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New guidance for 100 towns set for a Town Deal
The 100 places selected for the government’s £3.6 billion Towns Fund will now be able to draw up their proposals for a multi-million pound investment.
Simon Clarke, Minister for Regional Growth and Local Government, has published further Towns Fund guidance which sets out the key information local leaders need to prepare for a Town Deal and develop proposals in the form of a Town Investment Plan.
Through the guidance, communities, businesses and local leaders will now be able to work together and draw up ambitious plans to transform their town’s economic growth prospects with a focus on improved transport, broadband connectivity, skills and culture.
Clarke said: “Ensuring that every part of this country has the opportunity to grow and prosper is at the heart of the mission of this government, and our Towns Fund is an essential part of making sure that our communities have the level of investment they need to drive jobs and economic growth.
“Investment in our towns is needed more than ever as we move to the next stage of the economic recovery from Covid-19, and the Fund will play an important part in the kick-starting of our economic recovery and levelling up our regions. With this new guidance, communities, businesses and local leaders will now be able to work together to draw up their ambitious plans bring investment and growth to their local area.”
The 100 selected places will now have 4 weeks to decide whether or not to submit a Towns Investment Plan by 31 July 2020 or, in a later cohort, by either October 2020 or early 2021.
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