Why was the Truro regeneration project scaled back?

The project was scaled back due to the significant impact of inflation on its budget.

What improvements are still happening in Truro's waterside?

Planned improvements include a new event space, enhanced lighting, and landscaped areas at Lemon Quay.

How much was the Truro regeneration project originally budgeted for?

The regeneration project was originally budgeted at £11.7 million.

Home / Business and Economy / Truro Project Scaled Back Due to Inflation Woes

Truro Project Scaled Back Due to Inflation Woes

15 Jan

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Summary

An £11.7m regeneration project in Truro has been scaled back.
Inflation cited as a major factor in reducing project scope.
Work focuses on Lemon Quay and river dredging to enhance the waterside.

Truro Project Scaled Back Due to Inflation Woes

An ambitious £11.7m regeneration project designed to invigorate Truro's waterside has been significantly scaled back. Councillor Loic Rich highlighted that escalating inflation has presented "a nightmare" for the initiative, forcing a reduction in its original plans.

Cornwall Council confirmed that an exercise to reduce costs while still achieving enhancements led to the revised scope. The project initially commenced at the start of January, with planned works expected to span three months along Lemon Quay and involve dredging the river.

Despite the financial pressures, the scaled-back plans will still result in tangible improvements for Truro's city centre. These include the creation of a new event space, upgraded lighting, and enhanced landscaped areas, aiming to deliver key benefits to the local community.