Newark and Sherwood District Council is preparing to allocate £1.33 million to address a funding shortfall in the Ollerton Regeneration Scheme. The project, backed by £20 million from the UK Government’s Levelling Up Fund, aims to redevelop Ollerton town centre with new facilities and public spaces.
Council documents confirm that additional funding is required to finalise the business case and avoid delays. The scheme will include a cinema, café, public sector hub and housing. Adjustments to the original plans have been made to control rising construction costs, such as reducing part of the public sector hub to a single storey and separating the cinema and café from the main building.
The hub is intended to offer community services, including advice, support, and adult education. The council is expected to review the business case this week, with a planning application anticipated later this month.
The regeneration project is part of a wider investment across Nottinghamshire, designed to revitalise local economies and improve public access to services through mixed-use developments.
