Work to build new bus station starts in May
West Berkshire Council has received a £1 million developer contribution from Grainger plc that will act as the starting gun to the 232 home Market Street redevelopment and bus station move.
The first step in the transformation will be to create a new bus terminal at The Wharf with work starting in May that will take around six months to complete.
The project is a partnership between West Berkshire Council, Network Rail and Grainger plc, the UK's largest listed residential landlord, and forms a key part of the Newbury Vision 2026 which has already delivered projects such as Parkway, the Newbury cinema and the town centre pedestrian zone.
In addition to increased housing and commercial space, the partnership will provide additional parking capacity in the town centre, a new station plaza, new landscaped step free pedestrian routes through the site and a new bus station. All of which is aimed at improving the connection between Newbury town centre and the railway station and helping ease traffic and congestion.
Nick Carter, Chief Executive of West Berkshire Council, said: "The Market Street development is a fantastic vote of confidence in Newbury's economy. It will create more than 220 new full-time jobs over the next four years and, when complete, is expected to provide more than £4m of additional expenditure in local shops and services each year. West Berkshire Council will also receive £1.78 million of Government funding towards additional commuter parking which will be another great asset provided as part of this scheme."