As part of the Towns Fund Project, the Government has today announced £500,000 for Newhaven for the project to regenerate Railway Quay which will create a welcoming space between the High Street and the station with plans for coffee shop facilities and a transport hub.
Newhaven is one of the 101 towns selected to share in the £80m fund
• Over a hundred towns to share £80m to boost regeneration, helping them to build back better
• Funding will kick start local projects, driving growth and improving environment
• First part of £3.6bn to level up towns across England
Over 100 towns in England will be given up to £1 million to kick start regeneration projects and give areas a boost, Communities Secretary Robert Jenrick has announced today (Friday 25 September).
This funding, which ranges from £500,000 up to £1 million per town, will be used to support projects that will make a difference to the area, such as new green spaces, the creation of pop-up businesses spaces, pedestrianising streets to encourage walking or cycling and creating of new community hubs to support those living alone.
Newhaven is one of the towns selected for a total allocation of £25 million and this is the first part of the money being released for projects to regenerate the town.
Local MP Maria Caulfield said. “I am really excited to see the first tranche of money coming through to support the regeneration of the town. Railway Quay is such an important location and it will be great for residents and visitors that there will be a place to wait , grab a coffee, park your bike and meet friends before heading in to the town which is set for regeneration after years of lack of investment.”
Communities Secretary Robert Jenrick said:
“Our Towns Fund will help to share prosperity across the country and level-up. This £80 million funding for immediate investment is a real boost for our towns and will help them thrive with investment in transport, technology, skills and culture.
“It will give towns across the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country respond to the impact of the coronavirus pandemic. We are fully behind our high streets and will support local areas to build back better.”
This investment will give areas in all corners of England the opportunity to drive economic growth and improve prospects for their communities, which will be vital as the country continues to respond to the impact of the coronavirus pandemic. These funds are part of the overall £3.6 billion Towns Fund money allocated – with this initial pot shared out now to get some projects off the ground and give local areas the boost they need.
All 101 towns selected to work towards a Town Deal were given a funding allocation with proposals submitted to the MCHLG in August, before being reviewed by officials and a final decision made by ministers.
Town Deals build directly on the government’s commitment to decentralising funding and decisions away from Whitehall and investing in the growth of local economies and devolving powers through ambitious City and Growth Deals, providing more than £9 billion of funding to Local Enterprise Partnerships (LEPs) and introducing 8 metro mayors in England.
The Government is working with councils and LEPs to create better transport links, more connectivity and world-class education opportunities across the country.
See also our previous post on 22nd September.