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Truro submits £25 million bid for Government’s Towns Fund

A bold vision for Truro as a “Connected River City” has been presented to Government as the Towns Fund Board submits its bid for up to £25 million.

A package of six ambitious projects, chosen for their potential to bring an economic boost, were submitted within an investment plan to the £3.6 billion Towns Fund on Friday (January 29).

Projects were chosen for their potential to transform Truro, affordability and deliverability – all must be delivered by March 2026.

During community consultation, more than 450 pieces of feedback were received including letters of support from key businesses and organisations backing the portfolio. Popular ideas included reworking Lemon Quay, green transport, revitalising empty buildings and a new community hub.

Chair of Truro Towns Fund board Carole Theobald said: “Submitting the Town Investment Plan is a major milestone in securing this funding for our city and represent months of work by our team and board of volunteers.

“We’re incredibly proud of our proposals which show we are thinking big – positioning Truro as a confident and connected river city with a prosperous future.”

Six projects selected for the TIP are:

  1. Truro Harbour and Lemon Quay: reinvigorating our neglected waterfront and community spaces to create vibrant, attractive, weather-proof and green event areas reconnecting our people with our water and attracting new audiences from all over Cornwall.
  2. Truro Community Hub: a new community space based in the repurposed Wesley Hall, part of Truro Methodist Church where all residents can meet, learn new skills, access support, volunteer, gain work experience, meet employers, enjoy leisure and cultural activities and feel part of our evolving city.
  3. Green Transport: Connecting Truro City Centre with its residential and business communities by supporting people to change how they move around Truro by widening their healthy and clean travel choices. The project includes a key cycle link between Threemilestone and Truro and an iconic lifting bridge between Newham and Boscawen Park and seeks to encourage people to walk and cycle for short trips and lead to a less polluted, less congested city with reduced traffic noise and more people centred streets.
  4. The Hive at Pydar: investment towards a new building bringing together education, research, innovation, business, entertainment and community facilities in a unique environment, and will become a hub for the creative industries, creating jobs and wealth, while ensuring top talent stays in Cornwall.
  5. New Life for City Centre Buildings: repurpose Truro buildings, maximising space and enabling flexible usage to ensure our buildings are future proofed for modern day use.
  6. Boscawen Sport and Recreation Hub: create a ‘go-to destination’ in Boscawen Park providing Truro residents and visitors of all ages with new leisure and recreational opportunities across a range of indoor and outdoor facilities.

Truro is one of four towns selected in Cornwall to bid for the fund, alongside Camborne, Penzance and St. Ives.

Over the next 2-3 months, Government will score the Town Investment Plans against strict criteria. If successful, Truro will be offered upto £25 million.

The Towns Fund Board and team will then be expected to draw up detailed business cases for the project portfolio whilst driving additional community engagement throughout.  

The final stage is to agree final funds and reach a “Town Deal” releasing the investment to start projects.

Read the Town Investment Plan

Read the Community Engagement Report