High Streets across 15 areas in England have been allocated £255 million of the £830 million Future High Streets Fund in a bid by the government to help them ‘bounce back’ following what was a particularly tough year on retail throughout 2020.
The funding is aimed at helping to regenerate high streets and create new jobs following the last 12 months of plight suffered at the hands of the coronavirus pandemic. According to the Retail Gazette, as well as the 15 areas receiving funding, a further 57 areas have received provisional fundings offers totaling £576 million.
The Future High Streets Fund was launched in December 2018 and is part of the government’s plan to reshape town centres. Funding has now been deployed to support British high streets through the pandemic.
Communities Secretary, Robert Jenrick, 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.
“The role of the high street has always evolved. We want to support that change and make sure that they are the beating heart of the local community – with high quality housing and leisure in addition to shops and restaurants.”
On issuing the funding, 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.”
The 15 places which have received full funding are:
1. Tamworth Town Centre – Tamworth, £21,652,555
2. Sunderland City Centre – Sunderland, £25,000,000
3. Sutton – Sutton, £11,346,704
4. Bishop Auckland – Durham, £19,856,853
5. Blyth Town Centre – Northumberland, £11,121,059
6. Kidderminster – Wyre Forest, £20,510,598
7. Old Kent Road – Southwark, £9,605,854
8. Swindon – Swindon, £25,000,000
9. Stockport – Stockport, £14,500,000
10. Winsford – Cheshire West and Chester, £9,980,000
11. Sheffield High Street – Sheffield, £15,817,001
12. Blackfriars, Northern City Centre – Worcester, £17,939,000
13. Birkenhead – Wirral, £24,581,011
14. Brierley Hill High Town Centre – Dudley, £9,985,689
15. Stretford – Trafford, £17,605,674