Four major high-street names have found a new home in Bolton Town Centre, as the council’s regeneration masterplan continues to gather momentum.
TSB bank is the latest household name to relocate with the support of Bolton Council, by moving into a state-of-the-art new premises in Deansgate.
They join the newly opened Specsavers, Clothing store Blue Inc and renowned Jewellers Beaverbrooks in relocating from Crompton Place ahead of the planned redevelopment of the shopping centre.
Relocating businesses from Crompton Place to empty retail units elsewhere in the town centre is part of Bolton Council’s plan to reduce retail space in the Town centre.
This plan anticipated the increase in internet shopping, which has been accelerated by the Covid pandemic and also involves increasing the number of town centre residents through the provision of new residential developments.
As a result, Bolton is enjoying a renaissance in terms of new developments, with several major projects planned.
Church Wharf is a multi-million-pound scheme which will provide new homes and a small amount of commercial space, transforming an underused piece of land into a thriving town centre neighbourhood.
The impressive regeneration of Croal Valley will create a desirable location by improving the riverside public realm and creating exciting developments that will provide a mix of apartments, houses and green spaces.
Plans for redeveloping Crompton Place into a new state of the art retail and leisure complex will be implemented as soon as the Council is able to relocate remaining tenants and secure vacant possession of the Centre.
Bolton Council Leader, Cllr Martyn Cox, said:
“Bolton Council are delighted these well-known retail names have shown confidence in Bolton by investing in new town centre sites.
“As the plans for Crompton Place are being developed, we are always keen to work closely with our tenants to keep them in Bolton by finding a solution that works for everyone and continues to provide valuable services to Bolton residents.
“It also means that we are able to repurpose, and bring back into use, some fantastic retail sites elsewhere in the Town Centre.”
Bolton Council has agreed to invest £100m to encourage new private sector investment in Bolton and four other district town centres across the Borough.
This commitment towards redevelopment will transform these town centres, and create even better places for people to live, work and visit.