£26.4m of funding secured for Hull’s Capital Programme regeneration

Ongoing improvement and investment into a city is a sure sign that it is a good location for property investors. More investment means regeneration, and regeneration makes a place more attractive to people who move to the city for the jobs and lifestyle on offer.

Hull has been busy with a wide range of regeneration projects that have been underway for at least a year – but new projects are also being developed by the City Council all the time.

The latest new developments come under the Capital Programme. Announced in January 2025, this is funded £26.4m from the Hull and East Yorkshire Devolution Deal which is part of a larger drive to give local authorities more powers.

Capital funding to improve Hull’s foundations

Capital funding of this sort is normally spent on improving a city’s foundations. In Hull’s case, that means a mix of measure including the upgrade of flood and coastal defences, as well as transport spending to improve connectivity around the city.

It also includes money for the Queen’s Gardens refurbishment in the city centre that is adding almost 500 new trees and green space, and the Rawcliffe Solar Farm that will provide the city with cheaper energy.

In other words, these are exactly the sort of thing that anyone buying property in Hull should celebrate. Whether you are an owner-occupier or an investor, this sort of investment is guaranteed to make Hull a better and more attractive place to live.

That means more people will want to move here, there will be more competition for homes and both house prices and rents are likely to increase.

The Chief Executive of Hull City Council, Matt Jukes, said: “I’m delighted that we’ve been able to sign off on this investment, which will provide benefits for the city and the wider area.

“It allows us to tackle issues that are challenging for our region, such as flooding, and invest in vital new infrastructure, such as transport connectivity, and cultural regeneration, whilst also allowing for the building of more homes.”

The Chief Executive of East Riding of Yorkshire Council, Alan Menzies, said: “It’s fantastic to secure key funding for our region, as part of the devolution process.

“This funding will play a crucial role in supporting local residents and improving flood prevention measures, transport, and infrastructure.”

More funding possible in the future

Looking ahead, it is possible – and even likely – that more funding of this sort will be available in the near future to further improve life in Hull and make it an even more attractive place to live.

Part of the local devolution agreement includes the election of a regional mayor in May 2025. When that happens, the Mayor will have access to a £400m investment fund to get projects in the area kickstarted.

As one of the biggest cities in the region, the major port and the home of high tech industries of the future, Hull is extremely well positioned to get access to these funds for future regeneration projects.

For property buyers, that means property for sale in Hull is only likely to become more valuable in the future as further investments are made and the city’s infrastructure is upgraded even more.

That makes Hull an up-and-coming UK property hotspot in 2025 that you can’t afford to miss out on. Hull city centre property for sale like City Point is therefore a fantastic long-term investment option.

Learn more about the development and why you should buy property in Hull by getting in touch with our team today.