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East Midlands Chamber News

Chamber comment on Future High Street Fund shortlist announcement


Commenting on the announcement that six local centres have been picked to progress to the detailed bid stage of the Government’s £675m Future High Streets Fund, Scott Knowles, Chief Executive at award-winning East Midlands Chamber, said: “Anything that regenerates our High Streets has to be welcomed.


“I guess we should be pleased that six of the 51 High Streets across the country chosen to go through to the next round are within the three counties the Chamber represents, but at the same time its’ disappointing that only six of our centres have made the shortlist to receive transformational funding.


“High Streets across the country are under threat from high business costs and competition from online-only retailers and we support anything that can be done to help level the playing field.”


The six shortlisted centres are Heanor, Buxton, Mansfield, Coalville, Nottingham City Centre and St Peters Cross, Derby.


Each will receive £150,000 to fund preparation of detailed final bids based on their original project plans, which range from improving transport and access into town centres to converting retail units into new homes.


The Department for Housing, Communities and Local Government will work closely with them, focusing on those that have ‘shovel ready’ projects.


The Future High Streets Fund launched in December 2018.


The report on GOV.UK can be found at https://www.gov.uk/government/news/multi-million-fund-to-revitalise-country-s-high-streets.


The shortlisted High Street list is at https://assets.publishing.service.gov.uk/media/5d234462ed915d0bc832da73/future-high-streets-fund-shortlist.pdf.