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15 high streets to “bounce back” with £255m funding

// The Future High Streets Fund has allocated £255m to 15 areas in England
// The funding is aimed at helping regenerate high streets and creating new jobs
// Another 57 areas have received provisional funding offers totalling up to £576m

The government has allocated £255 million from the £830 million Future High Streets Fund to 15 areas in England.

The funding is aimed at helping regenerate high streets and creating new jobs, particularly after a tough year.

As well as the 15 areas receiving funding, another 57 areas have received provisional funding offers totalling up to £576 million.

READ MORE: Extension of Tier 4 restrictions force further non-essential closures

The Future High Streets Fund was launched in December 2018 and is part of the government’s plan to reshape town centres.

Communities Secretary Robert Jenrick said: “The year ahead will be a big one for the high street as it seeks to recover, adapt and evolve as a result of the pandemic.

“The role of the high street has always evolved. We want to support that change and make sure that they are the beating heart of the local community – with high quality housing and leisure in addition to shops and restaurants.

Rishi Sunak said: “We are supporting our high streets to get through this pandemic through business grants, paying people’s wages and tax deferrals.

“The Future High Streets Fund will help areas bounce back through regeneration projects that level up opportunities and create jobs right across the country.”

The 15 places which have received full funding are:

1. Tamworth Town Centre – Tamworth, £21,652,555

2. Sunderland City Centre – Sunderland, £25,000,000

3. Sutton – Sutton, £11,346,704

4. Bishop Auckland – Durham, £19,856,853

5. Blyth Town Centre – Northumberland, £11,121,059

6. Kidderminster – Wyre Forest, £20,510,598

7. Old Kent Road – Southwark, £9,605,854

8. Swindon – Swindon, £25,000,000

9. Stockport – Stockport, £14,500,000

10. Winsford – Cheshire West and Chester, £9,980,000

11. Sheffield High Street – Sheffield, £15,817,001

12. Blackfriars, Northern City Centre – Worcester, £17,939,000

13. Birkenhead – Wirral, £24,581,011

14. Brierley Hill High Town Centre – Dudley, £9,985,689

15. Stretford – Trafford, £17,605,674

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The post 15 high streets to “bounce back” with £255m funding appeared first on Retail Gazette.



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