Funding will mostly go towards towns across England's Northern Powerhouse and Midlands Engine regions
The list of locations across England that will be eligible to receive support from the Towns Fund has been announced by Secretary of State for Housing, Communities and Local Government (MHCLG) Robert Jenrick MP.
A total of 100 towns have been selected to be supported by the £3.6 billion fund, most of which are industrial towns that have historically not benefitted from economic growth in the same way as more prosperous regions.
Nearly half of the list (45) are in the North of England, whilst a further 33 are in the Midlands, which will enable local communities, business leaders and local enterprises to collaborate to create pioneering new plans that will transform their town’s prospects.
The key focuses of the strategies will be enhancing transport infrastructure, improving broadband internet connectivity, skills training, and maximising the town’s cultural value and offerings.
The Town Deals Fund reflects the Government’s commitment to boosting productivity, skills, and standards of living in the Northern Powerhouse and Midlands Engine areas, as well as reallocating investments and decisions away from Whitehall and into local economies.
“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,” said Jenrick.
“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.”
He concluded: “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.”
However, new Chancellor Sajid Javid’s recent spending review was poorly received by key figures across the housing and construction industries.