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Agreed Town Investment Plan could unlock up to £25m funding for Corby projects

Release Date: 
Tuesday, February 2, 2021 - 12:00


Corby Borough Council’s One Corby Policy Committee has approved the Town Investment Plan (TIP), which could access up to £25m of funding for local projects through the Towns Fund Scheme.


The Town Deal Board, following Ministry of Housing, Communities and Local Government (MHCLG) guidance and stakeholder engagement, prepared the approved TIP which will now be submitted to Government.


Leader of Corby Borough Council, Cllr Tom Beattie, said:


‘We are very pleased to have approved Corby’s Town Investment Plan which aims to build on the successful regeneration delivered in Corby through public and private sector partnerships over the past decade.


‘The foundations of the developed vision for Corby has been put together through extensive consultation, ranging from virtual workshops and one-to-one meetings, a market research survey covering over 400 residents, business and community sub-committee groups, as well as digital platforms, so it is exciting to see the result of all of the feedback come together and clear priorities brought forward.’


Within the TIP, the Board have prioritised the four projects below that form the basis of the funding ask of Government:


  • Sixth form Centre at Chisholm House

To establish a post-16 education facility within Corby town centre to equip students with the very best skills and education and to enable more young people to achieve their ambitions through to university and employment.


This project will accommodate 537 young people by 2025/26 based in the heart of the town centre. It is anticipated that the college could grow to accommodate up to 600 students over the longer term, drawn from across North Northamptonshire.


  • Market Walk East Site Multi-use space

Market Walk East site is a strategic town centre development site extending to c.0.9 acres immediately adjacent to the east of Market Walk mall in Corby town centre and is under review for development.  Potential to provide different types of non-retail uses on the Market Walk East site, preferred uses in this multi-use building to align with creative arts space and providing opportunity for the provision of community and youth services. The exact services to be provided and the delivery model will be considered as part of the business case stage, providing opportunity for engagement with local stakeholders to determine the most beneficial uses.


  • Corby Town Centre to Train Station Link via Oakley Road

Improve the route from the train station to the town centre, via Oakley Road.  The provision of improved and safer pedestrian and cycle connections between the town centre and train station.


  • Smart and Connected Corby

This project seeks to establish Corby as a smart and green town centre through harnessing connected and clean technologies.


Lorna Dodge, Chair of the Corby Town Board, said:


‘It has been a very interesting and productive year being a part of the board to develop and approve Corby’s Town Investment Plan. A total of four key projects have been submitted within the plan to secure the funding of £25 million. These projects build on the vision to regenerate Corby, commenced twenty years ago, and will support the future regeneration of Corby.’


Once the document has been submitted to MHCLG and agreed, the TIP will be published.


For more information about the Corby Towns Fund please go to www.corbytownsfund.co.uk which will be updated to inform and update on the different stages of the Corby Towns Fund and it’s projects.  There will also be periodic surveys on the website to help shape each stage.




Notes to Editors:

In December 2019, the One Corby Policy Committee approved the formation of the Town Deal Board, and for the Board to produce a Town Investment Plan (TIP) for Corby. This was in response to Corby being named as one of over 100 towns eligible to agree a Town Deal with the Ministry of Housing, Communities and Local Government (MHCLG), as a means of accessing external funding of up to £25m per town to facilitate regeneration and deliver long term economic and productivity growth.

The Town Board consists of different groups and companies in Corby ranging from local businesses and associations to Corby's MP and the Police. Corby Borough Council invited a broad range of people and local businesses to bring a wide range of ideas and suggestions on how this potential fund may be put to good use. 


More Information: 

For press enquiries please contact: Kimberley Buzzard, Corby Borough Council

Telephone: 01536 464022 Mobile: 07875 166 970

Email kim.buzzard@corby.gov.uk

Follow us on Twitter @CorbyBC

Last updated: Tuesday 2nd February 2021 12:07:03 PM
Review date: Monday 23rd January 2023 12:03:56 PM