Growing Places Fund (GPF) Programme: Proposed Drawdown and Repayment Schedule

Figures provided below relate only to GPF investment and do not include other scheme contributions 

 

2025/26 forecast

GPF Funds Advanced 

 GPF Repayments Made

Outstanding balances of GPF loan at end of

Prior years (£) 

25/26 (£) 

Total (£) 

Prior years (£) 

25/26 (£) 

Total (£) 

Prior years (£) 

25/26 (£) 

Priory Quarter Phase 3 

7,000,000.00

-

7,000,000.00

7,000,000.00

-

7,000,000.00

-

-

North Queensway 

1,500,000.00

-

1,500,000.00

1,500,000.00

-

1,500,000.00

-

-

Bexhill Business Mall 

6,000,000.00

-

6,000,000.00

6,000,000.00

-

6,000,000.00

-

-

Sovereign Harbour* 

4,600,000.00

-

4,600,000.00

2,449,000.00

1,424,000.00

3,873,000.00

2,151,000.00

727,000.00

Charleston Centenary 

120,000.00

-

120,000.00

120,000.00

-

120,000.00

-

-

Eastbourne Fisherman's Quayside and Infrastructure Development 

1,150,000.00

-

1,150,000.00

325,000.00

-

325,000.00

825,000.00

825,000.00

Observer Building 1a

1,750,000.00

-

1,750,000.00

-

-

-

1,750,000.00

1,750,000.00

Observer Building 1b

1,616,500.00

-

1,616,500.00

-

-

-

1,616,500.00

1,616,500.00

Total

23,736,500.00

0.00

23,736,500.00

17,394,000.00

1,424,000.00

18,818,000.00

6,342,500.00

4,918,500.00

 

*As part of the agreed approach to the disaggregation of the GPF funding, from 2024/25, repayments for the Sovereign Harbour project are made from the County Council to impacted Upper Tier Local Authorities