Allerdale Investment Partnership has one key aim – to generate significant economic investment in this area of West Cumbria. Jobs and training opportunities will be created, key areas will be regenerated, new homes and businesses will be built.
The initiative will also enable strategic borough-wide planning, bringing new housing, retail, leisure and hospitality venues in locations where they are needed. It will also generate significant funds for the Council that will be reinvested in high-quality strategic projects across the area.
It is thought this joint venture between a local authority and a commercial partner, each with very distinct roles, is unique. It is a new way of regenerating areas which have a low land value and it is the hope of the GB Strategic Land Fund that its success could change the way the land market works in the UK.
Allerdale Borough Council’s mission statement declares that this area of West Cumbria is a great place to live, work, visit and do business. Allerdale Investment Partnership aims to give this special place an even brighter future.