The Sheerwater Regeneration Project, a cornerstone of Woking Borough Council’s urban development initiatives, is on the brink of a significant financial boost. The council has formally approached the government, seeking a hefty £57.7 million to wrap up three pivotal phases of the project.

The government commissioners, currently collaborating with the council under its Section 114 Notice, have expressed their full backing for this request. This move comes after a recent public consultation, where local residents, in conjunction with property consultancy Avison Young, provided insights to shape the future of Sheerwater.

Earlier this year, in July, the council had terminated its development pact with ThamesWey, deciding against advancing any further stages of the £495 million project. However, two phases had already seen completion.

The six-week consultation period was a window for residents to voice their opinions on the future of the regeneration site. Cllr Will Forster, deputy leader of the council and the portfolio holder for Sheerwater, shared, “The feedback was overwhelming. About a third of the community participated, indicating that the council is regaining the trust of those who felt overlooked during the initial stages.”

The consensus? Residents are keen on seeing the ongoing phases reach completion but are wary of the originally consented scheme’s vastness and potential disruption. The current state, with abandoned homes and nearly inaccessible roads, is far from ideal.

Forster added, “We’ve presented a solid case to the government, emphasizing the importance of utilizing the previously agreed funds from the Public Works Loan Board. Not completing the initiated phases would neither benefit the community nor offer value for taxpayers’ money.”

The revamped blueprint for Sheerwater includes an extensive refurbishment program, funded by capital receipts, land sales, and redevelopment of specific land pockets. The council aims to refurbish approximately 100 properties across Woodlands Park, Hennessey Court, and Spencer Close. Additionally, Woodlands House’s sheltered units will be retained for social housing.

However, the most intriguing aspect for developers might be the council’s intention to sell blocks of flats on Dartmouth Avenue, Devonshire Avenue, Forsyth Path, Loder Close, and Spencer Close for redevelopment. This move subtly hints at potential opportunities for developers to step in and reshape the Sheerwater landscape.

Forster concluded, “The residents of Sheerwater are eager to reclaim their community. We’re committed to making that happen at the earliest.”