Multi-million pound plans to regenerate Burnham-On-Sea are being held up during the current financial turmoil on the world’s money markets.
Nicola Slawski, Group Manager of Regeneration at Sedgemoor District Council, told Burnham-On-Sea.com this week that the search for funding partners to regenerate the town’s Princess Hall are “continuing” but that finding funding “is very challenging.”
She added: “The Cultural Quarter plans for the Princess are currently at feasibility stage and we’re looking for funding sources. Under the current financial climate, it is difficult.”
Plans to refurbish and extend the Princess Hall were devised by consultant Nigel Grainge earlier this year.
Nicola Slawski also told Burnham-On-Sea.com this week that a central government decision on giving the town half a million pounds of funding through the ‘Sea Change’ regeneration programme had been delayed.
“We don’t know when – or if – we will receive funding,” she admitted this week. “A regional meeting was held this week and I hope we will get some more news soon.”
The Sea Change programme is being led by the Commission for Architecture and the Built Environment (CABE) and was announced in November 2007 by the then Culture Minister James Purnell as a means of using culture and the arts to regenerate some of our most run-down seaside resorts.
