Staveley to benefit from £3.6 billion Towns Fund
Staveley and Clay Cross are 2 of the 100 places invited to develop proposals for a new generation of multi-million-pound Town Deals which have today (6 September 2019) 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 benefitted from economic growth in the same way as more prosperous areas.
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.
A total of 42 places across the Northern Powerhouse and 33 places in the Midlands Engine are among the 100 pioneers of new Town Deals as part of the government’s commitment to level up all regions by boosting productivity, skills and living standards.
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.”
The government will soon publish a prospectus to guide towns through the process and set eligibility criteria for funding.
Once approved, new Town Deals will improve connectivity, provide vital social and cultural infrastructure and boost growth – with communities having a say on how the money is spent.