Published: 1st Nov 2019

The government has published more details about how its £3.6bn Towns Fund will work. The communities secretary Robert Jenrick has today (November 1) published a Towns Fund Prospectus, which contains more information for the shortlist of 100 places around the country that have been invited to develop proposals for the fund. It states that each place will have the opportunity to bid for up to £25m from the £3.6bn pot. According to the government, the £25m could be used to redevelop vacant buildings and land, drive private sector investment by supporting small businesses and ensure young people have the skills they need to get good jobs. Communities will also be able to consider how they can boost their transport links and increase access to high-speed broadband. The shortlist includes 42 places across the Northern Powerhouse and 33 places in the Midlands Engine, including Blackpool, Doncaster and Middlesbrough. The 100 places will also … (To read the full article, subscribe below)