The Newhaven Town Deal, that will see the town access the £3.6 billion Towns Fund, is now able to be drawn up as the government has published guidance to help in the process.
The government has published further Towns Fund guidance which sets out the key information local leaders need to prepare for a Town Deal and develop proposals in the form of a Town Investment Plan.
Through the guidance, communities, businesses and local leaders will now be able to work together and draw up ambitious plans to transform their town’s economic growth prospects with a focus on improved transport, broadband connectivity, skills and culture.
Maria Caulfield MP said “The regeneration of Newhaven is something that I am very passionate about and have been working hard on since being elected. It is so important that Newhaven is able to realise its potential, and this Town Deal will help provide the funding to do just that.”
Simon Clarke MP, Minister for Regional Growth and Local Government said, “Ensuring that every part of this country has the opportunity to grow and prosper is at the heart of the mission of this Government, and our Towns Fund is an essential part of making sure that our communities have the level of investment they need to drive jobs and economic growth.”
“With this new guidance, communities, businesses and local leaders will now be able to work together to draw up their ambitious plans bring investment and growth to their local area.”
Newhaven will now have 4 weeks to decide whether or not to submit a Towns Investment Plan by 31 July 2020 or, in a later cohort, by either October 2020 or early 2021.
Newhaven has also benefited from the government’s Future High Streets Fund that has recently seen a £7.9 million bid go to government, backed by Maria Caulfield MP.