Town Fund

In September 2019 it was announced that Corby was selected as one of over 100 towns to take part in the Government’s new ‘Towns Fund’ initiative, the government pledged to invest £3.6bn to unleash the full economic potential of over 100 places.  Corby Borough Council has been invited to bid for up to £25 million for local projects to improve our town. 

 

Full details can be found in the Town Fund Prospectus by using this link (opens in new window)

 

The government wants local people to give their views on how this money is potentially spent.  This will be achieved in two ways, firstly by the formation of the Town Deal Board, a board comprising of different groups and companies in Corby ranging from local businesses and local associations to Corby's MP and a local police officer. 

Secondly through the My Town Campaign, the people of Corby can submit their ideas for how to improve skills and transport, create new jobs and regenerate our local community through the government web site by following the link:https://mytown.communities.gov.uk/town/corby/  (opens in new window)

 

The Town Fund is a two stage process:

  1. Establish a Town Investment Plan for Corby.
  2. Use the Town Investment Plan to bid for Town Deal funding.

The Towns Fund will provide the core public investment in Town Deals – additional funding may come from other sources or parts of government. The objective of the Fund is to drive the economic regeneration of towns to deliver long term economic and productivity growth through:

  • Urban regeneration, planning and land use: ensuring towns are thriving places for people to live and work, including by: increasing density in town centres; strengthening local economic assets including local cultural assets; site acquisition, remediation, preparation, regeneration; and making full use of planning tools to bring strategic direction and change.
  • Skills and enterprise infrastructure: driving private sector investment and ensuring towns have the space to support skills and small business development.
  • Connectivity: developing local transport schemes that complement regional and national networks, as well as supporting the delivery of improved digital connectivity

For more information please see the Town Fund Prospectus below.

 

Last updated: Wednesday 29th January 2020 06:00:12 PM