Bolton will receive £1 million to kick start regeneration projects and give the town a boost, Communities Secretary Robert Jenrick has announced today (Friday 25 September).
The funding ranges from £500,000 up to £1 million per town across the UK, 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.
Commenting Mark Logan MP said:
“This is excellent news that Bolton will receive the maximum boost of £1 million for projects such as the Ashburner Street project.
It will give Bolton the opportunity to drive much needed economic growth and improve prospects for communities, vital in our Covid recovery.”
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.
We are fully behind our high streets and will support local areas to build back better.”
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.