Decision details

Restoration of the Leas Lift – The Folkestone Leas Lift Company CIC was set up in 2018 with the sole purpose of getting the Leas Lift back up and running, with a stable and secure financial future.  The entire project cost of £1M will be sought from donations, Government, business and from grant making trusts.  Approximately £600K will be spent on engineering, with £148K of this to replace the braking system.  The building is due to be added to an at risk register.  The Board has identified a suitable solution to the braking system and work is due to start in April of this year. 

To provide funding of £500 to the above project.

Reason for decision:

The CIC is the only group willing and able to finish this project and has the backing of 1600 members of the community group, The Friends of the Leas Lift.  The historical importance of the Leas Lift is widely recognised along with the importance to the regeneration of the town, the town’s identity and the jobs it will support and create.