Purpose

In February 2025 Cabinet
approved a new Croydon Town Centre Vision.
 
This report will recommend
realignment of the Growth Zone programme and budget (most recently
reported to Cabinet in January 2025) to align it to the new Town
Centre Vision and respond to public consultation, with a focus on
drawing more people into the town centre by improving connectivity,
the environment and delivering a programme of activities to support
the regeneration and vitality of the Town Centre.  
 
The report will recommend:
              

to agree the
realignment of allocated Growth Zone 
funding to projects within the new Growth Zone Delivery Programme;
and
To agree the
continued funding of Growth Zone projects and activity outlined in
the Growth Zone January 2025 Cabinet report to cover the 2025/26
financial year; and 
to delegate to the
Corporate Director of Sustainable Communities, Regeneration &
Economic Recovery in consultation with the Chief Finance Officer
(Section 151) and the Executive Mayor and the Cabinet Member for
Planning and Regeneration authority to make necessary future
changes to the funding assigned to projects within the Growth Zone
Delivery Programme.

 

Content

 
1.1         
To agree the realignment of Cabinet allocated Growth
Zone funding to projects within the new Town Centre Public Realm
Programme as outlined in section 5; and
 
1.2         
To agree the continued funding of Growth Zone
projects and activity outlined in the Growth Zone January 2024
Cabinet report to cover the 2025/26 financial year; and 
 
1.3         
To agree a £5m funding allocation to the
College Green Public Realm scheme as a new allocation of Growth
Zone funding to support the overall new Growth Zone Delivery
Programme.
 
1.4         
To delegate to the Corporate Director of Sustainable
Communities, Regeneration & Economic Recovery in consultation
with the Chief Finance Officer (Section 151), the Executive Mayor
and the Cabinet Member for Planning and Regeneration authority to
make necessary future changes to the funding assigned to projects
within the Growth Zone Delivery Programme.