- Over a hundred towns to share £80m to boost regeneration, helping them to build back better
- Funding will kick start local projects, driving growth and improving environment
- First part of £3.6bn 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 (Friday 25 September).
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.
Blackpool is one of the towns to be awarded funding and will receive £1 million. This is part of a £50 million package of government funding that Blackpool is due to receive from the Towns Fund to support different regeneration projects across the resort.
Scott Benton MP said:
I’m delighted that we are one of the towns who will benefit from drawing down early funding as part of the Towns Fund.
The £50 million package that we are due to receive will make a huge difference in allowing us to press ahead with different projects to regenerate Blackpool and support the local economy.
This £1 million in funding will allow the Council to start delivering this ambitious programme straight away.
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 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.