PRESS RELEASE : Boosting Ramsgate’s economy with £19.8 million investment [January 2023]
The press release issued by the Department for Levelling Up, Housing and Communities on 17 January 2023.
Boosting Ramsgate’s economy with £19.8 million investment
The plans include several projects that will:
- support the economic growth of this coastal town
- bring in new investment
Investing in Ramsgate’s future
The regeneration will focus on three areas:
- a new Green Port and improved infrastructure
- refurbishing key assets in the Royal Harbour
- new food and hospitality spaces
Creating a new Green Port
The Green Port will become a centre of excellence for:
- zero carbon maritime logistics
- renewable energy
New opportunities in The Royal Harbour
This area will see a new hotel and restaurant in the Smack Boys’ building. It will provide training opportunities in hospitality. This will complement a new facility for the local fishing fleet to store and sell their catch.
New community spaces
There will be two new spaces for the community in key areas of Ramsgate. These spaces will help local people to access the new jobs being created through capital investment projects. This will help to address some of the inequalities and challenges faced by many local residents.
Benefiting local people in Ramsgate
The investment will bring a host of benefits to the area, including:
- improving connections between Ramsgate’s communities
- creating opportunities for local businesses to grow
- offering skills development for residents
- creating new employment opportunities
Councillor Ash Ashbee, Leader of Thanet District Council, said:
This is absolutely fantastic news for the district. This funding will make a huge difference to the communities, businesses, and stakeholders in Ramsgate. It will help to boost Thanet’s wider economy and provide new jobs and training opportunities for many local people.
