Current proposals for the development include flexible work spaces, a small budget hotel, independent shops, commercial units, artisan makers and eateries which are expected to create 500 new jobs.
Pydar will be a place of positive activity that adds value to Truro and key magnets within the site.
The development will create training opportunities and apprenticeships, provide flexible and adaptable work spaces for independent and local businesses which, in turn, will provide opportunities, learning hubs and community managed and owned renewable energy facilities.
One of the key aims of the scheme is to maintain and protect the existing shops and businesses within Truro. Creating a vibrant and sustainable community with more people living and working in the centre will help promote shopping and leisure facilities, make the city more attractive to employers, reduce the need to travel and support the night time economy.
A higher percentage of people in Cornwall work from home than other parts of the country. This, combined with increase in virtual co working and people now working for longer and the need to reduce commuting, means the scheme needs to create work hubs in homes and buildings. This will help increase connectivity and overcome physical peripherality.
Current proposals for the site include providing collaborative and flexible work spaces to encourage start-ups and small businesses, a small budget hotel, small independent shops and commercial units, artisan makers and riverside eateries. This will help “future proof“ the development by providing employment opportunities in hotels, offices, university facilities and leisure centres rather than just relying on retail jobs.
Other proposals include the creation of the Hive, a new innovative digital innovation space led by Falmouth University which will attract research and development clusters, and high tech collaborations to the site, helping to grow both a vibrant local community and Cornwall’s wider economy
Together these developments are expected to produce around 500 new jobs.
Transforming Pydar into a key destination point for the city will help increase footfall – linking the site to the city centre, the river and the cathedral with new walking and cycling routes and improved transport links.