Work on the £6.8 million flagship scheme in Cheltenham town centre, known as the Minster Innovation Exchange, is progressing fast, with the arrival of the first of 46 modules from Acrol Ltd site in Gateshead to their final destination at Chester Walk in the centre of Cheltenham.
The hub is the brainchild of locally based Workshop Group which is also responsible for Hub8, the cyber innovation space located in Cheltenham’s Brewery Quarter. The scheme will repurpose an under-used town centre location with this new 20,000 sq.ft of purpose-built commercial space including flexible workspaces, a 300-person capacity performance arena, cafe, community and education space.
The Minster Exchange is due to be completed in late spring 2022 and will provide modern workspace for the cyber tech, digital and creative sectors, a Growth Hub to support business development, event space and café. In addition, and subject to planning approval, the project will include improvements to the neighbouring open space surrounding the Cheltenham Minster, the town’s oldest building.
The project will help to re-invigorate the local economy, establish key linkages to Cheltenham’s high street and support economic growth is partly funded by £3.114 million via GFirst LEP and the Government’s ‘Getting Building Fund’ that was set up to support post pandemic economic recovery.