Attracting Inward Investment

We are using Council assets in a more commercial way to help develop Poole’s prosperity.  There is also growing confidence in the Council and in Poole as a place to realise regeneration.

Photo credit : RNLI/Nathan Williams

over £200m of public and private investment

We are using Council assets in a more commercial way to help develop Poole’s prosperity.  There is also growing confidence in the Council and in Poole as a place to realise regeneration. In recent years we have successfully attracted over £200 million of public and private investment in the town centre and surrounding areas. In addition to commercial developers, residential developers have also invested around £30.7 million in housing in Poole in recent years, especially on sites in Hamworthy including Carter’s Quay and Harbour Reach.  All these investments contribute to new infrastructure, homes, jobs and include:

  • a successful submission to government (2018) to extend the current housing zone (around the former Power Station) to deliver 5,000 new homes across 19 brownfield sites around the town centre, creating up to 1,000 new jobs.
  • an initial masterplan to assess if our plans for a major redevelopment of the area to the north of the town centre are financially viable.
  • a £6 million award from the government’s Housing Infrastructure Fund (2018) in support of this vision to improve the road network and provide access to housing sites within a re-modelled town centre.
  • £5 million investment from central government to help deliver essential infrastructure to unlock the South West’s largest brownfield regeneration site on the former Hamworthy Power Station to around 850 new homes.
  • an investment of nearly £4.7 million (2017-2018) for resurfacing and improving key access routes into the town centre to help tackle congestion and ensure Poole’s transport network supports growth into the future.
  • a £23.3 million award from the Dorset Local Enterprise Partnership to improve access routes to the Port of Poole and town centre; including Gravel Hill (2017), Poole Bridge approach (2017-2018) and the Townside area, from Hunger Hill to the bridges, along West Street and West Quay Road (2018-2021).
  • a £2.3 million refurbishment to modernise the Dolphin Shopping Centre multi-storey car park (2017) including accessible and family parking bays, resurfacing and waterproofing the top two decks, concrete repairs, directional signage, better drainage and low energy lighting.
  • in June 2017 we were awarded a £2.7million Heritage Lottery Fund grant to help maintain and restore Poole Park, our town’s most popular public, open space.
  • a £12.1 million investment from government’s Local Sustainable Transport Fund (2013-2015) to help keep traffic flowing through Poole, Bournemouth and Christchurch; and encourage the use of more environmentally friendly ways to travel such as walking, cycling or using the bus or train.
  • a £37 million investment to build the Twin Sails Bridge (opened in 2012) to unlock Hamworthy, the old power station site and the Port for redevelopment.
  • a £9 million street lighting programme, to replace over 17,500 street light lamps across Poole.
  • an agreement between the Council and LGIM Real Assets (in 2017) for £26 million investment in and around the Dolphin Shopping Centre; including a new nine-screen cinema, new restaurants, an internal mall refresh and new, attractive public spaces for Falkland Square and Kingland Crescent.
  • an investment of £11.3 million in the Port estate by Poole Harbour Commissioners including (in 2017) the construction of the new South Quay in Hamworthy enabling large cruise and cargo ships to use Poole Harbour.
  • an investment of £24 million in the RNLI’s all-weather lifeboat centre (2015).
  • luxury boatbuilder, Sunseeker, plans to pump £50 million into its business over the next few years, creating up to 170 new roles.
  • Travel Lodge invested £9.5 million in a new hotel near Hunger Hill (2016).
  • Condor Ferries invested £50 million into its new vessel, the Condor Liberation (2015).
  • Brittany Ferries invested £10 million in the refurbishment of the Barfleur (2015).