£9.8m funding secured from the UK Government’s Levelling Up Fund
Bangor Marine has secured £9.8M from the UK Government’s Levelling Up Fund. The funding will be used to deliver the Marine Gardens element of the wider £50M redevelopment of Queen’s Parade in the City.
Parliamentary Under-Secretary for the Department of International Trade, Andrew Bowie, visited the City of Bangor on 20 January 2023 to congratulate Bangor Marine on securing £9.8M from the UK Government’s Levelling Up Fund. The funding will be used to deliver the Marine Gardens element of the wider £50M redevelopment of Queen’s Parade in the City.
Aran Blackbourne of Bangor Marine met with the Minister and outlined the company’s plans for a mixed-use development on the site, including new homes, a hotel, events space, public realm, cafes and restaurants.
Commenting on the funding, Mr Blackbourne said:
“The City of Bangor has received a very positive boost from the UK Government Levelling Up Fund, and we welcome the news that £9.8m has been ringfenced for Bangor Marine to deliver the Marine Gardens as part of our Queen’s Parade regeneration project.
“Public realm space has a critical part to play in the success of all towns and cities, providing a setting for community life, enhancing cohesiveness and adding to the welcoming vibrancy of a destination. We have always said that we want to create a place for the people of Bangor to feel proud of. Marine Gardens has a very important role to play in this aspiration and we look forward to bringing this to reality.”
The Department for Communities and Ards and North Down Borough Council are partners with Bangor Marine in the delivery of the Queen’s Parade scheme.