UK high streets to receive £1bn funding

07 January 2020, 13:30 PM
  • The first 14 pilot town centres have been announced as part of the government’s High Street Task Force scheme
UK high streets to receive £1bn funding

Towns across the country will be receiving the first part of a £1 billion investment into towns and high streets as part of the Future High Streets Fund. Ministers announced the first 14 out of 20 pilot areas that will be given £25 million each to help rejuvenate high streets, which includes Swinton town centre, Coventry city centre, West Bromwich town centre and Aldershot town centre.

The High Streets Task Force will give local businesses face-to-face support, access to cutting-edge research, new online training and local footfall data from industry experts to help keep the retail sector thriving. Following the pilot the funding will then be rolled out across 101 areas.

Communities Secretary Rt Hon Robert Jenrick said, “Central to the mission of this new government is levelling up towns and regions, ensuring prosperity and opportunity are available to everyone. Over the course of 2020, we will invest hundreds of millions into projects to transform our town centres and support bespoke plans to meet the needs of individual local communities.”

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