£359.5m council fund for Weyside Urban Village

Councillors have approved £359.5 million for infrastructure at 1,500-home Weyside Urban Village in Guildford.

Guildford Borough Council’s (GBC) executive approve the capital funding on January 7 for the 41-hectare regeneration scheme which will include 2,000 sq m of community and 6,500 sq m of employment space.

The scheme, formerly known as Slyfield Area Regeneration Project, involves redevelopment of a Thames Water treatment works and will include a 40 per cent proportion of affordable homes.

GBC leader Cllr Caroline Reeves said: “Weyside Urban Village is the most exciting and important infrastructure project in our borough and we are delighted to see it move forward with the approval of this significant council investment.

“The Weyside Urban Village project will help deliver much-needed housing, community space and employment opportunities for our borough and we look forward to seeing work begin on site in the next year.”

Earlier funding already secured for the project includes £7.5m from Enterprise M3 and a £52.3m grant from the Housing Infrastructure Fund. The GBC decision is subject to approval by full council on January 16.

* Image: Google.