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About Steve Turnbull

Steve Turnbull is a Product Infrastructure Analyst, Product & Institutional Sales Group at Close Brothers Asset Management. He also served asMarketing Services Manager, City Index Limited at City Index, as Marketing Communications Manager, Global Banking & Markets at RBS and as Options Marketing Support at NatWest Markets.

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Good, bad and ugly: Traders' thoughts on multimillion pound plans for Redcar train station revamp

Jul 30, 2022

Good, bad and ugly: Traders' thoughts on multimillion pound plans for Redcar train station revamp It was last used as a business centre, which closed in 2013, and it has stood dilapidated ever since Group 28 Invalid emailSomething went wrong, please try again later. Sign Up Group 28 Proposals for the £5.9m Redcar Central Station conversion are underway, but despite the hype that has been generated many are left wondering if this really is in the seaside town's best interests. The old station in Redcar hasn't been used for railway purposes for nearly five decades and since then its failed attempt at becoming a business centre in 2013 has seen the historic building deteriorate rapidly. This new proposal by Redcar and Cleveland Council will see the station transformed into a trading hub as well seeing active rail usage, with waiting areas and ticket machines. After purchasing the building from Arch Company, which acquired the majority of Network Rail's commercial properties back in 2017, Redcar and Cleveland Council have every intention to maintain the station's victorian architecture, especially given that the building itself is Grade II listed. This is a far cry from their previous attempts to modernise the town with its vertical pier, the hub and the upgraded cinema. Artist impression of how Redcar Station could look after revamp Teesside Live spoke to residents and business owners from the Redcar and Cleveland area to ask them their opinions on the plans and whether this was a step in the right direction for the town or a step back. We first spoke to the owner of Gladwin Carpets, Brett Gladwin, 62, whose family business has been a part of the old station carriage works for decades. He believes that whilst it would certainly improve the area, it also has the potential to kill off traffic and business to the already struggling high street. He added: "It has needed doing up for the last thirty years and I do think it will help businesses, mine included, but at the same time when they take on projects like these it only ends up killing off the high street even more. "The first thing visitors will do when they get off the train is head down to the seafront whilst ignoring all the other areas." Gladwin Carpets owned by Brett Gladwin (Image: Teessidelive) Steve Turnbull, 58, owner of Cleveland Motor Factors, an automotive parts and accessories shop which has traded in Redcar for nearly forty years, is especially worried about the conversion plans as the designs propose flattening his shop in favour of building up the train station's outside area. Since the conversion was announced, Steve has contacted the council on several occasions but communication has been awry ever since and with no knowledge of what will happen to him and his business, Steve and his employees' futures are stuck in limbo. He added: "It really is an eyesore just sat there and I support them in trying to smarten the area up but where does that leave us? I still don't know if we'll be knocked down. "I've spoken to so many people from the council but every time they say 'we'll get back to you' and they never do. It just shows how little they actually care." Cleveland Motor Factors owned by Steve Turnbull (Image: Teessidelive) Mike Rye, 64, a Redcar resident and owner of MR Motors believes that the money should have been invested elsewhere in the town, likening the proposed overhaul as 'the dearest waiting room ever built'. He added: "It's just another white elephant for Redcar. It'll be too expensive to upkeep and it'll just end up how it is now, they should've focused on investing it into the seafront and the cinema that's still stood there empty. "Nearly six million for a waiting room, they should've turned it into a toilet block. With the number of people who need the toilet when getting off the train, it'd be more useful than what they're planning." Mike Ryes owner of MR Motors (Image: Teessidelive) We stopped off at the trinkets shop, Under a Spell which is located on Station Road in the town and spoke with the owner Louise Stewart, 52, who thinks the plans will have a positive impact on Redcar. She said: "I love the idea of it being renovated, it has taken far too long to do it. "I think it'll make a massive difference, we already get a fair few customers coming in from off the train so it can only be a positive change. I think it would help make people see Redcar in a different light." Under a Spell owned by Louise Stewart (Image: Teessidelive) Sisters Jacqueline Gardner, 51, and Joanne Garbutt, 54, owners of Elaine's Florist, think that whilst the proposed conversion could be a great boost for the area, the council seem to have forgotten about how neglected Station Road has become, especially since it is the first street you see when stepping off of the train. Jacqueline said: "The first thing people will see is the top of the road where the houses are rundown and you see a lot of police activity. "So while it might ultimately be a good thing, a lot needs doing to the area as a whole. You can't just focus on one thing and not the other, it all needs to be funded." Sisters Joanne Garbutt (left) and Jacqueline Gardner (right) (Image: Teessidelive) Teesside Live approached Redcar and Cleveland Council to address the concerns of the traders, especially those of Steve Turnbull, to which a representative commented: "Enquiries were made with Cleveland Motor Factors about the potential to purchase and relocate the business as part of the Redcar Town Deal ‘Station Road Housing Project’. "However, the Town Deal Board recently decided not to take this part of the project forward and have agreed instead to set up a task force to look into it in more detail. The Redcar Central station project is a separate development from the Redcar Town Deal and the development of the station is unlikely to impact Cleveland Motor Factors which is on the opposite side of the road. "We would like to apologise to the owner of Cleveland Motor Factors for any confusion that this has caused him and can reassure him we will be in touch to inform him of the decision of the Town Deal Board and any future actions." If you are a resident of the town and would like to have your opinions on the proposed conversion heard then Redcar and Cleveland Council have a survey in which you can participate, here . READ NEXT:

Steve Turnbull Investments

1 Investments

Steve Turnbull has made 1 investments. Their latest investment was in Ilesfay as part of their Seed VC - II on April 4, 2012.

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Steve Turnbull Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/3/2012

Seed VC - II

Ilesfay

$0.61M

Yes

Date

4/3/2012

Round

Seed VC - II

Company

Ilesfay

Amount

$0.61M

New?

Yes

Co-Investors

Sources

Steve Turnbull Portfolio Exits

1 Portfolio Exit

Steve Turnbull has 1 portfolio exit. Their latest portfolio exit was Ilesfay on January 01, 2014.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/1/2014

Acquired

$99M

1

Date

1/1/2014

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

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