First £80m of £3.6bn Towns Fund released by government | News

First £80m of £3.6bn Towns Fund released by government

Government has set out £80m worth of funding as part of the Towns Fund, looking to help councils regenerate their local areas.

This funding, which ranges from £500,000 up to £1m 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.

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 £80m 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."