Tuesday, August 16, 2022

East Midlands high streets set for £63m funding boost

As high streets across the nation begin to bounce back from the pandemic, seven areas across the East Midlands are set to receive a funding boost through the Future High Streets Fund, the Communities Secretary Robert Jenrick has announced.

In a key milestone for the Government’s levelling up agenda, this £831 million investment, which was announced in December 2020, will now help a total of 72 areas across England to implement ambitious local plans to improve transport infrastructure, build new homes and transform underused spaces.

As pubs, cinemas, bowling alleys and more open up this week across the region, this funding will provide a much-needed boost for high streets as they safely welcome shoppers and visitors back to their towns.

Derby, Sutton in Ashfield, Grantham, Nottingham, Heanor, Northampton and Buxton will each receive funding in recognition of the forward-thinking and innovative proposals they have developed, including:

  • £6.28m for Sutton-in-Ashfield will be used to improve pedestrian links to within the town centre. It will also fund the refurbishment of the Sutton Academy theatre and the creation of a new pop-up food and events spaces for a thriving town centre.
  • £15.03m investment for Derby will revitalise the city’s market. Funding for the Eastern Gateway will create a new residential neighbourhood and improved transport links from the bus station to the high street.

Local Growth Minister Luke Hall said: “High streets have always sat the at the heart of our local communities, which is why we are providing over £63 million Future High Streets Fund for the East Midlands.

“This investment will boost economic growth and productivity across the region, helping to revitalise towns like Sutton-in-Ashfield by refurbishing of the Sutton Academy theatre space. It will also help attract locals back to the high street in places like Derby by transforming its historic market spaces.”

The seven places now receiving confirmed funding totalling £63.02m in the East Midlands are:

  • Derby City Centre – Derby – £15,034,000
  • Sutton in Ashfield – Ashfield – £6,279,871
  • Grantham – South Kesteven – £5,556,042
  • Nottingham City Centre – Nottingham – £12,523,981
  • Heanor – Amber Valley – £8,592,837
  • Northampton – £8,427,625
  • Buxton – High Peak – £6,608,222

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