Margate Town Investment Plan & Creative Land Trust
We helped Thanet District Council secure up to £22.2m of central government Towns Fund for Margate and set up a Creative Land Trust
In 2020, PRD and project partners We Made That worked with Thanet District Council and the Margate Town Deal Board to develop a Town Investment Plan underpinned by extensive community engagement and a widespread desire to transform Margate into a town with a strong year-round economy.
The TIP charts a 10-year course of improvements for Margate, focusing on scaling Margate’s creative economy and skills through a new Creative Land Trust; tackling deep health inequalities by providing more wellbeing amenities linked to Margate’s coast; improving public realm and connectivity; and making Margate’s nationally-renowned heritage assets more sustainable and inclusive. It is underpinned by PRD’s extensive socioeconomic baseline to ensure interventions are targeted in areas that need them most.
PRD subsequently worked with partners to lay the groundwork for the Margate Creative Land Trust (MCLT), which now has a fully operational Board of Trustees. MCLT’s purpose is to safeguard sites for creative industries, mainly through purchasing property and taking headleases with a view to subletting at discounted rates. To assist MCLT with this process, we designed a property acquisition decision framework for MCLT to assess the suitability of potential properties for their portfolio. The framework sets out how MCLT can collect and analyse information on available sites, taking into account factors such as site size, price, condition and refurbishment needs, potential number of jobs, businesses, or creative activities it can support, and the extent to which the property’s end use can align with MCLT’s vision and aims.
ClientThanet District Council
Project LeadChris Paddock
TypeInclusive Economy, Funding & Investment Plan, Data & Evidence