Revealed: The £45m facelift to transform Hull's industrial land that has Banksy at its heart
The River Hull snakes its way through industrial Hull
By Hull Daily Mail | Posted: 29 Mar 2018
The industrial heart of Hull could be in line for a multi-million pound facelift.
Council officials believe developing land either side of the River Hull to encourage new hi-tech firms in a £45m initiative is key to the future of the city's economy.
They want to create a so-called Tech Corridor along the river where traditional manufacturing industries have been based for more than 200 years.
The project, which is expected to see potential sites being acquired for new development, could also see around 400 new waterfront homes being built over a 10-year period.
It could transform an area currently best known for becoming home to the latest work by celebrated street artist Banksy as well as a huge graffiti wall being painted by Hull-based spray artists.
Banksy's Draw The Raised Bridge artwork on Scott Street bridge
The proposal forms part of a wider council plan for the government to co-invest in the city to build on the success of Hull 2017 and recent investments by the likes of Siemens, RB, Smith & Nephew and Croda.
Hull's proposed City Deal set out the council's priorities for more than £1bn worth of joint investment over the next two decades.
The Tech Corridor is one of the main priorities and also includes a proposed new £22m industrial research centre promoting cutting-edge manufacturing technologies.
City council leader, Councillor Steven Brady, said: "These ambitious proposals form the basis of our negotiations with Government and mark the next step in Hull’s economic journey.
"Delivery will result in the region becoming increasingly attractive for inward investment, creating opportunities and quality jobs for our people.
"A deal on this scale cannot be delivered by the council alone and public, private and community sector involvement will be vital as we drive this forward.
"Our economic trajectory is encouraging, we are now in a position to clearly demonstrate that our approach to the city’s development is the right one – our recent economic performance proves that we have made a dramatic difference to the local economy with more people in work and productivity clearly rising.
"We are striking while the iron is hot."
If given the go-ahead, a City Deal for Hull could see the council being given more powers to acquire derelict privately-owned land for re-development.
It could also see the creation of a new enterprise zone offering tax-breaks to firms developing new products.
The foundations of the River Hull initiative are literally being laid at the moment, with Environment Agency contractors currently working on a £36.5m programme to improve flood defences at 39 locations along the river.
The scheduled opening of the new £200m Energy Works power plant next to the River Hull in Cleveland Street later this year will signal another facelift for the area.
The site was previously occupied by a cocoa factory and a flour mill.
Meanwhile, closer to the city centre, the council announced earlier this week it had completed a deal to acquire the former Clarence Mill site and the nearby Trinity House buoy shed using a government grant.
The land between Drypool Bridge and Scale Lane bridge is being earmarked for new housing.
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