A MULTI-million care home and apartments are set to be built on the former Herbert Gray college site.
Government has announced a £2million investment to build a new 52-bed care home and 78 retirement apartments.
The Caldecott Square development will be on the site of the former college and bring the the dilapidated building back into use.
The retirement scheme will include a spa, restaurant and bring over 100 new jobs into Rugby’s town centre.
It could potentially bring an electric vehicle car pool and charging station to the town centre.
Rugby MP Mark Pawsey said: “I am delighted government is bringing forward funding to enable the Caldecott Square project to get underway. Many Rugby residents will remember the Grade-II listed Herbert Gray College building, however, the site is currently extremely run down and frankly an eyesore within the town centre.
“Redeveloping the site will not only provide much needed retirement housing within Rugby, but will also provide economic regeneration in our town centre.
“This is a good scheme for Rugby and as we emerge from the coronavirus lockdown it will be vital for our economy to get projects ready for delivery underway.
“Schemes such as Caldecott Square will not only deliver the housing and infrastructure which we need but will also create new jobs in our local area and get our economy going again so that we can continue to invest in public services.”
The move has also been welcomed by council spokesman for growth and investment, Coun Jill Simpson-Vince.
She said: “I am thrilled Rugby Borough Council has secured government funding to speed up the development of Caldecott Square.
“With this funding and with planning permission already granted we will be able to bring forward the regeneration of one of our most important town centre sites.
“And, by investing in an electric vehicle car pool and charging facilities we will help residents do the right thing for Rugby by encouraging the switch to zero emission transport.”
With funding confirmed, Rugby Borough Council will liaise with the developers to finalise arrangements for the start of works.”
