We are working on exciting proposals to revitalise Reading’s cultural offer. We intend to do this by transforming the much-loved Hexagon Theatre and building a modern new Central Library.
It is our ambition to do everything we can to ensure that all residents, whatever their circumstances or background, can share in the town’s success.
As part of that continuing drive, we plan to submit a £20 million bid for government ‘Levelling Up’ funding. This will breathe new life into our cultural and learning offer for Reading residents.
If our bid is successful, this will form the first phase of a longer-term regeneration of the Hexagon.
The Hexagon development is part of our ambitious and wider plan to create the ‘Minster Quarter’. The Minster Quarter plan will include building hundreds of new homes in a significant area of the town centre, creating a vibrant thriving new community at the heart of the town. A lot of the housing will be much-needed affordable housing. It will bring new jobs and growth which will benefit local residents and the local economy.
Both proposals focus on improved sustainability. This is part of our commitment to working towards a net-zero carbon Reading by 2030.
Our bid is to the Government’s Round 2 Levelling Up Fund. If successful we will match-fund by 10% from our own capital investment fund.
We plan to submit our bid in July and expect to hear news of whether it has been successful in autumn 2022.
We have created some indicative designs and artist’s impressions. We are emphasising that our proposals are still relatively early concepts. We are now very keen to hear from residents, including regular users of the Hexagon and Reading Central Library, partners and other organisations.
People can feed their comments, questions and ideas to firstname.lastname@example.org.
There will be more chances for residents and stakeholders to feed into the design process if our bid is successful.
The Government’s £4.8 billion fund runs until 2024/25. The aim of the fund is to invest in infrastructure that improves everyday life for local residents. The grants support town centre and high street regeneration, local transport projects, and cultural and heritage assets. Find out more about the Levelling up Fund.
In addition to our £20 million cultural regeneration bid we are developing a £20 million transport bid. The transport bid proposes investment in sustainable transport infrastructure, focusing on West Reading and South Reading. The schemes are centred around meeting the transport needs of the key areas of deprivation in Reading. This will help with connect these areas with education, employment and skills centres. It will also reduce the impacts of congestion such as poor air quality across the road network. This funding would complement the £26 million Bus Services Improvement Plan investment we’ve recently secured.