Innovation Hub: Diversification of Chatham Town Centre
- Capital Investment - Getting Building Fund, Kent & Medway, Less than £2m
Approval Status
Fully approved
Delivery Status
Design in progress
Expected Completion Date
Autumn 2024
The Innovation Hub: Diversification of Chatham Town Centre Project will create a new flexible, SME-focused employment Innovation Hub alongside provision of business support services on the first floor of the Pentagon Shopping Centre in Chatham town centre. The workspace will deliver increased employment opportunities and a dedicated workspace to allow local businesses to develop and sustain growth, while also supporting the diversification and viability of Chatham town centre.
The GBF investment will support the delivery of an existing project to diversify the Pentagon Centre through the delivery of an Innovation Hub, for which Medway Council was granted Future High Streets Fund funding in 2020. The proposed Innovation Hub is being delivered alongside a Healthy Living Centre, also partly funded by the Future High Streets Fund, which will integrate community services in a visible, highly accessible location.
| Project Outputs/Outcomes | |
|---|---|
| Commercial Space | 681 sqm |
| Jobs Created | 234 |
£85m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock
The Getting Building Fund focuses on projects that can progress quickly and that will stimulate and better integrate economies in some of the most economically impacted and COVID-affected parts of the South East.
£85m of Getting Building Fund investment has been secured, enabling delivery of 45 projects across East Sussex, Essex, Kent, Medway, Southend and Thurrock.