It’s been confirmed Redditch will benefit from a £1 million funding boost this year to further accelerate investment across the town.
As part of the Prime Minister’s ‘New Deal for Britain’, towns across England that have successfully been selected to receive investment via the Government’s Towns Fund will benefit from a share of £96 million to accelerate investment in their town centres and high streets.
The Housing Secretary Robert Jenrick confirmed on Friday (September 24th) Redditch will receive £1 million from this fund to spend on projects across the town this year. This is an advance on the up to £25 million Town Deal that Rachel secured for Redditch in 2019.
The Towns Fund is targeted at areas with proud industrial and economic heritage that have not always benefited from economic growth in the same way as more prosperous areas.
This announcement brings the first tranche of money from the Fund to help Redditch meet some of the immediate challenges the town faces as a result of COVID-19 and invest in shovel ready projects that will improve the town centre.
“This £1 million investment this year is a demonstration of this Government’s commitment to level up Redditch. The Town Deal I secured for our town will truly enable us to continue to unlock Redditch’s full potential in the wake of the coronavirus pandemic.”
Councillor Matt Dormer, Leader of Reddith Borough Council, added:
“We’re driven by ambition and an absolute determination to unlock Redditch’s full potential. This £1 million will allow us to push ahead with our vision for Redditch and help us to bounce back from coronavirus.”