Wednesday, October 21, 2020

Corby receives £750k to help accelerate growth and the economy

Corby Borough Council has been awarded £750,000 as part of the Government’s accelerated fund.

This fund is one of the Government’s capital investment projects and forms part of its ambition to level up communities by creating jobs and building stronger and more resilient local economies and growth.

The Accelerated Fund will be used to support capital spend within the intervention framework as set out in the Towns Fund Further Guidance:

Particular focus will be on projects this financial year that will support the town in responding to immediate challenges, including:

  • Improvement to or new parks and green spaces and sustainable transport links
  • Improvements to town centres including repurposing empty commercial properties
  • Demolition or site remediation where this will have an immediate benefit

Leader of Corby Borough Council, Cllr Tom Beattie: “The impact of Covid-19 has made any local investments more important than ever. The past few months have been hugely challenging for communities across the country and we hope to use the monies towards projects that will support the growth and recovery of our towns during the pandemic.”

Sovereign Centros on behalf of the owners of Corby Town Centre comment: “We are delighted to have secured part of the bid to support projects that will enable us to continue the improvement in Corby town centre. The monies will allow us to introduce new public realm and refurbish the established and popular market along Corporation Street.

“In addition the redundant area of land situated at the important gateway entrance into Corby town centre from the main car park will greatly benefit from a complete makeover.  We are very much looking forward to creating an area for the public to use and enjoy.”

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