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A former HSBC bank in Redruth is set to reopen its doors after being left vacant for five years.
The historic building at 81 Fore Street will be used as a temporary home for local businesses, and then as a centre to promote cycling from grassroots to professional elites.
The building was the former London Joint City & Midland Bank, established in the town in 1920. By 1923, it became the Midland Bank.
But in May 2017, HSBC shut the Redruth branch as part of a wider closure of 62 branches across the UK.
When the building was put on the market in February, the Redruth High Streets Heritage Action Zones team saw an opportunity to use the building as a temporary home for tenants of The Buttermarket shopping arcade.
The Buttermarket complex of buildings is set to undergo a £3 million pound renovation this autumn, meaning a number of tenants will have to leave the site when building works begin.With the former bank empty, they can now be temporarily accommodated by Redruth Revival.Once that renovation is completed in two years time, the former bank building will become the headquarters of the newly established Saint Piran Cycling Community Interest Company.The aim is to create a hub for the promotion of cycling at all levels, to help develop Redruth as a destination for events and activities.It’s the idea of Richard ‘Ricci’ Pascoe, who has a long association with Redruth.Ricci is the Team Principal at Saint Piran Pro Cycling: a men’s […]