£10m grant for mill library conversion reinstated
The government has awarded £10m to the project to restore the Grade I-listed Temple Works in the Holbeck area of the city.
Last year the Treasury said it was "minded to withdraw" from the scheme in a bid to make savings, but the money has now been confirmed.
Leeds Civic Trust director Martin Hamilton said the backing was "fantastic" but that millions more would be needed to bring the former flax mill back into use.
Temple Works has been empty for 20 years and was once the subject of plans by Burberry to open a factory at the site. It has Egyptian-style architecture.
The £10m grant had been originally earmarked from the Department of Levelling Up's £100m culture regeneration budget, with British Library North one of 16 selected projects.
Mr Hamilton said regenerating the "hugely important" building would "reach out" to communities nearby.
"If you look at the area of Holbeck, which has been the subject of lots of regeneration in recent years, It does suffer from a disconnect with areas like Beeston.
"You have the railway lines that sever more prosperous part of the city from the less prosperous parts.
"Institutions like this can really connect and provide employment opportunities."
It has been estimated that the scheme would cost £70m in total, and the West Yorkshire Combined Authority has contributed £5m.
Temple Works also received a £1m boost for repairs in 2022 from Historic England.
Councillor James Lewis, leader of Leeds City Council, also welcomed the funding from the Ministry of Housing, Communities and Local Government.
"We have worked hard in recent months with partners, including the West Yorkshire Combined Authority, Homes England and the British Library itself, to make the case for this funding.
"We will now continue to work alongside partners on detailed plans for the full funding, design and development of a project that remains a complex and challenging undertaking, but one that offers a major regeneration opportunity for both Temple Works and the surrounding area."
Listen to highlights from West Yorkshire on BBC Sounds, catch up with the latest episode of Look North or tell us a story you think we should be covering here.
British Library outpost plan could lose £10m grant
Egyptian-style landmark mill gets £1m repair boost
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Treasuries Fall as Haven Appeal Wanes on US-Japan Trade Deal
By Updated on Save Treasuries were poised to end a five-day streak of gains Wednesday as demand for havens waned after the US inked a trade deal with Japan. The yield on US 10-year debt rose three basis points to 4.38%, halting a week-long slide. Germany's benchmark borrowing costs were three basis points higher at 2.62% ahead of a sale of 10-year debt while UK equivalents were five basis points up at 4.62% following a sale of 15-year securities.
UPI
3 hours ago
- UPI
U.S. sanctions Houthi petroleum smuggling network
The U.S. Treasury under Secretary Scott Bessent sanctioned two people and five companies on Tuesday on accusations of being a Houthi petroleum smuggling network. File Photo by Yuri Gripas/UPI | License Photo July 23 (UPI) -- The United States has blacklisted two Yemeni nationals and five companies on accusations of laundering money and importing petroleum products for the Houthi rebels. The Houthis, also known as Ansarallah, work with privately owned companies to ensure continued shipments of petroleum products into areas of Yemen under their control. On Tuesday, the U.S. Treasury sanctioned Muhammad Al-Sunaydar, 38, and three companies his connected to, as well as Yahya Mohammed Al Wazir, 44, and two of his companies, for facilitating those petroleum product transactions. "The Houthis collaborate with opportunistic businessmen to reap enormous profits from the importation of petroleum products and to enable the group's access to the international financial system," Deputy Secretary of the Treasury Michael Faulkender said in a statement. "These networks of shady businesses underpin the Houthis' terrorist machine, and Treasury will use all tools at its disposal to disrupt these schemes." The long proxy war between Iran and Israel exploded into the open on Oct. 7, 2023, when Hamas, another Iran-backed militia, attacked Israel. Israel responded by devastating the Palestinian enclave of Gaza. Since November 2023, the Houthis have enforced a maritime blockade of the Red Sea and the Gulf of Aden, attacking vessels, including U.S. military ships that transit the important trade route, in solidarity with the Palestinians, nearly 60,000 of whom have been killed by Israel. The United States, under both the Biden and Trump administrations, has been hammering the Houthis with sanctions, seeking to corrode their ability to make war, with President Donald Trump re-designating the Iran-proxy militia as a foreign terrorist organization in January. "The United States is committed to disrupting the Houthis' illicit revenue generation by maintaining pressure on the financial facilitators that fuel the Houthi enterprise," State Department spokesperson Tammy Bruce said in a statement. "Today's action builds on a series of measures targeting Houthi revenue generation and weapons procurement, reaffirming our resolve to counter terrorism, promote regional security and uphold freedom of navigation."
CNBC
5 hours ago
- CNBC
Gold eases as U.S.-Japan trade deal lifts risk appetite, but weak dollar caps losses
Gold eased on Wednesday as risk appetite improved after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline, though a soft dollar and lower Treasury yields capped losses for greenback-priced bullion. Spot gold was down 0.2% at $3,423.44 per ounce, as of 0136 GMT, after hitting its highest point since June 16 earlier in the session. U.S. gold futures also slipped 0.2% to $3,437.70. Trump said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on U.S. imports from the country. U.S. and Chinese officials will meet in Stockholm next week to discuss an extension to the deadline to August 12 for negotiating a trade deal, U.S. Treasury Secretary Scott Bessent said. "If further trade deals are signed ahead of August 1, this could further boost general risk appetite and reduce the demand for gold," CM Trade Chief Market Analyst Tim Waterer said. "But if the USD remains pressured this will keep a return to $3,500 a viable near-term prospect for the precious metal." Japanese shares led an Asian share market rally on Wednesday after Trump announced Japan trade deal. Offering support to bullion, the U.S. dollar index languished near a two-week low against its rivals, making greenback-priced gold less expensive for other currency holders. Benchmark 10-year U.S. Treasury yields on Tuesday touched their lowest level since July 9. Meanwhile, Trump continued his attack on U.S. Federal Reserve Chair Jerome Powell, calling him a "numbskull" who has kept interest rates too high and said he will be out in eight months. "These are low-liquidity conditions and that could just easily see volatility recede should the pressure on Powell's firing ease. Bears may therefore be lurking to fade into moves below $3,500," said Matt Simpson, a senior analyst at City Index. Elsewhere, spot silver fell 0.3% to $39.15 per ounce, platinum dropped 0.3% to $1,437.83 and palladium slipped 0.8% to $1,264.96.
