50 more towns are set to profit from the £1 billion ‘Future High Streets Fund’, reveals Boris Johnson, taking the total number of towns to benefit from the fund to 100.
The funds could be used to:
- turn empty retail units into homes and workplaces,
- improve transport and access into town centres,
- invest in vital infrastructure.
Prime Minister, Boris Johnson has said:
“Our high streets are right at the heart of our communities, and I will do everything I can to make sure they remain vibrant places where people want to go, meet and spend their money. But with our town centres facing challenges, we’re today expanding the High Streets Fund to support over 100 high streets to regenerate – backed by £1 billion of vital investment. This scheme is going to re-energise and transform even more of our high streets – helping them to attract new businesses, boost local growth, and create new infrastructure and jobs,”
The additional 50 towns follow the announcement of the £3.6 billion Towns Fund, which included £325 million for the Future High Streets Fund.
Robert Jenrick, the Communities Secretary, said:
“Interest in the fund has been huge, and with so many strong applications, I am extending the number of towns moving forward to the next phase and getting a chance to develop their proposals.”
Contenders that progress to the second phase of the Future High Streets Fund, will receive up to £150,000 to aid in the development of,
“detailed project proposals that can be submitted for capital funding.”
Some local authorities included in the next phase are:
- Nuneaton and Bedworth,
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