British Airways i360 and new heritage centre
Find out more from the British Airways i360 website
The British Airways i360 opened in August 2016.
To support the building of the i360 councillors agreed to take out a government loan and pass it on to developers. The loan is from the Public Works Loans Board (PWLB) – a government funding agency who make loans available to major building projects.
The i360 is projected to earn three times more than it needs to cover its loan repayments.
Investing in landscaping work and seafront improvements
The council receives three separate streams of income from the i360. Income from Business Rates will support the funding of all council services. The rest of the income is set aside for investing in the seafront, helping enhance the area and bring in more business and revenue for traders.
We get to keep 50% of the Business Rates paid by the i360 under current government regulations. As the i360 is unique, a specialist valuation will be carried out to decide how much the Business Rates will be. Money from Business Rates supports the funding of all council services.
Public Works Board Loan arrangements
We will receive money from the i360 to pay for the £36 million Public Works Board Loan.
The payments from the i360 are expected to exceed the loan repayments by about £1 million every year. We will use some of the money for landscaping work on the seafront. Councillors will continue to make decisions about other seafront projects to fund.
We've also received just over £960,000 of fees from the i360 for the arrangement of the £36 million Public Works Board loan. This money will be spent on landscaping work on council owned property around the i360.
Income from ticket sales
Finally, the i360 will pay the council 1% of their income from ticket sales. This income will be spent on Regency Square and landscaping work. Maintenance of the newly landscaped areas is also being considered. Our Communities Team has set up a Regency Square community stakeholder group. The group includes representatives from the Regency Square Area Society, the West Pier Trust and the Brighton i360. The group will work with the council and with community representatives, businesses and residents to develop a masterplan for the square
Find out more about the funding of the British Airways i360 on their website.
Get the latest news from the British Airways i360 website
Find out more about how we're improving the seafront.
Planning for the i360
Plans for a major development on land next to Brighton’s West Pier were submitted to the council on Monday 17 July 2006. Additional information was submitted on Friday 8 September 2006. Planning permission and Listed Building Consent for both applications was granted at the Planning Applications Sub-Committee on 11 October 2006, subject to approval by the Government Office for the South East.
- All of the plans, drawings and other supporting documents, including the additional information submitted, can be accessed on our planning register. Go to application numbers BH2006/02369 and BH2006/02372.
- The planning officer made a report to the Planning Applications sub-committee. Download our planning officer's report (PDF 912KB)
- Further documentation can also be found on the 6 March 2014 Policy & Resources Committee meeting page
For further information on non-planning related aspects of this project, please read the questions and answers below or contact Major Projects & Regeneration on 01273 292553 or e-mail email@example.com.