Transforming Hyndburn

Market Chambers

Overview of proposed changes

This building is largely vacant and in need of repair and refurbishment. We will acquire it, undertake repair works, refurbish shop units to a modern standard with consistent look and put in place ‘passive provision’ for the next phase of the project (not part of the LUF bid) that will create a new cultural/arts/heritage space to boost pride and address the local ‘deprivation’ identified by DCMS. The project contained within the LUF bid will help to improve the visual impact of the building and complement the other two projects.

Estimated costs Works cost Project/design fees

£626,979

£62,698

Property acquisition costs/surveys £2,149,833 Risk allowances (contingency & market volatility @ 17%) £482,717 Inflation @ 10.0% and 7.7% £90,728 Total (Financial cost) £3,412,955

TRANSFORMING HYNDBURN

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