The historic Victorian Prudential Building in Oldham showing signs of exterior decay.
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Oldham's Historic Prudential Building Set for Restoration After Years of Neglect

Representative photo · Photo: Gerald England / Wikimedia Commons, CC BY-SA 2.0

By: NexVani DeskDate: 14 November 2026Views: 0

Oldham Council has secured a £1 million grant to restore the derelict Victorian-era Prudential Assurance Building, ending 15 years of decay.

The historic Prudential Assurance Building in Oldham town centre, which has been ravaged by years of neglect, is finally set for a major restoration. Designed by the renowned Victorian Gothic architect Alfred Waterhouse, the 1889 landmark has stood empty for 15 years, falling into a significant state of disrepair that has drawn concerns over safety and anti-social behaviour. The structure, which features brick construction with terracotta dressings, had become so overgrown that nature had begun to colonise its broken windows and roof.

A new chapter for the Pru

Following a compulsory purchase order by Oldham Council in 2024, the local authority has now secured a £1 million grant from the Heritage at Risk Capital Fund. This funding, delivered by Historic England and supported by the Department for Digital, Culture, Media and Sport, will facilitate urgent conservation efforts. The project aims to protect the building while long-term plans for its future are developed. Working alongside Buttress Architects, the council is considering repurposing the site into workspaces, with proposed works including roof replacement, façade restoration, and the installation of a glazed atrium.

A £1 million grant will fund the restoration of Oldham's historic Prudential Building to prevent further decay.

For the past decade, the site has been a source of community concern, with reports of falling masonry and illicit activities in the adjacent alleyway. The building, which is Grade II-listed, was previously included in the Victorian Society's list of most endangered buildings and SAVE Britain's Heritage's at-risk register. James Kington, Director of Growth at Oldham Council, described the investment as fantastic news for the community, noting that the works will preserve a vital piece of the town's heritage.

Louise Brennan, Director of Regions at Historic England, emphasized that investing in at-risk buildings helps unlock their potential and breathes new life into historic places. The Prudential Building is situated near the Oldham Central Metrolink and the former Oldham Town Hall, which is currently being redeveloped into a cinema and restaurant venue. The council views the restoration of the 'Pru' as a catalyst for the wider regeneration of the town centre, reinforcing its grand façade as a landmark destination.

Why it matters

The restoration of the Prudential Building marks a significant shift in the management of Oldham’s architectural heritage. By transforming a derelict site that previously attracted anti-social behaviour into a functional space, the council aims to improve the town's aesthetic and economic gateway, benefiting local residents and visitors alike.

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