Freshney Place secures £17m in government funding for cinema scheme
Capreon and North East Lincolnshire Council have announced that Grimsby’s Freshney Place shopping centre has been awarded a government grant of £17.2 million following a joint bid for funding from the government’s Future High Street Fund.
As the asset manager for Freshney Place, Capreon has worked with North East Lincolnshire Council officers to put together plans for a new leisure scheme to be anchored by a cinema, food and beverage units, and a new public square and market.
The scheme will redevelop the council-owned market site together with part of Freshney Place to create a new hospitality offer for the town.
In a joint statement, Capreon and the council said they are confident that the new £30 million development will bring about transformational change in Grimsby town centre. They added: “The intention is for the new leisure offer to be the catalyst for developing an evening economy in the town centre as well as instigating a family friendly entertainment offer for Grimsby.”
The Future High Street Fund was launched in December 2018 by chancellor Rishi Sunak and housing minister Robert Jenrick. The ministers announced the regions that would be receiving investments in December 2020.
