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Cheltenham Borough Council is seeking a development partner(s) to deliver the Golden Valley proposals.
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Spring 2021
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Minster Exchange set to boost growth and support cyber sector

Minster Exchange set to boost growth and support cyber sector

Golden Valley Development isn’t the only project set to support Cheltenham’s economic recovery following the pandemic, as construction is due to start for the Minster Exchange later this year. Described as a pioneering joint venture between the public and private sector, the Minster Exchange was made possible through a £3.5m grant award from central Government’s “Getting Building Fund” and the Growth Hub via GFirst LEP. The innovative modular construction building will feature a state-of-the-art workspace for the cyber, digital and tech sectors, a Growth Hub to support local businesses, an event space and a café.

Cheltenham Borough Council and Gloucestershire County Council have partnered with Workshop Cheltenham (WSC), the group of local entrepreneurs behind Hub8, who presented the original idea for the Minster Exchange. A land swap has taken place at Chester Walk, previously a GCC-owned car park, with a portion of St George’s Road car park. Also, subject to planning approval, the grant will fund improvements to the area neighbouring the Cheltenham Minster, the town’s oldest building. This will include new pathways, seating, public art, lighting, planting and signage.

Alongside the opportunities for economic growth, the new development will boost digital skills in the local area, helping the county to reinforce its vision as a ‘magnet county’. Cheltenham has a concentration of cyber businesses that is 11 times the national average, with Gloucestershire having six times the level of anywhere else in the UK. Together with the Golden Valley Development, these projects will bolster the local area, establishing Cheltenham as a destination for visitors from across the UK and even internationally.

Cheltenham Borough Council’s leader, Councillor Rowena Hay, said:

‘’Both councils have worked hard over the last year to secure the exchange of land to support Cheltenham’s place shaping vision and economic recovery plan. We will see considerable enhancements to the environment and a new, vibrant quarter which will offer a significant boost to the economy.’’

The Minster Exchange received its green light in November 2020. During March this year, Cheltenham Borough Council and Gloucestershire County Council completed the first stage of the development. See the full press release via the Cheltenham Borough Council website.

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