Investment in the Preston city region is driven by the 15-year City Investment Plan, outlining a long-term vision to transform the city with close to £1bn already invested or committed over the next few years.

At the forefront of growth within the region, Preston is undergoing a dramatic transformation, capitalising on the National Cyber Force (NCF) HQ facility on Preston’s doorstep, to create huge opportunities for commercial development and city living.

Preston – A UK development hotspot with a wealth of emerging investment opportunities:

Award-winning City Living Strategy with 28 sites identified, developed or in planning
Harris Quarter Towns Fund £200m Investment Programme – led by Preston City Council and Preston Partnership, with 24 development sites identified and six major Towns Fund projects underway
Stoneygate Masterplan – An urban village vision: 25 hectares with potential for 1,600 new homes, commercial and mixed-use development
£20m Levelling Up funding for an ‘Active Preston’ – major investment in parks and travel infrastructure
£40m Transforming Cities Fund investment in infrastructure improvements, including new Cottam Parkway Station and city centre public realm works.

Preston Station Quarter

The Strategic Regeneration Framework identifies four quadrants surrounding Preston Train Station: Preston Station East; Preston Station West; County Hill; and University Walk.

It sets out a blueprint for the future development of the area, covering 43 hectares, to create a thriving commercial district next to Preston Railway Station, one of the most accessible locations in the North.

The vision includes the provision of Grade A offices, high density housing and quality public realm, to create an attractive place to live, work and visit.

Site details

Size of site: 43 hectares

Location: Preston, PR1 8AP

Planning status: Station Quarter Regeneration Framework approved by Preston City Council

Promoter: Preston City Council, Lancashire County Council + Private Sector