0

Over a hundred towns in England to share £80 million to boost regeneration, helping them to build back better.

  • Over a hundred towns to share £80 million to boost regeneration, helping them to build back better
  • Funding will kick start local projects, driving growth and improving environment
  • First part of £3.6 billion to level up towns across England

Over 100 towns in England will be given up to £1 million to kick start regeneration projects and give areas a boost, Communities Secretary Robert Jenrick has announced today (25 September 2020).

This funding, which ranges from £500,000 up to £1 million per town, will be used to support projects that will make a difference to the area, such as new green spaces, the creation of pop-up businesses spaces, pedestrianising streets to encourage walking or cycling and creating of new community hubs to support those living alone.

Nova Financial – MPU 2

Projects such as Burton on Trent’s High Street regeneration, for which the town has been awarded £750,000, will see improvements to make the high street a more pleasant place to visit with new bus access and cycle lanes so the public can more easily visit.

In Newcastle-under-Lyme, the £1 million funding will boost the town’s regeneration plans, helping to demolish unloved buildings to make way for a new chapter in the town’s history.

Communities Secretary Robert Jenrick said:

“Our Towns Fund will help to share prosperity across the country and level-up. This £80 million funding for immediate investment is a real boost for our towns and will help them thrive with investment in transport, technology, skills and culture.”

“It will give towns across the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country respond to the impact of the coronavirus pandemic. We are fully behind our high streets and will support local areas to build back better.”

This investment will give areas in all corners of England the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country continues to respond to the impact of the coronavirus pandemic.

These funds are part of the overall £3.6 billion Towns Fund money allocated – with this initial pot shared out now to get some projects off the ground and give local areas the boost they need.

All 101 towns selected to work towards a Town Deal were given a funding allocation with proposals submitted to the MCHLG in August, before being reviewed by officials and a final decision made by ministers.

Town Deals build directly on the government’s commitment to decentralising funding and decisions away from Whitehall and investing in the growth of local economies and devolving powers through ambitious City and Growth Deals, providing more than £9 billion of funding to Local Enterprise Partnerships (LEPs) and introducing 8 metro mayors in England.

The government is working with councils and LEPs to create better transport links, more connectivity and world-class education opportunities across the country.

SUBSCRIBE
Subscribe to our weekly newsletter
Stay informed with our leading property sector news, delivered free to your inbox. 
Subscribe
Your information will be used to subscribe you to our newsletter and send you relevant email communications. View our Privacy Policy
Property Notify
Property Notify is a leading property sector publisher reporting on breaking news and political changes affecting the UK property industry, in addition to finance, tax and investment coverage we provide a hub to explore, contribute, invest in and celebrate the property industry. - Read more.

    Will the Pandemic Put London Into the Doldrums?

    Previous article

    Regulator of Social Housing Announces Statutory Appointments to Board of Prospect Housing Limited

    Next article

    You may also like

    Comments

    Leave a reply

    Your email address will not be published. Required fields are marked *

    More in News