The funding, agreed jointly by East of England Development Agency (EEDA) and Homes and Communities Agency (HCA), will allow work to start on a 311-vehicle, basement car park for Southend-on-Sea Borough Council, who are also contributing to the cost of the new spaces. This will free land for the development of Elmer Square.
The University of Essex has reached a separate agreement with developers Hollybrook Ltd for 560 student rooms over the top of the car park, following a planning permission granted by the Borough Council last year.
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