Blueprint for 100 pound Town Deals revealed

Communities Secretary Robert Jenrick has revealed the blueprint for a new generation of multi-million Town Deals, which will regenerate town centres, boost businesses and improve infrastructure.

The Towns Fund prospectus provides information to councils in 100 places chosen to pioneer Town Deals, each of whom will receive a share of £16.4 million capacity funding to kick-start their innovative plans and bring their communities together. Each place will have the opportunity to bid for funding of up to £25 million as part of the government’s £3.6 billion Towns Fund.

The funding could be used to redevelop vacant buildings and land, drive private sector investment by supporting small businesses and ensure young people have the skills they need to get good jobs. Communities will also be able to consider how they can boost their transport links and increase access to high-speed broadband.

Robert Jenrick said: “This government is committed to levelling up all parts of the country. We created the £3.6 billion Towns Fund to help businesses grow, connect communities and give people the skills they need to succeed. But no place is exactly the same. That is why we want to help local people to decide how this investment of up to £25 million in each town can be used to help create new businesses, new jobs and new homes for generations to come.”

The announcement follows the launch of the My Town campaign, giving local people the chance to share what they love about their town and how they want to see it grow. To date, the campaign has drawn over 10,000 responses from across the country.