City Centre, Southampton
The opportunity / type:
Southampton City Council is currently developing ambitious regeneration plans for the city including a scheme for the central business district surrounding Southampton Central railway station which will enhance public transport for the entire city and bring forward new city centre homes. Southampton will also benefit from a transformation of the unique waterfront which will attract visitors through world-class public realm and improved connectivity to the city centre. Southampton’s waterfront will also benefit from a multi-million pound flood alleviation scheme along the River Itchen, enabling even further development opportunities.
Investment opportunities include:
- Over £100 million to transform transportation across the city.
- £70 million on River Itchen Flood Alleviation Scheme which will open up development opportunities.
- Over £1 billion of development opportunities in the city centre.
- £300 million of development at Leisureworld (est. 1,000 jobs).
- £500,000 investment in people, employment and skills (including a unique DWP partnership).
- Southampton is one of 20 cities in the UK with accelerated housing growth targets. The 35% uplift means Southampton is forecast to deliver over 26,000 new homes by 2040. To deliver this, Southampton City Council is working with housing associations and developers to increase the pace of delivery and enable more housing supply and affordable homes including shared ownership. 33 new sites representing over 135 acres of land submitted by residents and businesses in two recent ‘Call for Sites’ exercises, helping to inform site allocations for the new Local Plan.
- £57 million investment in the Hampshire wide Transforming Cities Fund programme.
Southampton City Council are investing in infrastructure, skills and innovation to support Southampton’s long-term economic growth, low carbon agenda and our plan to restore and renew our city as a safer and more prosperous place.
Southampton, located on the South Coast of England and just 75 miles from London, is recognised as a city full of opportunities and is the leading container and cruise port in the UK. PwC’s Good Growth for Cities 2020 index places Southampton in the top three cities in England in terms of growth. This strength has enabled the city to establish an outstanding reputation as a great place to do business and has attracted nationally and internationally significant businesses, including a world-class university.
The three major schemes below are coming forward in Southampton, representing over 22 acres of the city centre and over half a billion pounds of private investment, delivering:
- 2,000 new jobs
- 1,750 new city centre homes
- Over 525,000sqft of new commercial space
- Major public realm and connectivity improvements
This 5-acre site is benefitting from £132m investment and will shine a new light on Southampton’s significant local history and landmarks.
- 519 new homes
- Over 27,000sqft of new commercial space
- New linear park running along the medieval walls
Ideally located opposite Southampton Central train station, the green rejuvenations of this 4.8-acre site will transform arrival to the city and improve connectivity.
- 60,000sqft of Grade A office space
- Over 7,000sqft of food, beverage and leisure
- Over 86,000sqft of new public realm
£250m investment in 13-acres of Southampton’s city centre creating improved connectivity within a vibrant new public realm and creating over 1,000 new jobs.
- 650 new homes
- Two 150-room hotels
- 80 serviced hotel apartments
- Modern workspace
- Cinema, casino, leisure, food and beverage
Local authority: Southampton City Council