Croydon is seeking more than £1.075million funding to turn Exchange Square into a tech hub with space for artists, a theatre and outdoor events.
An application has been made to the London Regeneration Fund to bring a former pumping station and surrounding derelict buildings back into use.
The pumping station’s owner Guildhouse Rosepride has joined the council, Croydon Tech City, Matthews Yard and other organisations in making the bid.
Alison Butler, the council’s cabinet member for regeneration, told the Croydon Advertiser: "Once the pumping station is done up with some lighting it’ll be a fantastic building. With the expansion of Matthews Yard, it all fits together really well."
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