Most of the cash would go towards the cost of creating the road access, services, landscaping, open space, parking facilities and other infrastructure works needed to open up land at Hengrove Park for Phase 1 of an exciting regeneration scheme.
Subject to planning approvals, the initial phase of the programme would include a South Bristol Community Hospital funded by the NHS, a South Bristol Skills Academy, a 'Healthplex' leisure centre and a new 19,000 square metres business headquarters building.
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The South West of England Regional Development Agency (SWRDA) announced last week that their board had agreed to invest a further £8.5 million in the scheme - and this week the city council's Cabinet will meet to consider doubling the council's overall investment in the initial stage of the scheme from £5 million to £10 million.
The city council is also confident that the government will approve a further £7.5 million from its national 'growth points' fund to support the first phase of the project. Other money will come mainly from land sales.
If agreed, the latest funding would bring the total resources available to deliver the infrastructure to over £28 million.
The Cabinet will meet just 24 hours after the council's Area Development Committee (South and East) has considered planning applications for the infrastructure works and both the South Bristol Community Hospital and South Bristol Skills Academy.
See: Almost £10m Secured For South Bristol Redevelopment
