Bradford One receives major funding
Bradford One has received a major boost with the award of a grant of £90,000 from the Social Investment Business (SIB).
SIB manages the ‘Community Ownership and Management of Assets Fund’, on behalf of the Department of Communities and Local Government, created specifically to support community-led initiatives to take on and run buildings like the former Bradford Odeon.
The Feasibility Grant will enable Bradford One to commission the necessary expert input into their plans, as part of stage two of Bradford Council’s Expression of Interest process.
This requires that interested parties demonstrate that a market exists for what they have planned and that there is interest from major venue operators.
It also asks that both groups submit a more detailed business plan showing how the development will be paid for and, once open, that it will generate enough money to be financially viable.
Bradford One is working with a team of experts including Shipley-based architects Halliday Clark, project management consultants Shine Concepts from Leeds, Bradford-based Quantity Surveyors Michael Eyres Partnership and leading Bradford property agents Mark Brearley & Co.
This funding will also enable Bradford One to commission detailed market research for all aspects of its plans including live music and other entertainment, conferences, weddings, restaurants and bars as well as its plans for the empty site at the rear of the building.
Gideon Seymour, Chair of Bradford One said:
“We are delighted that SIB recognise the significance of our proposals for Bradford and the potential impact they can have on not only the former Odeon building but also the whole city centre.
This major grant helps put us on a level playing field and means that our submission to the Council will be robust and evidenced. We are confident that our plans will be a major boost to the city centre economy and provide a sustainable future for this much-loved building.”
May 8, 2014 Latest News