget: £80,000
Additional funding - S106
- Latest approval: Council - 21 September 2021.
- Total estimated cost: £41,000
Paignton Future High Streets Funding
Government grant allocation of £13.363m to regenerate Paignton town centre.
- Latest approval: Cabinet - 14 July 2020
Breakdown of the grant application:
Torbay Road
- Total estimated cost: £668,000
- 2022/23 Budget: £659,000
Station Square
- Total estimated cost: £2,259,000
- 2022/23 Budget: £1,254,000
Victoria Centre Phase 1
- Total estimated cost: £652,000
- 2022/23 Budget: £652,000
Victoria Centre Phase 2
- Total estimated cost: £3,862,000
- 2022/23 Budget: £3,844,000
Picture House
- Total estimated cost: £1,285,000
- 2022/23 Budget: £1,101,000
Diversification
- Total estimated cost: £1,300,000
- 2022/23 Budget: £0
Crossways
Transferred to a project within Thriving People & Communities
- Latest approval: Cabinet - 16 November 2021
- Total estimated cost: £2,766,000 (£2,766,000)
Flood Defence
- Total estimated cost: £571,000
- 2022/23 Budget: £114,000
Western Corridor Improvements
The Council successfully submitted a bid to the Local Transport Board for improvements to the Western Corridor. The Government subsequently confirmed its funding to the Local Transport Board to support this scheme with the Council approving a contribution to the scheme.
- Latest approval: Council - 27 September 2014
- Total estimated cost: £12,271,000
- 2022/23 Budget: £257,000
Additional funding - S106
- Latest approval: Council - 21 September 2021
- Total estimated cost: £22,000
Torquay Town Deal
Government grant allocation of £21.9m to regenerate Torquay town centre.
Breakdown of grant application:
Programme Management
- Total estimated cost: £157,000
- 2022/23 Budget: £52,000
Union Square Phase 1
- Total estimated cost: £5,050,000
- 2022/23 Budget: £3,100,000
Union Square Phase 2
- Total estimated cost: £5,993,000
- 2022/23 Budget: £750,000
Strand Land Assembly and Demolition
Funding transfer regarding Debenhams Acquisition costs.
- Total estimated cost: £2,000,000 (£1,769,000)
Remaining funding - demolition
- Total estimated cost: £231,000
- 2022/23 Budget: £231,000
Harbour Public Realm
- Total estimated cost: £2,500,000
- 2022/23 Budget: £2,500,000
Pavilion
- Total estimated cost: £2,000,000
- 2022/23 Budget: £1,900,000
Core Area Public Realm
- Total estimated cost: £600,000
- 2022/23 Budget: £575,000
Stronger Future
Moved to Revenue
- Total estimated cost: £600,000 (£600,000)
Edginswell Station
Moved to Edginswell Station Project
- Total estimated cost: £3,000,000 (£3,000,000)
Harbour View Hotel Development
New hotel (Premier Inn) development on the Terrace Car Park site
- Latest approval: Investment and Regeneration Committee - 10 July 2018 and Cabinet - 19 May 2020
- Total estimated cost: £14,017,000
- 2022/23 Budget: £765,000
Old Toll House
Redevelop site to support Town Centre Regeneration – funded from Economic Growth Fund.
- Latest approval: Cabinet - November 2019
- Total estimated cost: £1,200,000
- 2022/23 Budget: £350,000
Corbyn Head - Development of former WCs
Redevelop of the site to support Town Centre Regeneration – funded from Economic Growth Fund.
- Latest approval: Cabinet - 14 December 2021
- Total estimated cost: £1,250,000
- 2022/23 Budget: £1,250,000
Preston (North) – Development of former WCs
Redevelop of the site to support Town Centre Regeneration – funded from Economic Growth Fund.
- Latest approval: Cabinet - 14 December 2021
- Total estimated cost: £718,000
- 2022/23 Budget: £718,000
Car Park Investment
Investment in car park infrastructure. Allocation of budget to be by Director of Place in consultation with Leader of the Council, Cabinet Lead for Finance and Cabinet Lead for Infrastructure, Environment and Culture.
- Latest approval: Council - 3 March 2022
- Total estimated cost: £1,000,000
- 2022/23 Budget: £500,000