Published: Fri 5 July, 2019
North West Leicestershire District Council (NWLDC) has been selected as one of fifty local authorities that are through to the second round of the Future High Streets Fund, which could see up to £25 million allocated to the regeneration of Coalville town centre.
The £675 million Future High Streets Fund has been set up by the Government to support and fund local areas’ plans to make their high streets and town centres fit for the future.
The regeneration of Coalville is a corporate priority for NWLDC, which has seen over £2.3 million invested or allocated since 2015, and future plans including a new indoor and outdoor market, a redesigned public space in Marlborough Square, new events and an extension of its business frontage grants scheme, as well as a £23 million leisure centre.
The scale of the funding offered by the Future High Streets Fund would be significant for Coalville, which is the only place in Leicestershire to be shortlisted, with local authorities invited to put together bids for up to £25 million.
The council will now be allocated funding by the Future High Streets Fund to develop a full business case for submission later this year. It will work with organisations and businesses in the town to put the bid together. The Government has not yet confirmed when the secured funding will be announced.
Councillor Richard Blunt, Leader of NWLDC, said: “Coming off the back of the news that the Belvoir Shopping Centre now has new owners and on top of our firm plans for the town, this is really good news for Coalville. We now have a lot of hard work ahead of us to showcase Coalville and how the town could benefit from an injection of Government funding.
“We’ve already shown that we are committed to the future of Coalville town centre, with our dedicated investment and our work with private investors. We hope that the Government will look at our bid and allocate funding that will make a real difference.”
MP Andrew Bridgen added: “I have discussed this with Jake Berry, who is the minister leading this project, and I am delighted that Coalville has been chosen today as one of the 50 places nationally to receive funding of up to £150,000 to work up their proposals for the next phase. I offer my congratulations to councillors, officers and everyone involved in the successful expression of interest.
“This is another example of how we are ensuring North West Leicestershire is on the map when the Government allocates funding.”