Fleetwood through to second round of £675m Future High Streets FundPublished Monday, 08 July 2019
Fleetwood is one of over 50 areas across the country that are through to the second phase of a multi-million pound fund that will transform their high streets.
Wyre Council will now receive up to £150,000 of funding after getting through to the second phase of the government’s £675m Future High Streets Fund, to work up detailed project proposals based on their initial plans.
The Future High Streets Fund was launched in December 2018 as part of the Government’s plan to help high streets to evolve and adapt to changing times. The aim is to create thriving places where the community feels engaged, and vibrant town centres where people live, shop, use services and spend their leisure time.
The first phase of the Future High Streets Fund called for places to set out their challenges and strategic approach to regenerating town centres. Fleetwood will now move forward to the second phase which involves the development of a full business case. The total fund to be allocated is £675 million and will contribute up to a maximum of £25 million to each successful place.
The objective of the fund is to renew and reshape town centres and high streets in a way that improves experience, drives growth and ensures future sustainability.
Prime Minister Theresa May said: “Our high streets lie at the heart of local communities – creating jobs, boosting the economy and helping small businesses thrive.
“But new technology and changes in the way we shop means they also face growing challenges, so I’m delighted over 50 towns will initially benefit from this scheme.
“The funding will breathe new life into town centres and – together with measures such as small business rate cuts and opening up empty shops – will transform our high streets for the future.
Councillor Michael Vincent, Planning and Economic Portfolio Holder at Wyre Council said: “We are delighted to be have been chosen to go through to the next stages of the Future High Streets Fund.
“High streets are the beating heart of our communities and this fund will allow us to develop plans to take action to strengthen Fleetwood’s economy.”