While Matt Hancock is down under in Oz eating camel penis, his former Tory cabinet colleagues were by the seaside in Blackpool giving the green light to equally radical regeneration plans.
He might be equally as unpopular with the public, but Michael Gove is a force in Government and yesterday he announced Blackpool would receive £40m from the levelling up fund which will unlock a £300m leisure development programme in the town centre funded from private investment.
According to the Government’s website, the new initiative will enable the Blackpool Central regeneration scheme to go ahead as planned, creating an estimated 1,000 jobs. It will also attract 600,000 more visitors to the seaside town each year in a massive boost to the local economy.
Mr Gove said that while the investment was part of wider initiatives in Blackpool to improve housing and job opportunities, tourism remained a key economic driver. He added: "Blackpool is on the up. We know the number of people visiting Blackpool has increased over the last couple of years.
"Behind London, it is the UK's top tourist destination. Blackpool is always going to be a tourist mecca, it is always going to be a hospitality super town.
"But it is also the case that we need to make sure Blackpool has the schools, the high-tech jobs and the high-quality homes that its citizens deserve."
Blackpool is seeking a further £63m of Levelling Up funding towards regeneration projects including £40m in conjunction with Blackpool and the Fylde College.
The Tories held their Spring Conference in Blackpool in the newly built Conference Centre, the first political event to be held in the town since 2007. The public often accuse MPs of being self-serving, but not many will begrudge the Tories for wanting to improve the standard of holiday accommodation if it means they keep coming back to the nation’s most loved seaside town.
So where will all these extra visitors stay?
Blackpool needs more, better quality holiday accommodation to regenerate much of its existing low-quality stock. The good news is that a lot of this stock can be purchased for much less than you might think. As people move away from hotels to serviced accommodation, there is a limited opportunity to take advantage of this exciting opportunity.
We have been working on this for some time and we are delighted to announce our new, bespoke sourcing offer – sourcing, renovating and managing holiday lets for a select number of serious investors.
We own a number of holiday lets ourselves and have become experts in the process. As we grew up in the town, we know the geography like only a local can. And importantly, we know the planning and other associated legislation like no-one else and have significant contacts in the construction industry.
A holiday let project is a completely different prospect to a house renovation and you must work with experts to see your vision become a reality or you are likely to make very costly mistakes and possibly even breach legislation.
What is our offer?
We are looking to work with a maximum of 6 serious investors this year to help them achieve a high cash flowing holiday property in Blackpool to take advantage of a boom in tourism.
We even handle all the pain of the process. Here is what our offer includes:
Finding a suitable property in the ideal location within 12 weeks
Navigating the complicated planning process including meeting your planning conditions
Producing CGIs for your property so it can be marketed before its built
Arranging development finance
Project management
Appointing a principal contractor and principal designer
Appointing a health, safety and welfare officer
Marketing your holiday let on major platforms
Managing your holiday let
Providing maintenance support for your holiday let
What we will need from you:
The reason for choosing to work with a limited number of investors is because the process can be challenging and time consuming and we need to give it the attention it deserves. Therefore, we will need the following from interested investors:
· A qualifying Zoom call to understand what you are looking for
· Proof of funds for the purchase
· 50% sourcing fee paid upfront (held in an insured client account and repaid if no suitable properties are found in 12 weeks)
I want some of the action, what do I need to do?
We expect that places will fill up quickly so if you are interested, please contact us today to schedule a qualifying call.
email us at: hello@northwestpropertyinvestments.com
call us on: 07951 546471
Associated links:
Government website: https://www.gov.uk/government/news/levelling-up-investment-unlocks-300-million-blackpool-regeneration
Conservative Spring Conference: https://www.liveblackpool.info/recreation-entertainment/events-featured/conservative-party-spring-conference/
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