The Observer Building, Hastings (Phase 1a)
- Capital Investment - East Sussex, Growing Places Fund, Less than £2m
Approval Status
Fully Approved
Delivery Status
Construction In Progress
Expected Repayment Date
Spring 2026
The project will support the full redevelopment of the 4,000 sqm Observer Building in Hastings, which has been empty and increasingly derelict for 35 years, into a highly productive mixed-use building, creating new homes, jobs and enterprise space.
The Observer Building will include leisure and retail uses on the lower three floors, a wide range of workspaces including studios, offices and open space, 16 capped-rent flats and a public roof terrace and bar with sea, castle and town views.
The scale, ambition and connectivity of this community-led local redevelopment will help to transform the fortunes of the immediate area and the wider Hastings town centre.
£1,750,000 Growing Places Fund funding was awarded to bring forward the first phase of the redevelopment of the Observer Building.
An additional Growing Places Fund allocation of £1,616,500 was allocated to the project by the Accountability Board on 2 July 2021. This funding will be used to secure full renovation of the lower four floors of the building, essential works to the entire external shell of the building and internal mechanical and electrical works required to enable delivery of the proposed residential development.
This will bring the total Growing Places Fund to £3,366,500.
Investment in the Observer Building, Hastings
The Observer Building project has also been allocated £1.713m from the Getting Building Fund (Observer Building, Hastings (Phase 1b)) in order to support the renovation of the lower four floors of the building. Phases 1a and 1b of the project will be brought forward to the same delivery timetable.
Capital Programme delivery update
Take a look at our update on the delivery of the Local Growth Fund (LGF) and Growing Places Fund (GPF) capital programmes.
Growing Places Fund
The Growing Places Fund (GPF) was established by the Ministry for Housing, Communities and Local Government (formerly the Department for Communities and Local Government) and the Department for Transport (DfT) in 2011. The aim of this funding is to unlock economic growth, create jobs and ‘kick-start’ house building at stalled development sites.
Business Case Tranche 2