Communities Secretary Robert Jenrick has announced that up to £830 million from the Future High Streets Fund will be invested in 72 areas across England.
This will help those areas transform their high streets and to protect and create thousands of jobs.
It will also help areas recover from the pandemic while also driving long term growth. Enabling the delivery of regeneration plans and funding new local projects such as improvements to transport.
The funding is part of wider support from the government for communities and businesses, to support the most vulnerable as we continue to tackle the COVID-19 pandemic.
Communities Secretary Rt Hon Robert Jenrick MP said:
“The year ahead will be a big one for the high street as it seeks to recover, adapt and evolve as a result of the pandemic. Today’s £830 million investment from the Future High Streets Fund is one of many ways the government is working to help our much-loved town centres get through this and prosper into the future.
“The role of high street has always evolved. We want to support that change and make sure that they are the beating heart of their local community – with high quality housing and leisure in addition to shops and restaurants.
“This investment will help us build back better and make town centres a more attractive place to live, work and visit.”
The Chancellor of the Exchequer, Rishi Sunak, said:
“We are supporting our high streets to get through this pandemic through business grants, paying people’s wages and tax deferrals.
“The Future High Streets Fund will help areas bounce back through regeneration projects that level up opportunities and create jobs right across the country.”