Work on the Buxton Crescent and Pump Room to create a spa hotel, shops and a visitor centre is expected to start very shortly – despite the project failing in its bid to secure funding from the Regional Growth Fund.
The Buxton Crescent Hotel and Thermal Spa Company partners – Trevor Osborne Property Group, CP Holdings and Danubius Hotels and landowners High Peak Borough Council and Derbyshire County Council – had bid for up to £3.3 million to plug a funding gap.
Speaking on behalf of the consortium Trevor Osborne said: “Obviously we’re disappointed. Had we been successful, the funding would have given a further boost to this exciting project.
“There is still more work to do in putting the finishing touches to the £35 million funding package needed to complete the scheme.
“However, Buxton residents can be confident that work will start as early as possible in the New Year.”
He added: “We are working closely together to deliver this important development which will enhance the town and bring prosperity to the local area.”
The revised scheme will create a hotel, a natural thermal mineral water spa, a visitor interpretation centre and will incorporate eight specialist shops on the ground floor as well as a tearoom in the Pump Room.