Worcester to benefit from new Towns Fund

Worcester’s MP Robin Walker has welcomed the news that £3.6 billion in funding has been made available to towns across England to develop innovative regeneration plans and build prosperous. The Town Deals is at the core of the Prime Minister’s commitment to levelling up our regions. 

Worcester is one of 100 places invited to develop proposals for a new generation of multi-million-pound Town Deals have today been announced by Local Government Secretary Rt Hon Robert Jenrick MP. The towns eligible for support from the £3.6 billion Towns Fund include places with proud industrial and economic heritage but have not always benefited from economic growth in the same way as more prosperous areas. Building on the announcement of the Future High Streets Fund, which provides co-funding towards capital projects in our high streets, this funding has the potential to strengthen other areas of the city.  

Communities, businesses and local leaders will now join forces to draw up ambitious plans to transform their town’s economic growth prospects with a focus on improved transport, broadband connectivity, skills and culture.

The Town Deals Fund builds 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 and introducing 8 Metro Mayors in England.  

Member for Worcester, Robin Walker said:

“When this fund was launched in March, I wasn’t sure whether Worcester would be eligible, but I urged the department to ensure that we would be. There are parts of Worcester that absolutely fit the criteria and I am delighted that they have confirmed our city to be eligible for up to £25 million.”

“Coming hot on the heels on the Future High Street announcement, which will deliver £20 million for our City Centre, I hope that the stronger towns fund will deliver regeneration and opportunity for other parts of the city. There are many exciting ongoing developments within the City, earlier this year we received great news of a £3million boost into renovating and repurposing eight railway arches for creative and dynamic business space and upon completion will prove life changing to many residents in the city; from consumer to employee to employer.”

“I am looking forward to working with city council and with local businesses to make sure that this money delivers real transformation and regeneration.”

Local Government Secretary, Rt Hon Robert Jenrick MP, said: 

“Ensuring that prosperity and opportunities are available to everyone in this country, not just those in London or our biggest cities, is at the heart of the mission of this government. We want to level-up our great towns, raising living standards and ensuring they can thrive with transformative investment in transport, technology, skills and culture.”

“I will now work with local people from the 100 communities announced today to agree proposals to invest up to £25 million in each place. I hope these deals will provide the investment and the impetus for long-term renewal ensuring each town can look to the future with a new optimism.”

Minister for the Northern Powerhouse and Local Growth, Rt Hon Jake Berry MP said: 

“In July, the Prime Minister promised to level up 100 towns across the country, and today we’re delivering that promise. The best answers for local people will come from local people, that’s why we have listened to people living in these towns and will support them with a mega £3.6 billion fund to drive jobs and economic growth.”

“Five years on from the launch of the Northern Powerhouse, we are reaffirming our commitment to the people of the North so they have the support they need to be at the leading edge of a confident, global Britain when we leave the EU on 31 October.”

ENDS 

Notes to the Editors

For more information on the New Towns Fund, please see: 

https://www.gov.uk/government/news/100-places-to-benefit-from-new-towns-fund

For more information on the Future High Streets Fund, please see:

https://www.gov.uk/government/publications/future-high-streets-fund-call-for-proposals

For more information on the Cultural Development Fund, please see: 

https://www.gov.uk/government/news/five-areas-to-share-20-million-to-unleash-creativity-across-the-nation