Redruth Revitalization | Cornwall Business

An independent report shows how community engagement and the revitalization of five key historic sites has changed the game in Redruth.

The Rose Regeneration report confirms the positive effect of investment in Redruth town center following a four-year High Street Heritage Action Zone (HSHAZ) programme, which ended at the end of March this year.

The evaluation report highlights how Cornwall Council’s successful bid on behalf of Redruth for HSHAZ status in 2019 resulted in over £1.6m of funding being awarded by Historic England and a further £4.4m secured by Cornwall Council and local partners.

Redruth HSHAZ resulted in a social return on investment of £2.68 for every £1 invested and a benefit cost ratio of 3.78, indicating high value for money when comparing the project’s cost to benefits or outcomes versus values government reference.

The program has also led to increased public awareness and appreciation of Redruth’s heritage, with key buildings and cultural events being positively received by the local community.

Cornwall Council portfolio holder for the economy, Louis Gardner, said: “Community investment and hard work has acted as a catalyst for heritage-led regeneration to improve the prosperity of the town centre.

“It continues to engage and serve the local community and businesses, adapting to the challenges that all high streets have experienced in recent decades. Working in partnership with the community and local businesses, the Redruth HSHAZ scheme has had far-reaching positive social and economic impact, delivering heritage-led regeneration and cultural programming that has breathed new life into the town center and established a vision and set. of values ​​that will guide future decision-making.”

Redruth HSHAZ has revitalized five key sites in the town centre:

  • The Inn of London (Nos. 33 and 34 Fore Street) was brought back into use, providing affordable commercial units at street level and town center residential accommodation above and to the rear.
  • The Buttermarket the group of historic buildings is being renovated, with anticipated completion in July 2024, creating a vibrant space for independent businesses, including an innovative food offering to boost the night-time economy, as well as providing a venue for regular markets and extensive events programmes.
  • Scale is a new creative and community center in the former Grade II listed Passmore Edwards Library as part of HSHAZ. The building is being conserved and renovated by a new community interest company, securing the long-term future of the former library for the community.
  • 81 Fore Street the former HSBC bank, which had been empty for several years, was acquired by Redruth Revival CIC using HSHAZ funding as a new location for Mining Exchange Studios – a collective of artists and creators.
  • Redruth Civic Center and Library and Information Service has moved to new premises on Alma Place with the important community service entrusted to Redruth Town Council

Redruth HSHAZ has also awarded a number of grants for repairs and improvements to priority historic buildings in the town center and funded initiatives to improve access around Redruth, including new town center maps. HSHAZ supported local businesses to recover from the effects of the pandemic on city centers by establishing an HSHAZ Project Committee and a Cultural Consortium and by organizing a number of “creative meetings” that brought together people and businesses in the community to find creative solutions and collaborative. to the problems facing Redruth.

In addition to the main grant of £1.6 million, Historic England has awarded a grant of £80,000 to deliver ‘Redruth Unlimited’, a four-year program of cultural commissions to boost circulation and reconnect the community with the center the city. Over 168 artists were involved in the delivery of the programme, supported by 1,148 volunteers. Redruth Unlimited attracted 2,931 participants and an estimated total audience of over 32,000. Redruth Unlimited was administered by FEAST and secured £82,851 in additional match funding for Redruth.