What is the Towns Fund?
In September 2019, the Government, as part of its plan for levelling up the UK economy, invited 101 towns across England to develop proposals for a Town Deal, as part of the £3.6 billion Towns Fund.
The overarching aims of the Towns Fund are to drive the sustainable economic regeneration of towns to deliver long term economic and productivity growth, whilst working with the Government to ensure there is a course of recovery from the impact of COVID-19.
Nuneaton Town Investment Plan (TIP)
In December 2020, the Nuneaton Town Deal Board, which is made up of business people, Nuneaton and Bedworth Borough Councillors, Warwickshire County Councillors and representatives from the Coventry and Warwickshire Local Enterprise Partnership, Warwickshire CAVA, health and community sectors, submitted Nuneaton’s Town Investment Plan to the Government.
Following a highly successful public consultation with Nuneaton residents where they were asked to submit their ideas, 11 projects were chosen by the Town Deal Board to be included in the Plan.
In March 2021, the Chancellor of the Exchequer announced in his budget that Nuneaton had been selected to receive the full £23.2 million it bid for from the Towns Fund and work is now well underway with our partners to see those 11 exciting initiatives delivered for the people of Nuneaton.
What happens next?
Visit this page for updates of individual project developments and how you can continue to have your say as the work progresses to deliver those 11 initiatives. Watch this space!!