SWT secures provisional Future High Streets funding
07 January 2021 : Council news, Planning and development
SWT is working with the Government to finalise ambitious proposals to transform our high streets into vibrant hubs for future generations.
The Council has been provisionally offered just under £14m from the Future High Streets Fund towards projects including town centre cycle and pedestrian improvements, and contributions towards the redevelopment of Firepool and Coal Orchard.
It had bid for £20.2m of funding in total so will now need to review and prioritise the projects with further guidance from the Ministry for Housing, Communities and Local Government.
The Council is one of 57 areas across the country to receive provisional funding offers totalling up to £576m.
A further fifteen areas across England have been awarded a confirmed £255 million from the Future High Streets Fund.
Cllr Marcus Kravis, Executive Member for Economic Development, said: “Whilst the £13.9m is great news, this is only a provisional allocation and we need to manage expectations as we have not been awarded the full amount requested.
"We are working closely with the MHCLG to prioritise the projects and enable the delivery of our ambitious regeneration plans, helping to protect and create jobs, and deliver opportunities and prosperity to our communities.
“This represents a real opportunity to enhance our retail environment and deliver our aspirations for growth to create a place that people really want to live, work and visit.”
The Future High Streets Fund was launched in December 2018 and is a key part of the Government’s plan to renew and reshape town centres, driving long term growth.
Further details can be found at www.gov.uk/government/news/830-million-funding-boost-for-high-streets