North Somerset Council has assured residents that the estimated £16m required to repair Birnbeck Pier will not be the responsibility of taxpayers.
Following the long-anticipated purchase of the Grade II listed landmark from CNM Estates, the authority confirmed the RNLI and Historic England as funding partners.
“We can’t have a drain on council tax payers resources,” said councillor Mark Canniford. “This is a really good partnership working arrangement and once we’ve got it up and running it will fund itself.”
“That is the business plan and that is how we’re going to do it.”
Funding for the project is also expected to be delivered in part from a National Lottery Grant, with the authority predicting the 153-year-old pier could reopen to the public within five years, having been closed since 1994 for safety reasons.
NSC confirmed the acquisition of the pier earlier this month, with Canniford hailing the move as a “significant milestone” and “a massive step” toward its renovation, as well as a boost for local traders.
Speaking to the BBC, Cove Cafe owner Gemma Hardy said, “hopefully it will bring this end of town up. It’s a slightly forgotten end of town. I’m really pleased, it’s really positive.”