Investment in Preston has been booming over the last few years with developments right in the heart of the city centre, and in other areas of the city too. This has included the regeneration of Preston’s market hall, and plans to create a new cinema and leisure complex on the site of the former market hall. Investment has also come from UCLan with a range of new developments both completed and in progress.

The Stoneygate Masterplan

More investment and regeneration has been discussed today, by business leaders from across Preston, and the country, who met for the launch of the Stoneygate Masterplan. This is a plan for development and regeneration in the Stoneygate region of Preston, which is an area that includes a number of important landmarks such as Queen Street Retail Park, Cardinal Newman College and St. John’s the Minster.

The Stoneygate Masterplan is designed to provide a framework for development and regeneration in this area, and provide a long-term vision for future development and investment. The aim is to both attract investment into Stoneygate, and realise its potential. As part of this, one of the primary objectives is to improve the connectivity, and build stronger links with the rest of the city centre. This will involve highlighting walking and cycling routes within the area as well.

The masterplan also outlines the need for Preston City Council to work in partnership with Lancashire County Council to create a better environment for residents, business owners, students and visitors alike through quality public realm improvements.

Councillor Peter Moss, Deputy Leader and Cabinet Member for Planning said;

Stoneygate is a key area of Preston City Centre with huge potential and many opportunities. We already have excellent examples of private sector investment in the area, for instance Preston Livery and Carriage Works restoration and Cotton Court – both of which showcase what can be achieved. The masterplan is designed to help us raise Stoneygate’s profile, and provide a clear guide to help us meet our ambitions for this area.

The launch is an important step in the regeneration of Stoneygate. By working together on the delivery with our key partners we hope it will kickstart and encourage further investment with other private sector bodies.

I look forward to working collaboratively in bringing the Stoneygate vision to life.

All of the investment in Preston meant that it won the honour of being named the most improved city, at the end of 2018. So if you would like to study in Preston, and you need accommodation, get in touch with Preston’s leading student accommodation providers today, here at Let Pads.