Investment

Investment

Bournemouth has seen an “unrivalled stream of development” in recent years.  A combination of private and public sector investment is keeping the resort among the top UK destinations.

Bournemouth has experienced the fifth largest growth in the country in the number of new jobs created in the area over the past decade. Bournemouth is the only town in the South West where jobs have not fallen behind the UK average and in fact the town has seen a 10% percent increase Investmentwith 15,500 jobs created.

The government is investing £23 million in Boscombe as part of the Bournemouth Town Investment Plan under a ‘Town Deal’. The Government approved our Town Investment Plan in March 2021 and we are now developing detailed business cases before the projects can be implemented from 2022 onwards.

The resort has seen an unrivalled stream of development, particularly in the last few years, as part of our commitment to providing a world class welcome and added value to the visitor experience of Bournemouth.

We’re immensely proud of the scale of private and public sector investment. This enthusiasm for growth helps Bournemouth to retain its status as a top UK destination in a highly competitive market and doesn’t show any sign of slowing down.

A string of current developments in the town include:

  • The Savoy Bournemouth Hotel is spending £20million on a full and extensive redevelopment and re-branding – with the new name to be unveiled in the coming months. This will include a 100 bedroom, five-star standard hotel, featuring a state-of-the-art spa and wellness club, multiple food and beverage offerings, including new rooftop and garden restaurants, with outdoor terraces and landscaped gardens, as well as contemporary meetings and events facilities.
  • The Hotel Royale has undergone a £2m transformation and re branded as Ibis styles.
  • Mercure Bournemouth Queens Hotel & Spa officially joined the Accor family, one of the world’s largest hospitality brands, after a £3.5m facelift.
  • £4.8 million of Local Growth Funding secured by Dorset LEP is being invested into creating a world class business district at Lansdowne, Bournemouth.
  • Developers have relaunched Bobby & Co in Bournemouth town centre – just shy of 50 years after it was replaced by Debenhams. The first phase of the grand reopening of the iconic building in The Square can finally be revealed.

 

* More than £210m has been invested in Bournemouth town centre over the past three years, including increased student accommodation and multi-storey parking.