Opportunities in Torbay

We are committed to building a brighter future for our people and our place – creating an exceptional environment for business, while ensuring that every resident enjoys a high quality of life. At the same time, we recognise the challenges faced by coastal communities like ours, and we are actively repositioning Torbay for long-term success.  

Heritage and cultural will be at the heart of our transformation. Through strategic partnerships, we are modernising and elevating the visitor experience, ensuring that our legacy is not only preserved but celebrated in bold and exciting ways.  

Over the next 20 years, we are focused on three key strategic themes. 

Community and People – strengthening our communities and empowering individuals. 

Pride in Place – enhancing our public spaces, cultural assets, and sense of identity.  

Economic Growth – attracting investment, fostering innovation, and creating opportunities.  

Now is the time to look forward, collaborate, and unlock the full potential of Torbay. With our extraordinary assets, dynamic industries, and ambitious vision, we are ready to embrace the future with confidence – creating a place where businesses flourish, communities thrive, and people are proud to call home.  

Torbay has already secured more than £150m of public sector support to bring confidence, employment and homes for our community.  

We have an ambitious programme of growth and transformation across Torbay, estimated to be valued at £500 million. 

In 2023, Torbay Council established a progressive regeneration partnership with Willmott Dixon and Milligan to accelerate growth and regeneration in Torbay.  

The partnership means that we can draw on the strength and expertise of businesses with an impressive track record of working with local authorities to deliver regeneration projects across the UK.  

The innovative and forward-thinking partnership is an important milestone that displays confidence in the economic future of Torbay.  

Significant progress is already underway to deliver a cohesive and effective transformation strategy that will revolutionise how Torbay’s town centres work in the future.  

Bringing forward for development and delivery in the next 10-15 years. 

• Multiple sites in Torquay, Paignton and Brixham 

• 700 homes including new homes for sale and rent, extra care and affordable homes 

• New healthcare facilities including diagnostics centres and GP surgeries 

• New employment opportunities in construction, healthcare, retail, leisure and hospitality, and opportunities for skills development 

• A new high-end boutique hotel 

• New independent cafes and restaurants 

• New space for the fishing industry 

• New public squares and spaces 

• New and improved parking 

The vision for Torbay  

Better connect the three towns with holistic public transport and active travel options, and car park access.  

Improve the arrival experience into, and between the three towns. 

Programmatic Investment  

We are strategically leveraging substantial government grant funding to de-risk and accelerate a transformative regeneration programme.  

Focusing on mixed-use brownfield sies our priority is delivery high-quality residential accommodation, with a strong emphasis on affordable homes and private rental properties. This initiative directly addresses the acute shortage of key working housing in Torbay, ensuring that essential workers can live and thrive within our community.  

We are seeking a long-term portfolio investment partner to collaborate across the majority of our regeneration sites, with the flexibility to expand this partnership as additional opportunities arise. We believe that working with a consistent investment partner will add significant value at every stage of the development process – lowering the cost of capital, reducing risk across multiple sites, and driving long-term sustainable growth.  

We have a bold long-term programme, and we are looking for an investment partner with the vision, capability, and mandate to match our ambition.