A report published on Monday 22 February has confirmed that Thanet council has achieved the sale of Dreamland and settled all Compulsory Purchase Order (CPO) compensation claims.
Following the purchase of the site in 2013, Thanet District Council was able to attract £11 million of external funding from the National Lottery Heritage Fund and Government departments, to invest in bringing the site back into use. It spent £8 million of its own capital resources and the operator, Sands Heritage Limited (SHL) also injected private investment into the site and surrounding area.
The report confirms that whilst this has been a challenging project to deliver, the Compulsory Purchase Order will have achieved its critical objectives of economic regeneration and the creation of jobs and increased tourism.
For full details visit https://www.thanet.gov.uk/sale-of-dreamland-achieved/
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