£350,000 Disbursed (2019)
The Observer Building was built in 1924 and for more than sixty years served as the headquarters and printworks for the Hastings and St Leonards Observer. Designed by local architect Henry Ward, it is an imposing building with a grand façade and holds approximately 42,500 sq. feet of industrial floor space over seven floors. In February 2019, White Rock Neighbourhood Ventures (WRNV) purchased the iconic building to transform it into a workspace for local enterprises and start-ups. This important initiative will create up to 300 jobs and 16 affordable homes in Hastings, a coastal town with high levels of economic and social deprivation where jobs and accessible housing are consistently in short supply.