Final proposals set to be brought forward next with Capital&Centric taking leading role
Rotherham council’s cabinet will next week discuss plans for the next phase of regeneration in the town centre.
A report on town centre strategic sites will be set before the group on 6 July, with cabinet members to vote on funding to progress plans.
The South Yorkshire town has been undergoing a regeneration for nearly a decade based on a masterplan drawn up in 2017.
The first phase of development has been completed, with the development of Forge Island, new markets and a library.
Documents prepared for the cabinet meeting outline five strategic sites in the town, three of which have been clustered together “to create a coherent design narrative” along the River Don.
These three are Westgate Car Park, sites on Sheffield Road (SIG and Bedell land), and the Statutes Car Park, which together are estimated to deliver 225 new homes.
The current funding strategy for these three sites is based on an option in which new homes would be developed for private rent with Capital & Centric acting as landlord.
Capital & Centric is exploring the option of funding the scheme through its Impact & Places Partnership, a joint venture between Swiss Life Asset Managers, Homes England and Capital & Centric.
According to the council documents, the two remaining sites - Snail Yard and 3-7 Corporation Street - are “considered best suited to a development of mixed uses”.
At Snail Yard, the concept proposes office, retail and four residential units around a courtyard, while the idea is for a ground floor commercial space and 10 duplex residential properties at the latter site.
These schemes would not attract funding through the Impact & Places Partnership, according to documents, but the council will work with Capital & Centric to consider other forms of funding such as National Housing Development Fund, Gainshare and City Densification Fund amongst others.
“We’re buzzing about the opportunity to bring the Capital&Centric approach to Rotherham,” said John Moffat, joint managing director at Capital&Centric.
“All five sites are brimming with potential, and our ambition is to create a connected neighbourhood that complements Rotherham’s best bits and feels characterful, independent and full of life.”
The report recommends cabinet approves an allocation of £2.42m from the council’s local regeneration fund to facilitate the progression of the schemes.
A further cabinet report detailing the final proposals for the schemes will be presented in 2027.
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