Published: 19th Jun 2020

Telford & Wrekin Council and the Marches Local Enterprise Partnership (LEP) are set to invest £19m into three brownfield sites in the borough. The sites in Telford Town Centre, Donnington and Wellington would together create around 500 new homes for affordable and private rent and sale as well as specialist and supported accommodation for vulnerable people. In addition, the developments will create new business and leisure facilities and could create up to 60 new jobs. A report to the council’s cabinet shows that the schemes would be funded by £12m from the local authority’s own £60m Regeneration and Investment fund agreed as part of the council’s budget setting process in February. The fund aims in particular to help secure match funding from other organisations as it has here, with the council being successful in securing a further £7 million grant for these scheme from the Marches Local Enterprise Partnership (LEP) … (To read the full article, subscribe below)