The South Bank project was established by the Leeds Transformational Regeneration Partnership. The regeneration is priced at £350 million, and the project is supported by
Leeds City Council. In September 2025, Leeds South Bank was named as one of 12 locations by the government's New Towns Taskforce. South Bank will be one of three completed by 2029. The South Bank regeneration seeks to create 35,000 jobs and 8,000 new homes. The redevelopment involves the industrial districts of
Holbeck and
Hunslet. In March 2026, the
Ministry of Housing, Communities and Local Government announced that Leeds South Bank was one of seven shortlisted areas for potential development. The other areas were
Brabazon and West Innovation Arc, Gloucestershire;
Crews Hill and Chase Park, Enfield;
Tempsford, Bedfordshire;
Thamesmead, south-east London;
Victoria North, Manchester; and a site in
Milton Keynes. Further consultation is expected to take place, with final decisions due later in the year. == Park ==