Do Genr8 Have the funds to complete the Smithfield Development? Last week Genr8 applied to Calderdale Council, for a delay in building a link road as part of their development in Sowerby Bridge.
Genr8 and funding of their schemes
Genr8 requested the delay until they had received some income from the sale of the new residential units, despite the fact that Genr8 had already been given £6.25 million public money for the scheme.
Where does this leave the Smithfield Development in Hanley? Do Genr8 need to sell the newly announced residential element of Smithfield (formerly the Central Business District) before it can afford to build any offices, is this the real reason behind the name change and that the scheme if moving away from office development.