Gosschalks’ building will undergo significant refurbishment to create city centre office space and employment opportunities thanks to support from Levelling Up Funding (LUF).
Sixtyone QG Limited has been awarded £381,807 as part of its large-scale project in the city centre at 61 Dock Street.
The grant award has come from Hull City Council’s government LUF and is to support the refurbishment of the building to upgrade, repair and refurbish offices, whilst also releasing surplus space for third party use.
Works also include improving the building’s energy efficiency by replacing gas heating systems with electric.
This grant award will help to bring back into use 355sqm of vacant floor space, whilst it is also expected to create 34 jobs through existing and incoming tenants.
The total cost of the project is estimate at £1,909,039, meaning over £1.5m of private capital will be invested in Hull city centre.
Garry Taylor, assistant director for major projects, culture and place at the council, said: “City centre office space is much sought after in Hull and this project will help to provide extra provision.
“I am delighted that the council has been able to support the applicant to make this a possibility through LUF.”